Welcome to our dedicated page for The RealReal news (Ticker: REAL), a resource for investors and traders seeking the latest updates and insights on The RealReal stock.
The RealReal, Inc. (symbol: REAL) is the world's largest online marketplace for authenticated, resale luxury goods. Founded by e-commerce veteran Julie Wainwright, the company offers a premier luxury resale store experience by curating, evaluating, and authenticating high-end designer fashion, fine jewelry, watches, and art. With a portfolio that includes brands such as Chanel, Hermès, Manolo Blahnik, and Cartier, The RealReal ensures every item is genuine, eliminating the uncertainty of purchasing luxury goods online.
The RealReal operates on a consignment model, allowing individuals to sell their luxury possessions with minimal effort. The process involves free virtual appointments, in-home pickups, drop-offs, and direct shipping. The company handles all steps from authentication, pricing, and photographing, to listing, shipping, and customer service. With over 35 million members and a team of hundreds of in-house gemologists, horologists, and brand authenticators, The RealReal inspects thousands of items daily, supporting a circular economy by giving new life to luxury items.
In 2023, The RealReal generated $1.7 billion in gross merchandise volume (GMV). The company continues to refine its business model, focusing on the higher-margin consignment segment. This strategic shift resulted in significant improvements, including a higher take rate, better gross margin rates, and positive Adjusted EBITDA by the end of 2023. The RealReal's strong financial performance has placed it on track to achieve positive Adjusted EBITDA on a full-year basis in 2024.
Recent notable achievements include partnerships with brands like Gucci, Stella McCartney, and Burberry, along with collaborations such as the Manhattan Vintage Show in January 2024. These initiatives highlight The RealReal's commitment to sustainability and expanding the vintage luxury market.
The company also engages in strategic debt exchange transactions to strengthen its financial position, such as the recent exchange that reduced its indebtedness by over $17 million, creating capital structure flexibility for future growth.
The RealReal’s forward-looking strategy includes leveraging advanced technologies like AI and machine learning for optimal pricing, enhancing user experience, and maintaining rigorous authentication standards. The company continuously updates its financial guidance and remains transparent with its investors through regular earnings releases and conference calls.
The RealReal (Nasdaq: REAL) has released its 2021 Luxury Resale Report, highlighting the surge in luxury resale amidst changing consumer habits. Over the past year, 29% of buyers made their first pre-owned luxury purchase, and 45% of new consignors were first-time sellers. Notable trends include a 62% increase in Gucci transactions and a staggering 590% rise in demand for Telfar. Gen Z shoppers showed remarkable growth, with their participation up 33% in buyers and 86% in consignors, indicating a shift toward sustainable luxury investments.
The RealReal (Nasdaq: REAL) reported strong Q2 results with a 91% year-over-year growth in GMV, reaching $350 million. Total revenue increased by 83% to $104.9 million. Gross profit per order improved to $94, up $9 from the previous quarter. The company achieved record numbers of new consignors and active buyers, with 730K active buyers and 673K orders. Despite a net loss of ($70.7 million), cash reserves stood at $491.6 million. The opening of new retail stores and an Arizona authentication center support further growth prospects.
The RealReal (Nasdaq: REAL) reports July 2021 Gross Merchandise Volume (GMV) of approximately $116.6 million, marking a 56% increase year-over-year and 53% over July 2019. Average Order Value (AOV) for July was about $502, rising 13% year-over-year and 16% compared to 2019. The company is committed to sharing monthly GMV and AOV data through 2021 to enhance transparency on the COVID-19 pandemic's impact. The RealReal is set to release its second-quarter financial results on August 9, 2021.
The RealReal (Nasdaq: REAL) will announce its financial results for Q2 2021 on August 9, 2021, following the market close. A conference call will be held at 2:00 PM PT to discuss the results, accessible via phone and live webcast. The company is a leader in the authenticated resale luxury goods market, boasting over 20 million members and a rigorous authentication process. The RealReal emphasizes sustainability by prolonging the lifecycle of luxury items and facilitates effortless selling through various services.
The RealReal (Nasdaq: REAL) reports substantial growth in Q2 2021, achieving approximately $350 million in Gross Merchandise Value (GMV)—a 91% increase year-over-year and 53% compared to Q2 2019. Average Order Value (AOV) reached $520, marking a 25% year-over-year rise. The company previously forecasted GMV between $320 million and $330 million. To enhance transparency regarding COVID-19 impacts, The RealReal plans to provide monthly GMV and AOV updates through 2021, with official financial results expected in early August.
The RealReal (Nasdaq: REAL) reported a strong business update, highlighting a 106% year-over-year increase in gross merchandise volume (GMV) to approximately $239 million for the period ending May 31, 2021. This performance also marks a 53% rise compared to 2019. The average order value (AOV) reached around $520, up 26% year-over-year and 13% compared to 2019. The company is focusing on scalability and operating efficiency while responding to evolving consumer behaviors shaped by COVID-19. It plans to provide monthly GMV and AOV disclosures through 2021 for increased transparency.
Recurate, Inc. announced the hiring of Karin Dillie as Vice President of Partnerships to enhance brand collaborations in the resale market. Dillie previously generated $100 million in revenue at The Real Real. She emphasizes the necessity for fashion brands to develop owned resale channels to avoid losing market share. Recurate plans to leverage NFTs and AI technologies in 2021 to improve product authenticity and marketing, aiming to tap into the $5 trillion circular economy.
The RealReal (Nasdaq: REAL) announced that CFO Matt Gustke will participate in various conferences, including Cowen's 2nd Annual New Retail Ecosystem Summit on May 26 and the Piper Sandler 41st Annual Consumer Marketplace Conference on June 3. Notably, CEO Julie Wainwright will join Gustke at the Piper Sandler event for a fireside chat. Presentations will be available via webcast on The RealReal’s investor relations site, with replays accessible post-event. The RealReal is the world's largest online marketplace for authenticated resale luxury goods, emphasizing sustainability and expert authentication.
The RealReal (Nasdaq: REAL) reported a robust Q1 2021, with gross merchandise volume (GMV) rising 27% year-over-year to $327 million and total revenue up 27% to $98.8 million. The company achieved significant new buyer growth of 34%, surpassing its previous growth rate of 21%. Notably, it surpassed $2 billion in cumulative consignor commission payouts. Despite these gains, the net loss stood at ($56 million), and adjusted EBITDA was (36.1%) of total revenue. The company anticipates continued growth with projected Q2 GMV of $320-$330 million, reflecting a 75%-80% increase year-over-year.
The RealReal (NASDAQ: REAL) will release its Q1 2021 financial results on May 10, 2021, after market close. A conference call to discuss the results will occur at 2:00 PM PT (5:00 PM ET), accessible by calling (866) 996-5385 domestically or (270) 215-9574 internationally, with a passcode of 8157017. This call will also be available via live webcast. The RealReal, the largest online marketplace for authenticated resale luxury goods, offers services like free virtual appointments and in-home pickup, emphasizing sustainability and support for the circular economy.
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