Revolve Group, Inc. (NYSE:RVLV) Q3 2024 Earnings Conference Call November 5, 2024 4:30 PM ET Company Participants Erik Randerson - Vice President, Investor Relations Mike Karanikolas - Co-Founder and Co-Chief Executive Officer Michael Mente - Co-Founder and Co-Chief Executive Officer Jesse Timmermans - Chief Financial Officer Conference Call Participants Oliver Chen - TD Cowen Anna Andreeva - Piper Sandler Nathan Feather - Morgan Stanley Michael Binetti - Evercore Mark Altschwager - Baird Matt Koranda - ROT ...

REVOLVE Q3 2024 Financial Highlights November 5, 2024 PAGE 2 Note on Forward-Looking Statements This presentation contains "forward-looking statements" within the meaning of U.S. federal securities laws. Forward-looking statements include all statements that are not historical facts and can be identified by terms such as "anticipate," "believe," "contemplate," "continue," "could," "estimate," "expect," "intend," "may," "plan," "potential," "predict," "project," "should," "target," "will," "would," or simila ...

For the quarter ended September 2024, Revolve Group (RVLV) reported revenue of $283.15 million, up 9.9% over the same period last year. EPS came in at $0.15, compared to $0.04 in the year-ago quarter.The reported revenue compares to the Zacks Consensus Estimate of $270.13 million, representing a surprise of +4.82%. The company delivered an EPS surprise of +66.67%, with the consensus EPS estimate being $0.09.While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall ...

Revolve Group (RVLV) came out with quarterly earnings of $0.15 per share, beating the Zacks Consensus Estimate of $0.09 per share. This compares to earnings of $0.04 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 66.67%. A quarter ago, it was expected that this online women's fashion retailer would post earnings of $0.12 per share when it actually produced earnings of $0.21, delivering a surprise of 75%.Over the last four qua ...

Financial Performance - Gross margin for the three months ended September 30, 2024, was 51.2%, compared to 51.7% for the same period in 2023[89] - Adjusted EBITDA for the three months ended September 30, 2024, was $17,503 thousand, up from $9,484 thousand in the same period in 2023[89] - Free cash flow for the three months ended September 30, 2024, was $6,171 thousand, compared to $11,492 thousand for the same period in 2023[89] - Net cash provided by operating activities for the three months ended September 30, 2024, was $9,052 thousand, down from $12,486 thousand in the same period in 2023[98] - Total net sales for the three months ended September 30, 2024, were $283.1 million, an increase of $25.5 million from $257.6 million in the same period of 2023[132] - Net sales for the nine months ended September 30, 2024, increased by 3.1% to $836.2 million compared to $810.9 million in the same period in 2023[140] - Income before income taxes was $49.8 million for the nine months ended September 30, 2024, compared to $32.9 million for the same period in 2023, representing a significant increase[148] Customer Engagement - Active customers increased to 2,628 thousand for the three months ended September 30, 2024, from 2,510 thousand in the same period in 2023[89] - Total orders placed for the three months ended September 30, 2024, were 2,200 thousand, compared to 2,133 thousand in the same period in 2023[89] - Average order value for the three months ended September 30, 2024, was $303, up from $299 in the same period in 2023[89] - Active customers increased during the period ended September 30, 2024, compared to the same period in 2023, driven by enhanced engagement and new customer acquisition[99] - Total orders placed increased in the three months ended September 30, 2024, compared to the same period in 2023, reflecting improved customer engagement[101] Sales and Revenue Breakdown - REVOLVE segment net sales for the three months ended September 30, 2024, were $243.4 million, an increase of 11.8% compared to $217.7 million in the same period of 2023[115] - FWRD segment net sales for the three months ended September 30, 2024, were $39.7 million, a decrease of 0.5% compared to $39.9 million in the same period of 2023[116] - Net sales to customers in the United States for the three months ended September 30, 2024, were $222.7 million, representing a 7.5% increase from $207.2 million in the same period of 2023[117] - Net sales to customers outside of the United States for the three months ended September 30, 2024, were $60.5 million, an increase of 20.0% compared to $50.4 million in the same period of 2023[118] Cost and Expenses - Cost of sales as a percentage of net sales for the three months ended September 30, 2024, was 48.8%, slightly up from 48.3% in the same period of 2023[131] - Cost of sales increased by 11.2% to $138.3 million for the three months ended September 30, 2024, representing 48.8% of net sales, up from 48.3% in the same period in 2023[134] - Fulfillment expenses were relatively flat at $9.3 million for the three months ended September 30, 2024, accounting for 3.3% of net sales, down from 3.6% in the same period in 2023[135] - Selling and distribution expenses decreased by 2.0% to $47.9 million for the three months ended September 30, 2024, representing 16.9% of net sales, down from 19.0% in the same period in 2023[136] - General and administrative expenses decreased by 3.7% to $33.9 million for the three months ended September 30, 2024, accounting for 12.0% of net sales, down from 13.7% in the same period in 2023[138] Strategic Initiatives - The company has invested in technology and data analytics to enhance customer experience and optimize inventory management[82] - The company plans to continue expanding its international presence while maintaining focus on the core U.S. market[87] - The logistics infrastructure supports free shipping and returns in the U.S., optimizing inventory allocation and reducing fulfillment expenses[86] - The company emphasizes a product mix that includes emerging and owned brands to minimize overlap with competitors and enhance marketing efficiency[81] - The company plans to open additional physical stores and conduct in-person events to enhance customer engagement and brand awareness[107] - The company utilizes a data-driven approach for inventory management, which allows for better alignment with customer demand and trends[112] Economic Factors - Economic factors such as inflation, employment rates, and consumer confidence significantly impact the company's performance and customer spending[104] - The company continues to monitor inflation impacts and is implementing strategies to mitigate its effects, which may affect product demand[164] Cash Flow and Financing - Cash and cash equivalents as of September 30, 2024, were $252.8 million, an increase from $245.4 million as of December 31, 2023[149] - Working capital increased to $369.0 million as of September 30, 2024, compared to $339.0 million at the end of 2023[149] - Net cash provided by operating activities was $22.8 million for the nine months ended September 30, 2024, down from $47.2 million for the same period in 2023[159] - Net cash used in investing activities was $7.0 million for the nine months ended September 30, 2024, compared to $3.1 million in 2023[161] - Net cash used in financing activities was $11.0 million for the nine months ended September 30, 2024, compared to $12.1 million in 2023, primarily due to share repurchases[162] - The company has a line of credit providing up to $75.0 million in revolver borrowings, with no borrowings outstanding as of September 30, 2024[152] - A stock repurchase program of up to $100 million was authorized in August 2023, with repurchases based on market conditions[155]

