Revolve Q4 net income down 73% to $7.9M; full-year sales top $1B but profits fall 41%

Revolve Group, Inc.

2022-FY EPS reported $0.79 revenue$1,101,416,000

Q4 net sales $259.2M (+8% YoY); net income $7.9M (-73%); diluted EPS $0.11 (-72%).
Full-year net sales $1.1B (+24% YoY); net income $58.7M (-41%); adjusted EBITDA $90.2M (-21%).
Active customers 2.34M (+27% YoY); record annual growth of 500K customers.
Gross margin contracted: Q4 51.4% vs 54.8% YoY; full year 53.8% vs 55.0%.
Cash $234.7M, no debt; inventory $215.2M (+26% YoY); Q1-to-date net sales up mid-single digit.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Revolve Group, Inc. reported the fourth quarter ended December 31, 2022 results: revenue $259,153, net income $7,868, EPS $0.11.

Period: the fourth quarter ended December 31, 2022
Revenue: $259,153
Net income: $7,868
EPS: $0.11
Result: reported results

Exact text from the filing

to continue to take market share.” Fourth Quarter 2022 Financial Summary Three Months Ended December 31, 2022 2021 YoY Change (in thousands, except percentages) Net sales $ 259,153 $ 239,805 8% Gross profit $ 133,288 $ 131,464 1% Gross margin 51.4 % 54.8 % Net income $ 7,868 $ 29,382 (73%) Adjusted EBITDA (non-GAAP financial measure) $ 14,137 $ 34,176 (59%)

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Revolve Group, Inc. reported the fiscal year ended December 31, 2022 results: revenue $1,101,416, net income $58,697, EPS $0.79.

Period: the fiscal year ended December 31, 2022
Revenue: $1,101,416
Net income: $58,697
EPS: $0.79
Result: reported results

Exact text from the filing

relations website at https://investors.revolve.com. Full Year 2022 Financial Summary Year Ended December 31, 2022 2021 YoY Change (in thousands, except percentages) Net sales $ 1,101,416 $ 891,390 24% Gross profit $ 592,323 $ 489,823 21% Gross margin 53.8 % 55.0 % Net income $ 58,697 $ 99,840 (41%) Adjusted EBITDA (non-GAAP financial measure) $ 90,234 $ 114,585

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Source: SEC EDGAR

accession 0000950170-23-004105

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