Revolve Group reported a strong second quarter with net sales increasing by 3% year-over-year to $282.5 million and net income increasing by 111% year-over-year to $15.4 million. The company's performance was driven by improved marketing efficiency and logistics costs.
Net sales increased by 3% year-over-year to $282.5 million.
Gross profit increased by 3% year-over-year to $152.6 million.
Net income increased by 111% year-over-year to $15.4 million.
Active customers increased by 5% year-over-year to 2,577,000.
Based on information available as of August 6, 2024, the company is providing guidance for the full year ending December 31, 2024 and the third quarter ending September 30, 2024.
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