Revolve Group's Q2 2023 net sales decreased by 6% year-over-year to $273.7 million, with a net income of $7.3 million, a 55% decrease year-over-year. The company faced challenges in aspirational consumer discretionary spending, particularly in the U.S.
Net sales decreased by 6% year-over-year to $273.7 million.
Gross profit decreased by 9% year-over-year to $147.7 million.
Net income decreased by 55% year-over-year to $7.3 million.
Active customers increased by 14% year-over-year to 2,458,000.
Based on information available as of August 2, 2023, the company provided guidance for the full year ending December 31, 2023, and the third quarter ending September 30, 2023.
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