secwatch.observer — SEC 8-K summary
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Issuer:     Revolve Group, Inc. (RVLV)
CIK:        0001746618
Form:       8-K
Filed at:   2023-05-03T23:59:59+00:00
Accession:  0000950170-23-017199
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Revolve Group Q1 2023 revenue down 1% to $279.6M; net income falls 37%, adjusted EBITDA down 52%
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- Net sales $279.6M (-1% YoY); net income $14.2M (EPS $0.19) vs $22.6M (-37%).
- Gross margin 49.8% (-468 bps) on lower full-price mix; adjusted EBITDA $15.0M (-52%).
- Active customers grew 19% to 2.42M; REVOLVE segment -3%, FWRD +5% YoY.
- April 2023 net sales declined ~7% YoY amid macro headwinds and inflationary pressures.
- Free cash flow $47.7M; cash $283.3M, debt free; inventory down 12% from Dec 2022.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1746618/000095017023017199/0000950170-23-017199-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1746618/000095017023017199/rvlv-20230503.htm
  HTML page:      https://secwatch.observer/filing/0000950170-23-017199

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer