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Mar 31, 2021
Revolve Q1 2021 Earnings Report
Announced first quarter 2021 financial results, highlighted by record net sales and net income.
Key Takeaways
Revolve Group reported record quarterly net sales of $178.9 million, a 22% year-over-year increase, and a record net income of $22.3 million. The company saw significant growth in March, driven by a return to social outing styles and continued strength in at-home products.
Delivered record quarterly net sales, up 22% year-over-year and 30% over Q1 2019.
Achieved record net income, a 435% increase over the prior year.
Generated $33 million in cash flow from operating activities, a 300% increase year-over-year.
Experienced strong recovery in March with growth in social outing styles and continued growth in at-home related products.
Revenue by Segment
Revenue by Geographic Location
Forward Guidance
Results for April 2021 continued the momentum from Q1, with year-over-year net sales growth outpacing the 22% reported in Q1. The company is encouraged by vaccine uptake and economic recovery, and plans to invest further in marketing events.
Positive Outlook
- Year-over-year growth in net sales in April meaningfully outpacing the 22% year-over-year growth reported for the first quarter of 2021.
- Encouraged by the pace of vaccine uptake and signs of healthy economic recovery across the United States and in many of key markets around the world.
- Recently resumed in-person marketing events with appropriate safety protocols, successfully hosting impactful marketing events in Australia and Los Angeles.
- Plan to invest even further in additional marketing events and programs in the near term to capitalize on the reopening opportunity with newly vaccinated consumers excited to socialize in person, travel and enjoy the active lifestyle they have come to associate with REVOLVE.
- Strong cash flow further strengthened our balance sheet and liquidity.
Challenges Ahead
- COVID-19 has continued to have a negative impact on REVOLVE’s operations and on net sales in certain regions.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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