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.
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.
The RealReal has achieved significant sustainability milestones by becoming the first carbon-neutral resale company and paying out over $2 billion in commissions for 18+ million items sold. The company, which has over 21 million members, focuses on promoting the circular economy by encouraging the resale of luxury goods. Through its efforts, it has saved approximately 896 million liters of water and 18,732 metric tons of carbon. Initiatives to maintain carbon neutrality include environmental management systems, waste reduction targets, and renewable energy evaluations.
The RealReal (NASDAQ: REAL) has announced a donation of $205,000 to combat anti-Asian violence through legal assistance. The contribution includes $100,000 from The RealReal and $105,000 from partner organizations, aimed at supporting the Asian American Legal Defense and Education Fund (AALDEF). The funds will help AALDEF address the increasing demand for legal aid among victims of hate crimes within the Asian American and Pacific Islander community, reflecting a commitment to social justice and community support.
The RealReal (Nasdaq: REAL) launched its upcycling program, ReCollection, during Earth Month, transforming damaged luxury items into unique pieces. This initiative partners with renowned brands like Balenciaga and Stella McCartney, emphasizing sustainability and the circular economy. The collection includes over 50 items, priced between $195 and $2,450, with proceeds supporting One Tree Planted's reforestation efforts. The program builds on The RealReal's commitment to extending the life of luxury goods through resale and repairs, aiming to inspire conscious consumption.
The RealReal announced a private offering of $250 million in 1.00% Convertible Senior Notes due 2028. The notes will be convertible into cash or shares at an initial rate of 31.4465 shares per $1,000 principal amount, equating to an approximate conversion price of $31.80, a 32.5% premium over the March 3 closing price of $24.00. The offering is expected to close on March 8, 2021. Estimated net proceeds of $241.9 million will fund capped call transactions and other corporate purposes. The notes will not be redeemable prior to March 2025.
The RealReal, Inc. (Nasdaq: REAL) announced a private offering of $250 million in Convertible Senior Notes due 2028, potentially increasing to $287.5 million with an option for initial purchasers. The proceeds will be used for capped call transactions and general corporate purposes. The notes will be convertible into cash, shares, or a combination, and will rank equally with other unsecured debts. The offering is subject to market conditions, and there is no guarantee of completion. The securities will not be registered under the Securities Act and are solely for qualified institutional buyers.
The RealReal (Nasdaq: REAL) reported a 6% year-over-year increase in Gross Merchandise Volume (GMV) for December 2020, with Q1 2021 GMV showing a promising 14% growth. Total revenue for Q4 2020 was $84.6 million, a 10% decline year-over-year, driven by a 16% decrease in consignment and service revenue. Notably, new buyers surged 21% year-over-year. The company also plans to open approximately 10 neighborhood stores by Q2 2021 to enhance customer engagement. However, it ended the quarter with a net loss of $53 million.
The RealReal (Nasdaq: REAL) has announced significant changes to its leadership team, promoting Rati Levesque to President and appointing Karen Katz and Emma Grede to its board, achieving a 60% female representation. Katz, with over 30 years in luxury retail, and Grede, founder of Good American, will enhance the board's diversity and experience. These appointments are part of The RealReal's strategy to reflect its community and drive growth in the evolving resale market. The company, the largest online marketplace for authenticated luxury goods, emphasizes sustainable fashion through its rigorous authentication process.
