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Therealreal - REAL STOCK NEWS

Welcome to our dedicated page for Therealreal news (Ticker: REAL), a resource for investors and traders seeking the latest updates and insights on Therealreal stock.

The RealReal (REAL) operates a leading online marketplace for authenticated luxury resale goods, combining expert verification with sustainable commerce practices. This news hub provides investors, analysts, and industry professionals with timely updates on corporate developments shaping the premium secondhand market.

Access official press releases, financial reports, and strategic announcements covering key areas including earnings results, partnership expansions, and sustainability initiatives. Our curated news collection enables efficient tracking of market positioning, operational milestones, and leadership in the luxury resale sector.

All content undergoes rigorous editorial review to ensure accuracy and relevance while maintaining compliance with financial disclosure standards. Bookmark this page for direct access to verified information supporting informed analysis of The RealReal's performance within the evolving circular economy landscape.

Rhea-AI Summary
The RealReal appoints Ajay Gopal as CFO and Karen Katz as Chairperson of the Board, aiming for profitable growth and long-term value creation. Gopal brings diverse experience in tech-enabled consumer companies, while Katz's luxury retail background adds strategic vision to the company's leadership.
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The RealReal (Nasdaq: REAL) will release its financial results for the fourth quarter and full year ended December 31, 2023 after the market closes on February 29, 2024. The company will host a conference call to review its financial results, which will be available via live webcast and archived shortly after the call.
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The Manhattan Vintage Show announces a strategic partnership with The RealReal, the world's largest online marketplace for luxury resale goods, for its upcoming Winter Show in New York City. The show will feature over 20 new vintage dealers and will present a curated selection from The RealReal's Rare Finds category, including works from celebrated designers like Gucci by Tom Ford and Christian Dior by John Galliano. The partnership aims to expand the global vintage conversation and provide a sustainable and stylish choice for vintage enthusiasts. The Winter Show will offer a platform for expression and discovery in the world of vintage, showcasing collections from every era, style, and price point.
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REAL: The RealReal Reports Q3 2023 Financial Results with Increased Gross Profit and Improved Adjusted EBITDA, but Decreased GMV and Total Revenue
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The RealReal to release Q3 2023 financial results on November 7
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The RealReal launches the Consign Commitment, urging consumers to consign at least one in five items from their closet to drive environmental change and create a sustainable future for fashion. Recirculating one in five items would help put the fashion industry on track to achieve the 1.5-degree pathway laid out by the Paris Climate Accord, according to McKinsey.
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The RealReal announces the resignation of CFO Robert Julian effective January 31, 2024 or until a new CFO is appointed. Julian will continue as an executive advisor until January 31, 2024 and provide limited consulting services from February 1, 2024 to June 30, 2024. The company will begin a search for a new CFO.
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Customers Make Investment Purchases Despite Economy; Stealth Wealth Trend Shakes Up Top Ten List
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The RealReal reported Q2 2023 gross merchandise value (GMV) and total revenue decreased 7% and 15% respectively compared to Q2 2022. However, gross margin increased by 908 basis points. The company's strategic shift to focus on higher margin consignment business is showing results. They expect to return to profitable top-line growth next year and achieve Adjusted EBITDA profitability on a full year basis in 2024. Q3 2023 GMV is expected to be $385-415 million and full year 2023 GMV is expected to be $1.725-1.775 billion. Total revenue for Q3 2023 is expected to be $120-130 million and full year 2023 total revenue is expected to be $540-560 million. Adjusted EBITDA for Q3 2023 is expected to be $(18)-$(15) million and full year 2023 Adjusted EBITDA is expected to be $(72)-$(66) million.
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Therealreal

Nasdaq:REAL

REAL Rankings

REAL Stock Data

598.51M
94.52M
12.7%
77.07%
15.07%
Luxury Goods
Retail-miscellaneous Retail
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United States
SAN FRANCISCO