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Dec 31, 2023
Revolve Q4 2023 Earnings Report
Revolve's financial performance reflected a slight decrease in net sales but improved gross margin, with strategic investments in long-term growth and value creation.
Key Takeaways
Revolve Group reported a slight decrease in net sales for Q4 2023, but achieved an improved gross margin and made progress in selling and distribution cost efficiencies. The company continued to invest in long-term growth initiatives, supported by its profitable and cash-generative business model.
Net sales decreased by 1% year-over-year to $257.8 million.
Gross profit increased by 1% year-over-year to $134.0 million, with a gross margin of 52.0%.
Net income decreased by 56% year-over-year to $3.5 million.
Active customers increased by 9% year-over-year, reaching 2.543 million.
Revenue by Segment
Revenue by Geographic Location
Forward Guidance
Based on information available as of February 27, 2024, Revolve Group provided guidance for the full year ending December 31, 2024, and the first quarter ending March 31, 2024.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
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Avg. Return Before/After Earnings
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