RealRealNASDAQ: REAL

For Rati Sahi Levesque, newly appointed CEO at secondhand luxury goods marketplace The RealReal, her first week at the company's helm was a promising one.  In a marketplace driven by value-conscious consumers, The RealReal reported third-quarter earnings Monday (Nov. 4) that exceeded expectations.

The RealReal, Inc. (NASDAQ:REAL ) Q3 2024 Earnings Conference Call November 4, 2024 5:00 PM ET Company Participants Caitlin Howe - Senor Vice President of Finance Rati Levesque - Chief Executive Officer & President Ajay Gopal - Chief Financial Officer Conference Call Participants Mark Altschwager - Baird Ashley Owens - KeyBanc Capital Markets Bobby Brooks - Northland Capital Markets Marvin Fong - BTIG Jay Sole - UBS Operator Good day and thank you for standing by. Welcome to the RealReal Third Quarter 2024 Financial Results Conference Call.

The RealReal has appointed President and Chief Operating Officer Rati Sahi Levesque as president and CEO and as a member of the board. Levesque succeeds John Koryl, who has left the company and is no longer on the board, the online marketplace for resale luxury goods said in a Monday (Oct. 28) press release.

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. The sale features ready-to-wear, handbags, shoes, jewelry, and more from the personal wardrobes of Kate Moss, Julianne Moore, Parker Posey, Janicza Bravo, Natasha Lyonne, Marisa Tomei, Rebecca Hall, Emmy Rossum, Cleo Wade and 10 more (full list below).

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.

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).

The RealReal (REAL) is technically in oversold territory now, so the heavy selling pressure might have exhausted. This along with strong agreement among Wall Street analysts in raising earnings estimates could lead to a trend reversal for the stock.

The RealReal stock fell 30% post-Q2 results, despite a healthy earnings beat. Investors criticized the company's full-year revenue and GMV cut, which bakes in potential macro headwinds (though the company has noted it has felt little macro impacts to date). Management still expects GMV to accelerate in the back half of FY24, driven by the company's higher-margin consignment business, which is also still adding active buyers.

Consumers Take the Lead, Redefining Trends and Investing in Lasting Value SAN FRANCISCO, Aug. 21, 2024 (GLOBE NEWSWIRE) -- The RealReal – the world's largest online marketplace for authenticated, resale luxury goods — today released its seventh annual 2024 Luxury Resale Report . This comprehensive report uses 13 years of data to examine the current state of luxury resale, delves into the shopping and consignment behaviors of The RealReal's more than 37 million members, and spotlights key trends shaping demand and resale value for luxury's most sought-after brands and items.