Welcome to our dedicated page for Revolve Group news (Ticker: RVLV), a resource for investors and traders seeking the latest updates and insights on Revolve Group stock.
Revolve Group, Inc. (NYSE: RVLV) is frequently in the news as a next-generation fashion retailer focused on Millennial and Generation Z consumers. Company announcements highlight its role as a premium lifestyle brand and online destination for discovery and inspiration in apparel, footwear, accessories, beauty, and, in some descriptions, home products.
News coverage for RVLV often centers on business updates across its two segments, REVOLVE and FWRD. Earnings releases provide detail on net sales, gross profit, gross margin, active customers, and other operating metrics, as well as commentary on initiatives such as international expansion, development of owned brands, AI technology, and physical retail concepts.
Revolve’s news flow also includes product and brand stories. Examples from recent releases include the launch of SRG, an in-house brand created with Sofia Richie Grainge, and the expansion of the company’s in-house brand portfolio. FWRD-related news has covered its positioning in the luxury space, including leadership appointments and partnerships with iconic and emerging luxury designers.
Operational and strategic developments are another theme in RVLV news. The company has announced collaborations around AI-powered styling and visualization tools designed to enhance product discovery and personalization on its e-commerce site. It has also reported on physical retail initiatives, such as the opening of a permanent store at The Grove in Los Angeles that showcases assortments from both REVOLVE and FWRD.
Investors and followers of Revolve Group can use the news feed to track quarterly financial results, segment performance, brand launches, technology partnerships, and updates on the company’s evolving retail footprint.
Revolve Group, Inc. (NYSE: RVLV) announced its participation in two virtual investor conferences this December. The company will present at the Morgan Stanley Global Consumer and Retail Conference on December 1, 2020, at 4:00 p.m. ET, and at the Barclays Global Technology, Media and Telecommunications Conference on December 9, 2020, at 1:30 p.m. ET. Live webcasts of these presentations will be accessible on their investor relations website, with replays available for a limited time afterwards. Revolve is a leading fashion retailer catering to Millennial and Generation Z consumers.
Revolve Group, Inc. (RVLV) reported Q3 2020 financial results, with net income of $19 million, up 103% year-over-year. Despite a 2% decline in net sales to $151 million, gross profit increased by 1% to $83.5 million, achieving a gross margin of 55.3%, the highest for a third quarter. Adjusted EBITDA rose 66% to $24 million. Operating cash flow reached $14 million, reflecting strong operational efficiency. International sales grew 18% YoY, while beauty products saw over 100% sales growth. However, a decline in average order value by 16% and a projected sales dip in October raise concerns.
Revolve Group, Inc. (NYSE: RVLV) announced that it will release its financial results for the third quarter, ending September 30, 2020, on November 11, 2020, post-market. This will be followed by a conference call at 1:30 PM (PT) / 4:30 PM (ET). Investors can access a Q3 financial highlights presentation at investors.revolve.com. The call can be joined via toll-free numbers provided for both domestic and international callers.
Revolve Group, Inc. (NYSE: RVLV) has enhanced its service levels in Canada, marking a significant improvement in customer experience. Now, Canadian customers enjoy free returns, including refunds of all duties and taxes, alongside all-inclusive pricing that avoids unexpected costs at checkout. Additionally, 2-day express shipping is now offered, enhancing delivery speed. These upgrades reflect Revolve's strategy to boost customer interest and retention in key international markets, following similar successes in the UK and Australia.