Revolve Q4 net sales $257.8M (-1% YoY), net income $3.5M (-56%); FY2024 gross margin guidance 52.5-53%

Revolve Group, Inc.

2023-FY EPS reported $0.38 revenue$1,068,719,000

Q4 net sales $257.8M (-1% YoY); gross margin 52.0% (+57 bps YoY); net income $3.5M (-56%); diluted EPS $0.05 (-55%).
FY2023 net sales $1.07B (-3% YoY); net income $28.1M (-52%); active customers up 9% to 2.54M; REVOLVE segment net sales flat, FWRD -10%.
FY2024 guidance: gross margin 52.5-53.0%; fulfillment expenses 3.3-3.5% of net sales; G&A $130-133M; Q1 gross margin 51.4-51.9%.
First 8 weeks of 2024 net sales down mid-single digit % YoY; balance sheet remains debt-free with $245.4M cash.
Stock buyback: $69.4M remaining; repurchased 2.2M shares in FY2023 at avg $13.91 per share.

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Revolve Group, Inc. updated its fourth quarter and full year ended December 31, 2023 guidance (initiated).

Period: fourth quarter and full year ended December 31, 2023
Guidance: initiated
Result: reported results

Exact text from the filing

Revolve Group, Inc. issued a press release announcing its financial results for its fourth quarter and fiscal year ended December 31, 2023.

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Revolve Group, Inc. filing history →

Source: SEC EDGAR

accession 0000950170-24-021159

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