Therealreal Stock Price, News & Analysis

The RealReal (Nasdaq: REAL) released its 2022 Luxury Resale Report, highlighting significant growth in customer engagement and awareness of the resale market. The report noted a 27% increase in familiarity with resale and a 23% growth in its member base, adding 5.3 million new shoppers. Notable trends include an 78% increase in sales for collectibles and a 439% surge in demand for vintage clothing. The company emphasizes the emotional and environmental benefits of resale as consumers adapt to economic uncertainties.

The RealReal (Nasdaq: REAL) reported its Q2 2022 financial results, showcasing a 30% increase in Gross Merchandise Value (GMV) to $454 million and a 47% rise in total revenue to $154 million year-over-year. Despite these positive metrics, the company experienced a net loss of $(53.2) million, equating to (34.4)% of total revenue. Adjusted EBITDA improved to $(28.8) million from $(32.9) million a year earlier. The firm is navigating challenges related to sales labor shortages and has revised its full-year guidance downward. The leadership transition following CEO Julie Wainwright's departure was also highlighted.

The RealReal (Nasdaq: REAL) hosted a bipartisan congressional briefing on August 2, 2022, titled "Fashion and the Environment – How to Achieve a Circular Future." The session addressed the environmental impact of fast fashion and the push for a circular economy. Key speakers included Senator Tom Carper and Representative Frank Pallone, emphasizing the urgent need for sustainability in the fashion industry. Notably, the textile sector contributes to 11.3 million tons of clothing in U.S. landfills annually. The briefing highlighted the significant role of reuse and sustainable business models in combating climate change.

The RealReal has announced a partnership with Beckett Collectibles to provide expedited grading services specifically for its consignors. This deal aims to enhance the recently launched Collectibles category, which has seen a 48% increase in consignments in 2022. Services include expedited grading within 7-10 days, discounted rates of $25 per item, and potential earnings of up to 85% on final sales for consignors. The collaboration underscores both companies' commitment to quality and innovation in the collectibles market.

The RealReal (Nasdaq: REAL) announced it will release its second-quarter financial results for the period ending June 30, 2022, after market close on August 9, 2022. The company will host a conference call at 2:00 PM Pacific Time to discuss the results, accessible via U.S. and international dialing. The archived webcast will be available shortly after the call. As the largest online marketplace for authenticated resale luxury goods, The RealReal has over 27 million members and emphasizes a sustainable approach in supporting the circular economy.

The RealReal announced the appointment of Rati Sahi Levesque and Robert Julian as Co-Interim Chief Executive Officers following the resignation of founder Julie Wainwright on June 7, 2022. The Board will engage an executive search firm to find a permanent CEO while Wainwright will serve as an advisor until the end of 2022. Levesque, with a background in operations and merchandising, and Julian, with extensive financial management experience, are tasked with leading the company during this transition. The RealReal aims to continue its growth and execute its Vision 2025.

The RealReal (Nasdaq: REAL) reported a strong Q1 2022, with Gross Merchandise Value (GMV) up 31% year-over-year, reaching $428 million. Total revenue jumped 48% to $147 million. Despite ongoing COVID-related challenges, the company noted robust demand for luxury resale items. However, the net loss expanded to $57 million, slightly surpassing last year's loss. The company confirmed its full-year 2022 guidance, projecting GMV between $2,000 million and $2,100 million. Adjusted EBITDA for Q2 is forecasted to be between $(33) million and $(29) million.

The RealReal (Nasdaq: REAL) has expanded its Sustainability Calculator, a tool that quantifies carbon emissions savings and water footprint reduction from resale luxury goods. Initially focused on apparel, the calculator now includes handbags, fine jewelry, and watches, reflecting the company's commitment to sustainability. Since 2018, The RealReal has saved over 2.8 billion liters of water and 52,767 metric tons of carbon. The initiative aims to highlight the environmental benefits of a circular economy in fashion, as the industry seeks to meet climate goals.

The RealReal (Nasdaq: REAL) will release its financial results for Q1 2022 on May 10, 2022, after market close. A conference call to discuss these results is scheduled for 2:00 p.m. PT (5:00 p.m. ET). Investors can join the call by dialing (866) 996-5385 in the U.S. or (270) 215-9574 internationally, using passcode 1299713. The call will also be accessible via live webcast on the company's investor relations website. The RealReal is the largest online marketplace for authenticated resale luxury goods, boasting over 25 million members and a comprehensive authentication process.