The RealReal, Inc. (NASDAQ:REAL ) Q4 2024 Earnings Conference Call February 20, 2024 5:00 PM ET Company Participants Caitlin Howe - SVP, Finance Rati Levesque - CEO and President Ajay Gopal - CFO Conference Call Participants Ike Boruchow - Wells Fargo Bobby Brooks - Northland Capital Markets Jay Sole - UBS Ashley Owens - KeyBanc Capital Markets Kunal Madhukar - Water Tower Research Operator Good day and thank you for standing by. Welcome to the RealReal Fourth Quarter 2024 Financial Results Conference Call.
The RealReal (REAL) came out with a quarterly loss of $0.62 per share versus the Zacks Consensus Estimate of a loss of $0.10. This compares to loss of $0.07 per share a year ago.
REAL's strong preliminary financial results for 2024 and strategic debt restructuring position it for sustained growth in 2025.
The luxury fashion world's loss has been The RealReal's gain this year. As The Wall Street Journal (WSJ) reported Thursday (Dec. 19), sales for the luxury resale website have grown for three quarters in a row as shoppers seek secondhand prices for first-class goods from the likes of Gucci and Chanel.
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.
Don't get me wrong -- I love the S&P 500. It's a curated stock market index comprised of around 500 of the biggest, most profitable U.S.-based businesses.
RealReal Inc. (REAL) rallied close to 40% after getting an upgrade and price target hike from Wells Fargo. George Tsilis talks about what makes the resale luxury good marketplace attractive for the analyst.
Michael Burry of ‘The Big Short' fame is known for his deft handling of the 2008 subprime mortgage crisis, which netted him $100 million and his clients seven times as much. However, he hasn't been resting on his laurels — through his firm, Scion Asset Management, Burry remains quite an active investor.
After reaching an important support level, The RealReal, Inc. (REAL) could be a good stock pick from a technical perspective. REAL recently experienced a "golden cross" event, which saw its 50-day simple moving average breaking out above its 200-day simple moving average.
The RealReal's shift to a consignment model has driven revenue growth, improved gross margins, and increased active buyers, leading to strong Q3 performance. GMV growth re-accelerated to 6% y/y in Q3, while the company also gained trailing 3-moonth active buyers. REAL is pushing its luxury sales managers to procure products with higher GMV and margins, which should help the company retain richer margins into FY25.
REAL posts Q3 2024 results with an 11% revenue increase and a 6% rise in GMV. The company raises its 2024 guidance.
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.