---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-23-037184"
form_type: "8-K"
ticker: "RVLV"
cik: "0001746618"
company_name: "Revolve Group, Inc."
filed_at: "2023-08-02T23:59:59+00:00"
generated_at: "2026-06-12T14:16:29.148457+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# Revolve Q2 net sales down 6% YoY to $273.7M, net income falls 55%, guidance trimmed

## Summary
- Q2 net sales $273.7M (-6% YoY); net income $7.3M (-55%); diluted EPS $0.10 (-55%).
- Adjusted EBITDA $10.4M (-61% YoY); gross margin 54.0% vs 55.9% a year ago.
- FY 2023 gross margin guidance lowered to 52-52.5% from 52-53%; fulfillment and SG&A costs raised.
- Board authorizes $100M stock repurchase program; company has $269M cash and no debt.
- July net sales down mid-single digit percent YoY, citing continued soft U.S. consumer discretionary spending.

## SEC filing metadata
- accession: 0000950170-23-037184
- form_type: 8-K
- ticker: RVLV
- cik: 0001746618
- company_name: Revolve Group, Inc.
- filed_at: 2023-08-02T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 2.02, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1746618/000095017023037184/0000950170-23-037184-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1746618/000095017023037184/rvlv-20230802.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-23-037184
- JSON: https://secwatch.observer/filing/0000950170-23-037184.json
- Plain text: https://secwatch.observer/filing/0000950170-23-037184.txt

## Key facts
- Earnings Releases
  Revolve Group, Inc. reported the second quarter ended June 30, 2023 results: revenue $273.7 million, net income $7.3 million, EPS $0.10. Guidance lowered.
  - Period: the second quarter ended June 30, 2023
  - Revenue: $273.7 million
  - Net income: $7.3 million
  - EPS: $0.10
  - Guidance: lowered
  - Result: reported results
  source text: • Net sales were $273.7 million, a year-over-year decrease of 6%. • Gross profit was $147.7 million, a year-over-year decrease of 9%. • Gross margin was 54.0%, a year-over-year decrease of 198 basis points, primarily reflecting a lower mix of net sales at full price in the second quarter of 2023 as compared to the second quarter of 2022. • Net income was $7.3 million, a year-over-year decrease of 55%, primarily due to the decline in net sales, reduction in gross profit year-over-year and continued pressure on certain operating expenses. • Adjusted EBITDA was $10.4 million, a year-over-year decrease of 61%. • Diluted earnings per share (EPS) was $0.10, a year-over-year decrease of 55%.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1746618/000095017023037184/0000950170-23-037184-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.