secwatch.observer — SEC 8-K summary
======================================

Issuer:     Revolve Group, Inc. (RVLV)
CIK:        0001746618
Form:       8-K
Filed at:   2023-08-02T23:59:59+00:00
Accession:  0000950170-23-037184
Event type: earnings
Sentiment:  negative
Materiality: 0.85
Item codes: 2.02, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1746618/000095017023037184/0000950170-23-037184-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1746618/000095017023037184/rvlv-20230802.htm
  HTML page:      https://secwatch.observer/filing/0000950170-23-037184

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