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NEW YORK, June 13, 2024 (GLOBE NEWSWIRE) -- Today, The RealReal, the world's largest online marketplace for authenticated, resale luxury goods, unveils an installation of fake handbags at 301 Canal Street. In a moment where authenticity has never been so important, we're drawing attention to the pervasive counterfeit crisis and provocatively prompting passer-bys to ask themselves what's real, with the goal of starting a conversation about why it matters on a street synonymous with counterfeit culture.
The RealReal has returned to 2% y/y GMV growth in Q1, following a -9% y/y decline in Q4. Impressively, Q1 GMV also grew nominally versus the Q4 holiday quarter. The company expects continued GMV acceleration in Q2. REAL's decision to focus on consignment revenue and ditch its direct sales business has also dramatically improved its profitability.
The RealReal, Inc. (NASDAQ:REAL ) Q1 2024 Earnings Conference Call May 7, 2024 5:00 PM ET Company Participants Caitlin Howe - SVP of IR John Koryl - CEO Rati Levesque - President and COO Ajay Gopal - CFO Conference Call Participants Marvin Fong - BTIG Ike Boruchow - Wells Fargo Chandana Madaka - KeyBanc Capital Markets Anna Andreeva - Needham Mark Altschwager - Baird Jay Sole - UBS Tom Nikic - Wedbush Operator Good day, and thank you for standing by. Welcome to the RealReal First Quarter 2024 Financial Results Conference Call.
The RealReal (REAL) came out with a quarterly loss of $0.12 per share versus the Zacks Consensus Estimate of a loss of $0.14. This compares to loss of $0.36 per share a year ago.
The RealReal, a luxury clothing consignment platform, has seen a significant increase in its stock price this year. The company has implemented a turnaround plan focused on consignment and debt restructuring, which has improved its gross margin profile. The RealReal faces competition from platforms like Poshmark but distinguishes itself in the luxury space with a curated selection and lower fees for certain categories (watches, sneakers).
SAN FRANCISCO, April 11, 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 first quarter ended March 31, 2024 after the market closes on May 7, 2024.
The RealReal, Inc. (REAL) is looking like an interesting pick from a technical perspective, as the company reached a key level of support. Recently, REAL's 50-day simple moving average crossed above its 200-day simple moving average, known as a "golden cross.
Does The RealReal (REAL) have what it takes to be a top stock pick for momentum investors? Let's find out.
The RealReal (REAL) is at a 52-week high, but can investors hope for more gains in the future? We take a look at the company's fundamentals for clues.
The RealReal (REAL) made it through our 'Fast-Paced Momentum at a Bargain' screen and could be a great choice for investors looking for stocks that have gained strong momentum recently but are still trading at reasonable prices.