{"id":152298,"date":"2024-11-08T09:17:09","date_gmt":"2024-11-08T08:17:09","guid":{"rendered":"https:\/\/luxus-plus.com\/the-realreal-exceeds-forecasts-in-the-third-quarter\/"},"modified":"2024-11-08T10:27:58","modified_gmt":"2024-11-08T09:27:58","slug":"the-realreal-exceeds-forecasts-in-the-third-quarter","status":"publish","type":"post","link":"https:\/\/luxus-plus.com\/en\/the-realreal-exceeds-forecasts-in-the-third-quarter\/","title":{"rendered":"The RealReal exceeds forecasts in the third quarter "},"content":{"rendered":"

A few days after announcing the appointment of its new CEO, the Californian luxury goods resale platform has just confirmed better-than-expected performance between July and September 2024.<\/h4>\n

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One man’s misfortune is another man’s gain…<\/p>\n

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While many players in the luxury goods sector are suffering, the second-hand sector is more buoyant.<\/strong><\/b> Witness the latest quarterly performance of The Real Real<\/strong><\/b>, founded in 2011 and self-proclaimed \u201cthe world’s largest online marketplace for the resale of authenticated luxury goods\u201d, with 17 million members.<\/p>\n

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As hinted at when its new CEO, Rati Sahi Levesque<\/strong><\/b>, was appointed last September, California-based The RealReal exceeded forecasts<\/strong><\/b> for its third quarter, ended September 30, in terms of gross market value, total sales and adjusted EBITDA.<\/p>\n

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Above estimates<\/h2>\n

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Sales rose by a healthy 11% year-on-year<\/strong><\/b> to $148 million in the third quarter, exceeding previous estimates (a range of between $135 and $142 million). Its GMV<\/strong><\/b>itself grew by 6% year-on-year<\/strong><\/b> to $433 million.<\/p>\n

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