Robert [Analyst]'s questions to RealReal Inc (REAL) leadership • Q3 2024
Question
Robert from Wells Fargo asked for color on consumer trends observed during Q3 and exiting the quarter, contrasting the strong results with previous commentary about a potential slowdown.
Answer
CEO Rati Levesque reiterated the resilience of the business model and the strength of supply, which drives demand. CFO Ajay Gopal added specific detail, noting that business accelerated through Q3 after a slightly soft start and that this momentum continued into Q4. He highlighted that the Average Order Value (AOV) remained strong at $522, up 2% year-over-year.