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Dec 31, 2021
Revolve Q4 2021 Earnings Report
Revolve's Q4 2021 financial results were announced, showcasing significant growth and profitability.
Key Takeaways
Revolve Group reported exceptional Q4 2021 results with net sales growth of 70% year-over-year and a 63% increase compared to Q4 2019. The company achieved a record $29 million in net income for the quarter, a 55% increase year-over-year and a 250% increase compared to Q4 2019.
Net sales increased by 70% year-over-year, reaching $239.8 million.
Active customers grew by 25% year-over-year, reaching 1.8 million.
Net income increased by 55% year-over-year, reaching $29.4 million.
Diluted earnings per share increased by 50% year-over-year, reaching $0.39.
Revenue by Segment
Revenue by Geographic Location
Forward Guidance
The company's strong growth continued into the first quarter of 2022, with net sales increasing year-over-year at a growth rate in the same zone as the 70% year-over-year growth in net sales during the fourth quarter of 2021.
Positive Outlook
- Strong growth continued into Q1 2022.
- Net sales increased year-over-year at a growth rate in the same zone as Q4 2021.
- REVOLVE segment net sales were $200.0 million, a year-over-year increase of 68%.
- FWRD segment net sales were $39.8 million, a year-over-year increase of 83%.
- Domestic net sales increased 80% year-over-year.
Challenges Ahead
- Prior-year monthly net sales comparisons will become more difficult for the remainder of Q1.
- Net sales during January and February 2021 increased year-over-year by a low single digit percentage.
- Comparisons for the remainder of Q1 2022 will be more difficult than for the quarter-to-date period.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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