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Mar 31, 2024
Revolve Q1 2024 Earnings Report
Reported a decrease in net sales but an increase in gross profit and gross margin, driven by a higher mix of full-price sales and lower inventory valuation adjustments.
Key Takeaways
Revolve Group reported a 3% decrease in net sales to $270.6 million, but gross profit increased by 2% to $141.5 million. The gross margin improved to 52.3%. Net income decreased by 23% to $10.9 million, which included an insurance recovery of $2.8 million. Active customers increased by 5% to 2.551 million.
Net sales decreased by 3% year-over-year to $270.6 million.
Gross profit increased by 2% year-over-year to $141.5 million.
Gross margin increased to 52.3%, driven by margin expansion in the REVOLVE segment.
Active customers grew by 5% year-over-year, reaching 2.551 million.
Revenue by Segment
Revenue by Geographic Location
Forward Guidance
Based on information available as of May 7, 2024, the company is providing guidance for the full year ending December 31, 2024, and the second quarter ending June 30, 2024.
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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