Loading...
•
Sep 30, 2024
Revolve Q3 2024 Earnings Report
Reported exceptional results in Q3 2024 with double-digit top-line growth and significant expansion of net income.
Key Takeaways
Revolve Group announced strong Q3 2024 financial results, featuring a 10% increase in net sales, a 238% surge in net income, and an 85% growth in Adjusted EBITDA. The company highlighted improved efficiency in logistics costs, return rates, and marketing as key drivers of increased profitability.
Net sales increased by 10% year-over-year, reaching $283.1 million.
Net income saw a significant increase, growing by 238% to $10.8 million.
Adjusted EBITDA grew by 85% year-over-year, amounting to $17.5 million.
Active customers increased by 5% year-over-year, totaling 2,628,000.
Revenue by Segment
Revenue by Geographic Location
Forward Guidance
Based on information available as of November 5, 2024, Revolve Group provided guidance for the full year and fourth quarter ending December 31, 2024. The guidance includes expectations for gross margin, fulfillment expenses, selling and distribution expenses, marketing expenses, general and administrative expenses, and the effective tax rate.
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
Loading earnings performance data...
Loading earnings reaction data...