Exhibit 99.1 REVOLVE Revolve Group Announces Third Quarter 2024 Financial Results Los Angeles, CA – November 5, 2024 - Revolve Group, Inc. (NYSE: RVLV), the next-generation fashion retailer for Millennial and Generation Z consumers, today announced financial results for the third quarter ended September 30, 2024. | --- | --- | --- | --- | --- | --- | |-------------------------------------------------------|-------|------------------------|---------------------|----------------------------------------------- ...

LOS ANGELES, Nov. 5, 2024 /PRNewswire/ -- Revolve Group, Inc. (NYSE: RVLV), the next-generation fashion retailer for Millennial and Generation Z consumers, today announced financial results for the third quarter ended September 30, 2024. Third Quarter 2024 Financial Summary Three Months Ended September 30, 2024 2023 YoY Change (in thousands, except percentages) Net sales $ 283,146 $ 257,603 10 % Gross profit $ 144,867 $ 133,232 9 % <td colspan="1" row ...

If you are looking for a stock that has a solid history of beating earnings estimates and is in a good position to maintain the trend in its next quarterly report, you should consider Revolve Group (RVLV) . This company, which is in the Zacks Textile - Apparel industry, shows potential for another earnings beat.When looking at the last two reports, this online women's fashion retailer has recorded a strong streak of surpassing earnings estimates. The company has topped estimates by 81.25%, on average, in th ...

LOS ANGELES, Oct. 18, 2024 /PRNewswire/ -- Revolve Group, Inc. (NYSE: RVLV) announced today that it will release financial results for the third quarter ended September 30, 2024, after the market close on Tuesday, November 5, 2024, followed by a conference call at 1:30 PM (PT) / 4:30 PM (ET) on the same day. Shortly following the release of its financial results, the company will make available a Q3 2024 financial highlights presentation at http://investors.revolve.com. Approximately one hour after the comp ...

LOS ANGELES, Aug. 29, 2024 /PRNewswire/ -- Revolve Group, Inc. (NYSE: RVLV), the next-generation fashion retailer for Millennial and Generation Z consumers, will present at the Piper Sandler Growth Frontiers Conference on Tuesday, September 10, 2024 at 11:30 a.m. ET / 8:30 a.m. PT. A live webcast of the presentation will be available within the "Events and Presentations" section of Revolve Group Inc.'s investor relations website at http://investors.revolve.com. The webcast will also be available for replay ...