Welcome to our dedicated page for Revolve Group news (Ticker: $RVLV), a resource for investors and traders seeking the latest updates and insights on Revolve Group stock.
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Revolve Group, Inc. (NYSE: RVLV) will present at the Needham Technology, Media and Consumer Conference on May 16, 2024. The next-generation fashion retailer for Millennial and Generation Z consumers will host a webcast of the presentation on their investor relations website.
Revolve Group, Inc. (NYSE: RVLV) reported financial results for Q1 2024, with significant gross margin expansion and year-over-year efficiency gains. Despite a 3% drop in net sales, the company saw a 2% increase in gross profit. However, net income decreased by 23%, and adjusted EBITDA also saw a 12% decline. Trailing 12-month active customers grew by 5%, while total orders placed decreased by 2%. The company repurchased $8.0 million worth of shares, with $61.4 million remaining in the stock repurchase program. Cash and cash equivalents increased by 11% to $273.4 million, and inventory rose by 6% to $201.8 million. The company provided guidance for the full year and Q2 2024, with positive outlooks for gross margin and expenses.