1538 ET -- RealReal's latest results showed improving growth and profitability, proving that its performance has inflected after significant operational changes, Baird analysts say in a research note. The luxury reseller's shift toward consignment and improved margins within the consignment business have driven substantial gross margin gains that are viewed as largely structural, the analysts say;. Overall, the secular tailwinds for resale remain in favor of the company, the analysts add. "We're encouraged by performance/execution though we see balanced risk/reward in shares as the platform builds scale." Shares rise 20% to $3.68. (sabela.ojea@wsj.com)
(END) Dow Jones Newswires
November 05, 2024 15:42 ET (20:42 GMT)
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