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Mar 31, 2022
Revolve Q1 2022 Earnings Report
Announced financial results for the first quarter ended March 31, 2022.
Key Takeaways
Revolve Group reported an exceptional start to the year with a 58% year-over-year increase in net sales, record quarterly growth in active customers, and record levels of net income and operating cash flow for any first quarter.
Net sales increased by 58% year-over-year.
Record quarterly growth in active customers.
Net income and operating cash flow reached record levels for a first quarter.
Customer engagement is stronger than ever.
Revenue by Segment
Revenue by Geographic Location
Forward Guidance
The company expects the second quarter ending June 30, 2022 to be the largest sales quarter of the year. For the full year 2022, the company continues to expect the year-over-year growth rate to be highest in the first quarter of 2022 and lowest in the fourth quarter of 2022.
Positive Outlook
- Growth trajectory continued strong into the beginning of the second quarter of 2022.
- Net sales in April 2022 growing more than 30% year-over-year.
- Second quarter ending June 30, 2022 to be the largest sales quarter of the year.
- Consumer excitement and anticipation regarding the return of festival season was a key driver of results.
- Brands are truly resonating with next generation consumers globally across both the REVOLVE and FWRD segments.
Challenges Ahead
- Mindful of the macroeconomic, geopolitical and other uncertainties in the global markets.
- Expects year-over-year growth rate to be lowest in the fourth quarter of 2022.
- Continued impact of the COVID-19 pandemic on business, operations and financial results
Historical Earnings Impact
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Avg. Return Before/After Earnings
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