NYSE$RVLV

Revolve Group Inc · Q4 2023 earnings

Q4 2023 earnings · · Investor relations

Briefing

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.

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.

Headline financials

Total Revenue

$258M

Previous: $259M-0.5%
EPS (adj)

$0.05

Previous: $0.11-54.5%
Capital Expenditures

-$1.08M

Previous: $1.26M-185.8%
Free Cash Flow

-$4.96M

Previous: -$12.3M+59.6%
Net Income

$3.49M

Previous: $7.87M-55.6%
Operating Income

$2.2M

Previous: $10.7M-79.4%
Gross Profit

$134M

Previous: $133M+0.6%
Stock-Based Comp

$1.61M

Previous: $1.45M+10.9%

Revenue & EPS history

Revolve · Revenue · Quarterly

$258M

Q4 2023-0.5%vs Q4 2022
Beat estimate in 11 of 15 quarters(73%)
ActualEstimate

Revenue by segment

Revolve · $218M total across 1 segment · Q3 2023

  • REVOLVE Segment
    $218M-2.0%

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.

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 Q4 2023

Historical avgQ4 2023

-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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