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 (RVLV), a leader in next-generation fashion retail, provides investors and industry observers with critical updates through this centralized news hub. Track official press releases, financial disclosures, and strategic developments from the company behind the REVOLVE and FWRD platforms.
This resource delivers real-time access to earnings announcements, partnership agreements, product launches, and retail expansion updates. Investors will find curated information on inventory innovations, digital commerce initiatives, and leadership changes impacting RVLV's market position.
Content spans quarterly financial results, brand collaborations, experiential retail openings, and technology integrations. The collection serves as a definitive source for understanding Revolve Group's operational milestones within the competitive luxury e-commerce sector.
Bookmark this page for streamlined monitoring of RVLV's evolving business strategy and market performance. Regular updates ensure stakeholders maintain informed perspectives on this innovative fashion retailer's trajectory.
Revolve Group (RVLV) reported strong Q3 2024 financial results with net sales increasing 10% to $283.1 million and net income surging 238% to $10.8 million. The company achieved significant improvements in operational efficiency, with Adjusted EBITDA growing 85% to $17.5 million. Key metrics showed positive trends with active customers up 5% to 2.63 million and average order value increasing 1% to $303. The REVOLVE segment grew 12% while international sales rose 20%. However, free cash flow decreased 46% to $6.2 million, and gross margin slightly declined to 51.2%.
Revolve Group (RVLV) announces the opening of its exclusive REVOLVE Holiday Shop at The Grove in Los Angeles, operating from November 14th through January 4th. The temporary retail space will feature holiday apparel, accessories, and gifts, including a FWRD Shop-in-Shop with luxury designer brands and vintage pieces. The location will host rotating activations from in-house brands like HELSA and L'Academie, along with exclusive brand partners such as Alexander Wang. The shop will include experiential elements like meet-and-greets and workshops, plus a dedicated Happy Returns bar for convenient in-person returns.
Revolve Group (RVLV) has launched BELLEMINT, a mobile fashion styling game, in the U.S. through a partnership with Muus Collective and Griffin Gaming Partners. The game integrates REVOLVE and FWRD's brand portfolios into an immersive shopping experience. Players, known as Stylists, can explore collections from popular brands, create looks, customize avatars, and participate in daily styling challenges. The game offers a 20% discount on REVOLVE purchases when players reach new stylist levels. Initial launches in Canada, Australia, and New Zealand showed high engagement, with users spending an average of 30 minutes daily styling and shopping. The platform aims to merge virtual fashion with real-world shopping while promoting inclusivity through diverse avatar customization options.
Revolve Group, Inc. (NYSE: RVLV) has announced that it will release its third quarter 2024 financial results on Tuesday, November 5, 2024, after the market close. This will be followed by a conference call at 1:30 PM (PT) / 4:30 PM (ET) on the same day. The company will also make available a Q3 2024 financial highlights presentation on their investor relations website shortly after the release of the financial results.
For those interested in participating, the conference call details are provided, including toll-free and direct dial numbers for both domestic and international callers. A replay of the call will be available for approximately one hour after its completion until November 12, 2024. Additionally, a webcast replay will be available for a time immediately following the call.
REVOLVE, a fashion retailer for Millennial and Gen Z consumers, has announced JEON SOMI as its first-ever global brand ambassador. The South Korean-Canadian K-Pop artist will merge music and fashion in this collaboration, expanding REVOLVE's global presence and Gen Z fanbase. The partnership kicks off with a 90s-chromatic-inspired campaign featuring JEON SOMI, accompanied by a curated edit on REVOLVE showcasing her style.
The collaboration includes a custom look created for the JEON SOMI x REVOLVE campaign. JEON SOMI will also collaborate on creative marketing campaigns, social content, and special appearances. The campaign and curated edit will debut on October 17, 2024, exclusively at REVOLVE.COM, with retail prices ranging from $125 to $1,790.
Revolve Group, a leading fashion retailer for Millennials and Gen Z, is set to present at the Piper Sandler Growth Frontiers Conference on Tuesday, September 10, 2024 at 11:30 a.m. ET / 8:30 a.m. PT. This event marks an important opportunity for investors and industry analysts to gain insights into the company's strategies and performance.
A live webcast of the presentation will be accessible through the 'Events and Presentations' section of Revolve Group's investor relations website. For those unable to attend in real-time, a replay option will be available for a period following the live presentation, ensuring wide accessibility to this important corporate event.
Revolve Group (NYSE: RVLV) reported strong Q2 2024 results, with net sales up 3% to $282.5 million and net income more than doubling to $15.4 million. Key highlights include:
- Active customers grew 5% YoY to 2.58 million
- Gross margin steady at 54.0%
- Diluted EPS increased 110% to $0.21
- REVOLVE segment sales up 4%, FWRD segment down 4%
- International sales grew 13%
The company cited improved marketing efficiency and lower logistics costs as major contributors. Revolve Group maintains a strong balance sheet with $244.7 million in cash and no debt. For Q3 2024, the company expects gross margin of 52.3% to 52.5% and marketing expenses at 15.2% of net sales.
Revolve Group, Inc. (NYSE: RVLV) has announced it will release its second quarter 2024 financial results on August 6, 2024, after market close. This will be followed by a conference call at 1:30 PM (PT) / 4:30 PM (ET) on the same day. The company will also make available a Q2 2024 financial highlights presentation on its investor relations website.
The live conference call can be accessed via toll-free number (888) 596-4144 for domestic callers or (646) 968-2525 for international callers, using Conference ID: 2756104. A replay will be available for approximately one hour after the call until August 13, 2024. Additionally, a webcast replay will be available for a time immediately following the call.
On June 25, 2024, REVOLVE Group (NYSE: RVLV) announced the acquisition of a majority stake in the luxury fashion brand Alexandre Vauthier. This strategic move aims to differentiate REVOLVE in the high-end fashion market. By combining REVOLVE's marketing prowess and operational excellence with Vauthier's haute couture craftsmanship, the partnership seeks to elevate both brands within the luxury fashion landscape.
The acquisition will involve the formation of a new entity, with REVOLVE investing 6 million euros over three years. The collaboration will debut with an exclusive dinner during Paris Fashion Week, followed by the launch of Vauthier's creations on FWRD and AlexandreVauthier.com in the fall, and a show during Paris Couture Week in January 2025.
Revolve Group (RVLV) announces the opening of its first permanent retail store in Aspen, Colorado, following a successful pop-up experience. The store, located in Aspen's shopping district, will offer a year-round, immersive shopping experience featuring collections from REVOLVE and FWRD brands. The new location will showcase apparel, footwear, and accessories, including exclusive products. This move aligns with REVOLVE's strategy to blend online and offline shopping experiences. The Aspen store aims to deepen brand partnerships and engage with a high-end, affluent community.
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