In Q3, Revolve added 261 thousand active buyers, translating into 11.6% year-on-year growth. Revolve Trailing 12 months Active Customers This quarter, Revolve beat analysts' estimates but reported a year on year revenue decline of 4.13%. Revolve's revenue growth over the last three years has been strong, averaging 25.2% annually. The surge in buying caused many online retailers to rapidly grow their logistics infrastructures, preparing them for further growth in the years ahead as consumer shopping habits continue to shift online. For years prior to Covid, ecommerce penetration as a percentage of overall retail would grow 1-2% annually, but in 2020 adoption accelerated by 5%, reaching 25%, as increased emphasis on convenience drove consumers to structurally buy more online. Online RetailĬonsumers ever rising demand for convenience, selection, and speed are secular engines underpinning ecommerce adoption. Launched in 2003 by software engineers Michael Mente and Mike Karanikolas, Revolve Group (NASDAQ: RVLV) is a next generation fashion retailer that leverages social media and a community of fashion influencers to drive its merchandising strategy. "We achieved a key 2023 objective of rebalancing our inventory as the spread between our year-over-year inventory and sales trends was favorable in the third quarter for the first time in more than two years," said co-founder and co-CEO Mike Karanikolas. Trailing 12 months Active Customers : 2.51 million, up 261 thousand year on year Gross Margin (GAAP): 51.7%, down from 53% in the same quarter last year ![]() Revenue: $257.6 million vs analyst estimates of $253.7 million (1.52% beat)ĮPS: $0.04 vs analyst estimates of $0.10 (-$0.06 miss)įree Cash Flow of $11.5 million is up from -$15.1 million in the previous quarter Is now the time to buy Revolve? Find out by accessing our full research report, it's free. Turning to EPS, Revolve made a GAAP profit of $0.04 per share, down from its profit of $0.16 per share in the same quarter last year. Online fashion retailer Revolve Group (NASDAQ: RVLV) reported Q3 FY2023 results beating Wall Street analysts' expectations, with revenue down 4.13% year on year to $257.6 million. Revolve's (NYSE:RVLV) Q3 Sales Top Estimates But Stock Drops
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