The RealReal Inc. (REAL) Provides Monthly Business Update

December 2, 2021 9:10 AM EST
Get Alerts REAL Hot Sheet
Price: $9.69 +4.76%

Revenue Growth %: -100.0%

Financial Fact:
Net Loss: -6.61K

Today's EPS Names:
IBM, PETS, CUBI, More
Trade Now! 
Join SI Premium – FREE

News and research before you hear about it on CNBC and others. Claim your 1-week free trial to StreetInsider Premium here.

The RealReal (Nasdaq: REAL)—the world’s largest online marketplace for authenticated, resale luxury goods—today provided a business update. November gross merchandise value (GMV) was approximately $146 million, an increase of 51% and 46% compared to the same periods in 2020 and 2019, respectively.

The RealReal’s strong GMV growth in November was driven in part by Black Friday through Cyber Monday with 49% GMV growth year-over-year during the four-day period. Of note, Black Friday 2021 was the company’s largest single day of GMV ever transacted.

November average order value (AOV) was approximately $514, an increase of 17% and 10% compared to the same periods in 2020 and 2019, respectively. Watches, Men’s, and Women’s Handbags were the fastest growing categories in November.

The RealReal believes that disclosing monthly GMV and AOV will provide additional transparency regarding the effects of the COVID-19 pandemic on its business. Consistent with SEC guidance regarding the impacts of the COVID-19 pandemic, the company intends to provide monthly GMV and AOV through the end of 2021.

The following table represents GMV and AOV growth rates for September, October and November 2021, 2020 and 2019:

2021 vs. 2020 2021 vs. 2019
September October November September October November
GMV 44% 45% 51% 44% 38% 46%
AOV 9% 13% 17% 10% 7% 10%

The information in this press release reflects preliminary information available as of the date of this release.



Serious News for Serious Traders! Try StreetInsider.com Premium Free!

You May Also Be Interested In





Related Categories

Corporate News, Guidance