The RealReal Inc is a luxury consignment platform that specializes in the resale of authenticated high-end fashion items, including designer clothing, accessories, and jewelry. The company connects buyers and sellers in a marketplace that emphasizes sustainability and the circular economy, allowing consumers to buy pre-owned luxury goods at reduced prices while enabling sellers to earn money from their unused items. By employing a team of experts who authenticate and appraise merchandise, The RealReal ensures the quality and authenticity of its offerings, creating a trusted environment for both buyers and sellers in the luxury resale market.
Shares of secondhand luxury marketplace The RealReal (NASDAQ: REAL)
jumped 39.4% in the morning session after a Wells Fargo analyst upgraded the stock's rating from Equal Weight (Hold) to Overweight (Buy) and bumped the price target from $4 to $15. The analyst credited the upgrade to the company's improved focus on profits under new leadership. Key factors driving the change included higher profit margins from a revamped consignment fee structure and less dependence on low-margin direct sales. The analyst thinks the recent debt overhaul also lowered financial risks, setting the stage for the company to generate positive free cash flow by 2025.
MIAMI, Nov. 27, 2024 (GLOBE NEWSWIRE) -- Today, The RealReal (Nasdaq: REAL), the world’s largest online marketplace for authenticated, resale luxury goods, proudly announces the opening of its newest store in The Miami Design District. This highly anticipated location marks The RealReal’s fourteenth brick-and-mortar location and the second in Florida.
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Shares of secondhand luxury marketplace The RealReal (NASDAQ: REAL)
jumped 18.4% in the morning session after the company reported a "beat and raise" quarter. Third-quarter earnings blew past analysts' Gross Merchandise Value (GMV), revenue and EBITDA expectations. Volumes increased year on year, exceeding expectations and making up for the shortfall in buyer count.
Its full-year EBITDA guidance also exceeded Wall Street's estimates. Overall, this was a strong quarter.
Secondhand luxury marketplace The RealReal (NASDAQ: REAL) reported Q3 CY2024 results exceeding the market’s revenue expectations, with sales up 11% year on year to $147.8 million. Guidance for next quarter’s revenue was optimistic at $161.5 million at the midpoint, 2.3% above analysts’ estimates. Its non-GAAP loss of $0.09 per share was also 12.9% above analysts’ consensus estimates.
Q3 2024 Revenue of $148 million, up $15 million or 11% Year-Over-YearQ3 2024 Net Loss of $(18) million, or (12.1)% of Total Revenue, improved $5 million Year-Over-YearQ3 2024 Adjusted EBITDA of $2.3 million or 1.6% of Total Revenue, increased $9 million Year-Over-Year
SAN FRANCISCO, Oct. 23, 2024 (GLOBE NEWSWIRE) -- Today, during National Consignment Month, The RealReal, the world’s largest online marketplace for authenticated, resale luxury goods, launches its second star-studded sale in partnership with environmental leader Conservation International, featuring 230 luxury pieces consigned by influential women who have shaped fashion, journalism, social justice, and culture.
SAN FRANCISCO, Oct. 10, 2024 (GLOBE NEWSWIRE) -- The RealReal (Nasdaq: REAL)—the world’s largest online marketplace for authenticated, resale luxury goods—today announced that it will release its financial results for the third quarter, ended September 30, 2024, after the market closes on November 4, 2024.
Michael Burry, the investor renowned for his prescient bet against the housing market before the 2008 financial crisis, has seen his recent wager on Chinese stocks pay significant dividends.
SAN FRANCISCO, Sept. 16, 2024 (GLOBE NEWSWIRE) -- The RealReal (Nasdaq: REAL)—the world’s largest online marketplace for authenticated, resale luxury goods—today announced that John Koryl, CEO, and Ajay Gopal, CFO, will participate in a fireside chat at the Wells Fargo 7th Annual Consumer Conference on Thursday, September 19. Mr. Koryl and Mr. Gopal are scheduled to present at 10:15am PT (1:15pm ET).
Key Takeaways: ATRenew posted strong revenue growth in the second quarter and predicted similar trends in the third, as it banks on rising demand from value-conscious consumers The recycling specialist is placing greater emphasis on its higher-margin businesses, which it is pursuing partly through growing ties with partners Apple and JD.com
Famed investor Michael Burry, known for his prescient bet against the housing market before the 2008 financial crisis, has made significant changes to his hedge fund's portfolio in the second quarter of 2024.
