secwatch.observer — SEC 8-K summary
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Issuer:     Revolve Group, Inc. (RVLV)
CIK:        0001746618
Form:       8-K
Filed at:   2024-05-07T23:59:59+00:00
Accession:  0000950170-24-054482
Event type: earnings
Sentiment:  neutral
Materiality: 0.65
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Revolve Group Q1 2024 net sales down 3% to $270.6M; gross margin expands to 52.3%
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- Net sales $270.6M vs $279.6M YoY (-3%); gross margin 52.3% (+250 bps) on higher full-price mix and lower inventory adjustments.
- Net income $10.9M vs $14.2M (-23%); adjusted EBITDA $13.3M vs $15.0M (-12%); diluted EPS $0.15 (-21%).
- Active customers 2.55M (+5% YoY); April 2024 net sales up low single digits YoY, improving sequential trend.
- FWRD segment net sales down 15% to $41.0M; REVOLVE segment down 1% to $229.6M.
- Cash and equivalents $273.4M, debt-free; $61.4M remaining in buyback; repurchased 530,007 shares at avg $15.17 in Q1.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1746618/000095017024054482/0000950170-24-054482-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1746618/000095017024054482/rvlv-20240507.htm
  HTML page:      https://secwatch.observer/filing/0000950170-24-054482

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