RealReal

The RealReal will open a new Glendale store on October 1 to serve rising demand for vintage and resale luxury, citing a 432% increase in vintage interest since 2020 and a customer base now dominated by Gen Z and Millennials. The location will offer authentication, consignment support and curated luxury pieces, aiming to drive consignment volume and in-store sales. Risks include high lease and staffing costs, competition, regional economic swings and the company’s recent Q2 GAAP net loss widening to $27 million, though non-GAAP losses narrowed. Institutional ownership remains strong, with 47 hedge funds holding positions and short interest at 13.39%. » Mere på finance.yahoo.com

The RealReal reported all-time quarterly GMV of $617 million, up 22%, and revenue of $193 million, up 17%, prompting management to raise full-year GMV and revenue guidance. Adjusted EBITDA margin improved and active buyers and AOV rose, but GAAP net loss widened to $27 million largely due to an $18.6 million non-cash warrant liability adjustment while non-GAAP loss narrowed to $0.01 per share. Management did not reconcile forward-looking Adjusted EBITDA to GAAP, and the stock shows rising institutional ownership alongside 15.29% short interest and a forward P/E near 41. » Mere på finance.yahoo.com

The RealReal reported an adjusted loss of $0.01 per share for Q2 on revenue of $192.6m (+17%), beating consensus expectations. Gross merchandise volume rose to a record $617m (+22%) and adjusted EBITDA climbed to $13.5m (7% of revenue). Management raised full-year targets for GMV, revenue and adjusted EBITDA, attributing the growth to AI tools, automation and stronger demand for higher-priced items. The stock jumped in after-hours trading as the company continues to invest in technology, stores and marketing while seeking to further improve profitability. » Mere på de.investing.com