Revolve Group Stock Price, News & Analysis

Revolve Group (NYSE: RVLV) reported strong Q2 2024 results, with net sales up 3% to $282.5 million and net income more than doubling to $15.4 million. Key highlights include:

- Active customers grew 5% YoY to 2.58 million
- Gross margin steady at 54.0%
- Diluted EPS increased 110% to $0.21
- REVOLVE segment sales up 4%, FWRD segment down 4%
- International sales grew 13%

The company cited improved marketing efficiency and lower logistics costs as major contributors. Revolve Group maintains a strong balance sheet with $244.7 million in cash and no debt. For Q3 2024, the company expects gross margin of 52.3% to 52.5% and marketing expenses at 15.2% of net sales.

Revolve Group, Inc. (NYSE: RVLV) has announced it will release its second quarter 2024 financial results on August 6, 2024, after market close. This will be followed by a conference call at 1:30 PM (PT) / 4:30 PM (ET) on the same day. The company will also make available a Q2 2024 financial highlights presentation on its investor relations website.

The live conference call can be accessed via toll-free number (888) 596-4144 for domestic callers or (646) 968-2525 for international callers, using Conference ID: 2756104. A replay will be available for approximately one hour after the call until August 13, 2024. Additionally, a webcast replay will be available for a time immediately following the call.

On June 25, 2024, REVOLVE Group (NYSE: RVLV) announced the acquisition of a majority stake in the luxury fashion brand Alexandre Vauthier. This strategic move aims to differentiate REVOLVE in the high-end fashion market. By combining REVOLVE's marketing prowess and operational excellence with Vauthier's haute couture craftsmanship, the partnership seeks to elevate both brands within the luxury fashion landscape.

The acquisition will involve the formation of a new entity, with REVOLVE investing 6 million euros over three years. The collaboration will debut with an exclusive dinner during Paris Fashion Week, followed by the launch of Vauthier's creations on FWRD and AlexandreVauthier.com in the fall, and a show during Paris Couture Week in January 2025.

Revolve Group (RVLV) announces the opening of its first permanent retail store in Aspen, Colorado, following a successful pop-up experience. The store, located in Aspen's shopping district, will offer a year-round, immersive shopping experience featuring collections from REVOLVE and FWRD brands. The new location will showcase apparel, footwear, and accessories, including exclusive products. This move aligns with REVOLVE's strategy to blend online and offline shopping experiences. The Aspen store aims to deepen brand partnerships and engage with a high-end, affluent community.

Revolve Group (NYSE: RVLV), a leading fashion retailer targeting Millennial and Generation Z consumers, has announced its participation in several upcoming investor conferences. The company will present at the Stifel Cross Sector Insight Conference on June 4, 2024, at 10:55 a.m. ET, the William Blair Growth Stock Conference on June 5, 2024, at 1 p.m. ET, and the Evercore ISI Consumer and Retail Conference on June 12, 2024, at 2:45 p.m. ET. These events will be webcast live and available for replay on Revolve Group's investor relations website.

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.