Revolve Q3 net sales down 4% YoY to $257.6M; net income falls 73% to $3.2M

Revolve Group, Inc.

2023-Q3 EPS reported $0.33 revenue$810,941,000

Diluted EPS $0.04, down 75% YoY; includes $6.6M legal accrual ($0.07/share).
Active customers up 12% to 2.51M; average order value down 7% to $299.
REVOLVE segment down 2%, FWRD down 14%; domestic sales down 5%.
FY 2023 gross margin guidance lowered to 51.8%-51.9%; October sales down low-single digit.
Repurchased 907k shares at avg $13.87; $87.4M remaining under buyback program.

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 0.98

Revolve Group, Inc. reported third quarter ended September 30, 2023 results: revenue $257,603, net income $3,178, EPS $0.04. Guidance reaffirmed.

Period: third quarter ended September 30, 2023
Revenue: $257,603
Net income: $3,178
EPS: $0.04
Guidance: reaffirmed
Result: reported results

Exact text from the filing

served us well for the past 20 years.” Third Quarter 2023 Financial Summary Three Months Ended September 30, 2023 2022 YoY Change (in thousands, except percentages) Net sales $ 257,603 $ 268,711 (4%) Gross profit $ 133,232 $ 142,382 (6%) Gross margin 51.7 % 53.0 % Net income $ 3,178 $ 11,988 (73%) Adjusted EBITDA (non-GAAP financial measure) $ 9,484 $ 17,676

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Source: SEC EDGAR

accession 0000950170-23-057441

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