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.
Revolve Group, Inc. (NYSE: RVLV) is a next-generation fashion retailer catering primarily to Millennial and Generation Z consumers. Established in 2003 by co-CEOs Michael Mente and Mike Karanikolas, Revolve has developed a dynamic platform that connects millions of consumers with thousands of global fashion influencers and over 1,000 emerging, established, and owned brands.
The company's primary business operations revolve around two complementary e-commerce segments: REVOLVE and FWRD. Through these platforms, Revolve offers a vast, yet curated, selection of premium apparel, footwear, accessories, beauty, and home products. Notably, Revolve focuses heavily on mobile commerce and influencer marketing, which has positioned it as a significant player in aspirational yet attainable luxury fashion.
In 2023, Revolve generated net sales of $1.1 billion, placing it just outside the top 30 apparel retailers in the U.S. by sales. A significant portion of these sales, approximately 20%, comes from private-label offerings, with the rest being sourced from emerging fashion brands with annual sales below $10 million. This focus on niche and up-and-coming brands ensures a unique inventory that resonates well with the style-savvy consumer.
One of the company's notable recent achievements was surpassing 2.5 million active customers in Q3 2023, reflecting a 12% increase from the previous year. Despite challenging economic conditions that have pressured discretionary spending, Revolve has managed to maintain strong cash flows and improve operating efficiencies. The company's inventory rebalancing efforts have also paid off, contributing to a more favorable sales-to-inventory trend for the first time in over two years.
Revolve's commitment to innovation is evident in its various initiatives. These include leveraging technology for more efficient operations, expanding product categories, and enhancing international service levels. Additionally, Revolve is investing in experiential marketing, as seen in its pop-up shops and collaborations with influential personalities and events like the annual REVOLVE Festival.
The company is not just about online presence; it is expanding its physical footprint as well. In June 2024, Revolve opened its first permanent retail location in Aspen, Colorado, after the success of its pop-up shop. This store merges contemporary and luxury fashion, offering a unique shopping experience that blends the best of both REVOLVE and FWRD collections.
Revolve Group (NYSE: RVLV) reported exceptional second quarter 2021 results, with net sales reaching $228.6 million, a 60% increase year-over-year and a 41% rise compared to Q2 2019. The company achieved a record net income of $31.5 million, or $0.42 per diluted share, surpassing previous years by over 100%. The FORWARD segment saw remarkable growth of 151%. Operating cash flow was $33.3 million, showing strong liquidity with cash and equivalents of $219.6 million. However, net cash from operations declined 38% year-over-year, reflecting increased inventory investments.
Revolve Group, Inc. (NYSE: RVLV), a fashion retailer for Millennials and Generation Z, will present at the KeyBanc Technology Leadership Forum on August 11, 2021, at 4:00 p.m. ET. A live webcast will be available on their investor relations website, with a replay option after the presentation. Founded in 2003 by co-CEOs Michael Mente and Mike Karanikolas, Revolve features two segments: REVOLVE, offering premium apparel and accessories, and FORWARD, showcasing luxury brands. The company is known for its engaging customer experience and strong community of consumers and influencers.
Revolve Group, Inc. (NYSE: RVLV) will announce its Q2 2021 financial results on August 4, 2021, after market close. A conference call is scheduled for the same day at 1:30 PM PT / 4:30 PM ET. Financial highlights will be available post-announcement on their investor relations website. The company aims to connect with Millennial and Generation Z consumers through curated fashion offerings, enhancing their market presence.
Revolve Group, Inc. (NYSE: RVLV) will join the Russell 3000 Index effective June 28, 2021, as confirmed in a preliminary list. This inclusion enhances the firm's market visibility and is beneficial for attracting institutional investors. The CFO highlighted that Revolve experienced record profitability and cash flows in 2020 and has returned to strong growth in Q1 2021 as economies reopen. Russell indexes serve as critical benchmarks for approximately $10.6 trillion in assets, providing increased exposure for the company within the investment community.
Revolve Group (NYSE: RVLV), a leading fashion retailer for Millennials and Gen Z, is set to present at three upcoming virtual investor conferences. These include:
- Cowen 2nd Annual New Retail Ecosystem CEO Summit on May 26, 2021, at 3:10 p.m. ET
- William Blair 41st Annual Growth Stock Conference on June 1, 2021, at 3:40 p.m. ET
- Piper Sandler 41st Annual Consumer Marketplace Conference on June 3, 2021, at 2:10 p.m. ET
Live webcasts will be accessible on Revolve's investor relations website and will be available for replay after the events.
Revolve Group (NYSE: RVLV) reported strong financial results for Q1 2021, achieving record net sales of $178.9 million, a 22.5% increase year-over-year. Net income soared to $22.3 million, marking a 435% rise from the previous year. The company's gross margin improved to 54.0%, up 540 basis points year-over-year, driven by effective inventory management and increased sales of social outing-related styles. Cash flow from operating activities reached $33.2 million, a significant 311% increase, and the balance sheet remains strong with $182.9 million in cash and no debt.
Revolve Group, Inc. (NYSE: RVLV) will announce its financial results for the first quarter ending March 31, 2021, after the market close on May 6, 2021. A conference call will follow at 1:30 PM PT / 4:30 PM ET the same day. The company will also release a Q1 financial highlights presentation on its investor website. Investors can access the call via toll-free numbers or the provided webcast link. Revolve Group, a leading fashion retailer for Millennials and Gen Z, offers a curated selection of apparel and accessories through its REVOLVE and FORWARD segments.
REVOLVE Group, Inc. (NYSE: RVLV) has launched a global initiative called REVOLVE for the World, aimed at promoting sustainability and raising awareness about global issues. In partnership with organizations like One Tree Planted, the initiative will plant a tree for every photo posted with the hashtag #revolvefortheworld. Also introduced is the Tularosa Green brand, emphasizing eco-friendly production methods using 100% organic cotton and recycled materials. REVOLVE's sustainability efforts extend to a dedicated sustainable shop featuring over 800 styles.
Revolve Group (RVLV) reported its Q4 and full year 2020 financial results, noting a 5% decline in net sales to $140.8 million for Q4 and a 3% decrease for the year totaling $580.6 million. Despite this, the company achieved a 126% increase in net income for Q4, reaching $19 million, and 59% growth year-over-year to $56.8 million for the full year. Adjusted EBITDA grew 37% in Q4, totaling $18.7 million. The company's cash position doubled to $146 million, aiding in a rebound from COVID-19 challenges. International sales surged 24% in Q4, offsetting domestic declines.
Revolve Group, Inc. (NYSE: RVLV) will present at three virtual investor conferences in March 2021. The schedule includes the Raymond James Institutional Investors Conference on March 3, the BofA Securities Consumer and Retail Technology Conference on March 10, and the Roth Investor Conference on March 16. Webcasts of these presentations will be available on their investor relations website, with replays accessible afterwards. As a leading fashion retailer, Revolve focuses on Millennial and Generation Z consumers through curated offerings in apparel, footwear, and accessories.
FAQ
What is the current stock price of Revolve Group (RVLV)?
What is the market cap of Revolve Group (RVLV)?
What does Revolve Group, Inc. do?
Who are the founders of Revolve Group, Inc.?
How much did Revolve Group, Inc. generate in sales in 2023?
What are the primary segments of Revolve Group, Inc.?
What percentage of Revolve's sales come from private-label offerings?
How many active customers did Revolve have as of Q3 2023?
Where is Revolve Group, Inc. based?
What is Revolve Group’s approach to marketing?
What recent physical expansion has Revolve undertaken?
What is Revolve Festival?
