earnings
confidence high
sentiment positive
materiality 0.75
Revolve Group Q2 net income doubles to $15.4M; net sales +3% to $282.5M
Revolve Group, Inc.
2024-Q2 EPS reported
$0.37
revenue$553,037,000
- Diluted EPS $0.21, up 110% YoY; adjusted EBITDA $20.5M, up 97%.
- REVOLVE segment net sales +4% to $245.5M; FWRD segment fell 4% to $36.9M.
- Active customers grew 5% to 2.58M; return rate fell YoY for first time in 3+ years.
- FY 2024 marketing expense guidance lowered to 15.3%-15.5% of sales (prior 16%-16.2%); G&A guidance raised to $135M-$138M.
- July 2024 net sales up mid-single-digit % YoY; $59.5M remains under $100M buyback program.