secwatch.observer — SEC 8-K summary
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Issuer:     Revolve Group, Inc. (RVLV)
CIK:        0001746618
Form:       8-K
Filed at:   2024-02-27T23:59:59+00:00
Accession:  0000950170-24-021159
Event type: earnings
Sentiment:  neutral
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1746618/000095017024021159/0000950170-24-021159-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1746618/000095017024021159/rvlv-20240227.htm
  HTML page:      https://secwatch.observer/filing/0000950170-24-021159

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