NYSE$RVLV

Revolve Group Inc · Q3 2022 earnings

Q3 2022 earnings · · Investor relations

Briefing

Delivered a profitable quarter with double-digit growth in net sales.

Revolve Group, Inc. announced financial results for Q3 2022, reporting double-digit growth in net sales despite macroeconomic challenges. The company also saw meaningful growth in cash flow year-over-year and has a strong balance sheet.

  • Net sales increased by 10% year-over-year.
  • Active customers increased by 34% year-over-year.
  • Net income decreased by 28% year-over-year.
  • Free cash flow increased 543% year-over-year.

Headline financials

Total Revenue

$269M

Previous: $244M+10.1%
EPS (adj)

$0.16

Previous: $0.22-27.3%
Gross Margin

53.0%

Previous: 55.1%-3.8%
Active Customers

2.2K

Previous: 1.7M-99.9%
Total Orders Placed

2.0K

Previous: 1.8M-99.9%
Average Order Value

$320.00

Previous: $276.00+15.9%
Capital Expenditures

-$3.9M

Previous: -$1.77M-120.8%
Free Cash Flow

$8.08M

Previous: $14.9M-45.7%
Net Income

$12M

Previous: $16.7M-28.1%
Operating Income

$14.8M

Previous: $19.2M-23.2%
Gross Profit

$142M

Previous: $134M+5.9%
Cash & Equivalents

$244M

Previous: $222M+10.1%
Total Assets

$587M

Previous: $449M+30.6%
Stock-Based Comp

$1.52M

Previous: $1.34M+14.1%

Revenue & EPS history

Revolve · Revenue · Quarterly

$269M

Q3 2022+10.1%vs Q3 2021
Beat estimate in 11 of 15 quarters(73%)
ActualEstimate

Revenue by segment

Revolve · $222M total across 1 segment · Q3 2022

  • REVOLVE Segment
    $222M+8.7%

Forward guidance

Net sales in October 2022 increased approximately 3% year-over-year amidst an increasingly uncertain macroenvironment highlighted by meaningful inflationary pressures and foreign exchange headwinds due to significant appreciation of the U.S. dollar against foreign currencies in recent months, and against a more elevated prior-year comparison than we faced in the first nine months of 2022.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q3 2022

Historical avgQ3 2022

-0.5%

Avg return

Earnings day

-2.1%

Avg return

5 days after

-4.7%

Avg return

30 days after

38%

12 / 32 earnings

Positive

+31.7%

Q3 2024

Best reaction

-19.3%

Q4 2017

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026+0.0%-11.0%-17.6%
Q4 2025-5.4%-7.0%-15.4%
Q3 2025+12.2%+10.9%+30.0%
Q1 2025-9.6%+4.5%+17.6%
Q4 2024-5.0%-11.7%-21.4%
Q3 2024+31.7%+24.5%+43.1%
Q2 2024+30.8%+26.2%+21.2%
Q1 2024+4.6%+2.9%-13.5%
Q4 2023+25.8%+33.9%+24.7%
Q3 2023-2.9%-3.1%+5.9%
Q2 2023-7.5%-6.7%-21.3%
Q1 2023-7.8%-8.1%-17.6%
Q4 2022+1.1%+6.3%-1.2%
Q3 2022-3.4%-11.3%+20.5%
Q2 2022-8.2%+2.7%-19.1%
Q1 2022-16.0%-25.0%-29.6%
Q4 2021-1.6%-9.7%+3.4%
Q3 2021+6.2%+12.5%-9.0%
Q2 2021-17.4%-11.1%-17.8%
Q1 2021+9.8%-5.3%+6.7%
Q4 2020+8.3%+25.8%+20.4%
Q3 2020-3.8%-4.5%+10.2%
Q2 2020+27.6%+17.2%-4.8%
Q1 2019-8.4%-6.9%+3.2%
Q1 2020+3.0%-6.8%+4.3%
Q4 2017-19.3%-18.4%-57.0%
Q4 2019-11.0%-13.6%-51.3%
Q3 2019-16.9%-21.1%-14.9%
Q3 2018-16.9%-21.1%-14.9%
Q4 2018-1.4%-9.3%-4.1%
Q2 2018-1.4%-9.3%-4.1%
Q2 2019-12.9%-14.1%-25.9%
Q1 2018
Q3 2017
Q2 2017
Q1 2017

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