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Jun 30, 2021
Revolve Q2 2021 Earnings Report
Reported record quarterly net sales and net income.
Key Takeaways
Revolve Group, Inc. announced strong financial results for Q2 2021, marked by a 60% year-over-year increase in net sales and record net income, driven by new customer additions and reactivated customers.
Net sales increased by 60% year-over-year and 41% compared to Q2 2019.
Net income reached a record of $32 million, more than doubling compared to Q2 2020 and Q2 2019.
FORWARD segment net sales grew by 151% year-over-year and 120% compared to Q2 2019.
Cash and cash equivalents increased to $219.6 million, up 73% from June 30, 2020.
Revenue by Segment
Revenue by Geographic Location
Forward Guidance
Net sales in July 2021 increased more than 40% on both a year-over-year basis and on a two-year growth basis versus July of 2019.
Positive Outlook
- Strong growth continued into the third quarter of 2021.
- Net sales in July 2021 increased more than 40% year-over-year.
- Net sales in July 2021 increased more than 40% on a two-year growth basis versus July of 2019.
- Encouraged by the pace of reopening and economic recovery across the United States and in many of key international markets.
- Plan to invest even further in additional marketing events and programs in the future to continue to build brand over the long term and 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.
Challenges Ahead
- COVID-19 continues to have a negative impact on REVOLVE’s operations
- COVID-19 continues to have a negative impact on net sales in some 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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