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Sep 30, 2023
Revolve Q3 2023 Earnings Report
Announced third quarter 2023 financial results, demonstrating progress in rebalancing inventory and surpassing 2.5 million active customers.
Key Takeaways
Revolve Group reported a 4% decrease in net sales, a 6% decrease in gross profit, and a 73% decrease in net income compared to the same quarter last year. The company surpassed 2.5 million active customers, a 12% increase year-over-year. They also achieved a key 2023 objective of rebalancing their inventory.
Net sales decreased by 4% year-over-year to $257.6 million.
Gross profit decreased by 6% year-over-year to $133.2 million.
Net income decreased by 73% year-over-year to $3.2 million.
Active customers increased by 12% year-over-year, reaching 2.51 million.
Revenue by Segment
Forward Guidance
Based on information available as of November 1, 2023, Revolve Group provided guidance for the full year and fourth quarter ending December 31, 2023.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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