Revolve Group Stock Price, News & Analysis

Revolve Group (NYSE: RVLV) announced robust financial results for Q3 2021, reporting record net sales of $244.1 million, a 62% increase year-over-year. Gross profit reached $134.5 million, with a gross margin of 55.1%. Although net income decreased by 14% to $16.7 million due to increased marketing investments, long-term growth remains strong, with significant increases in active customers and average order value. The company's cash position improved, reaching $221.6 million.

Revolve Group, Inc. (NYSE: RVLV) will release its third quarter financial results for the period ending September 30, 2021 after the market closes on November 3, 2021. A conference call will follow at 1:30 PM (PT) and 4:30 PM (ET), where investors can hear insights from the company. A financial highlights presentation will be available shortly after the call at investors.revolve.com.

Hims & Hers announced a strategic partnership with REVOLVE, allowing a diverse range of health and wellness products to be sold on REVOLVE.com. This collaboration targets Millennial and Generation Z consumers by offering affordable skincare, hair care, sleep supplements, and sexual health products. Both companies aim to enhance their brands' appeal in the consumer health and fashion sectors. This partnership follows Hims & Hers' role as the exclusive wellness partner at REVOLVE's New York Fashion Week events, further solidifying their joint brand outreach.

FORWARD, a luxury fashion destination under REVOLVE Group (NYSE: RVLV), has appointed Kendall Jenner as its new Creative Director. This partnership aims to enhance the online shopping experience by focusing on emerging designers and innovative trends. Jenner's role includes curating the website's offerings and initiating marketing strategies, commencing during New York Fashion Week in September 2021. The collaboration is expected to boost brand appeal and connect with the next-generation luxury consumer, reflecting REVOLVE's commitment to excellence in fashion.

REVOLVE Group, Inc. (NYSE: RVLV) announces the launch of DUNDAS x REVOLVE, an exclusive ready-to-wear collaboration with luxury fashion house DUNDAS. The collection, which includes dresses, accessories, and shoes, will debut at New York Fashion Week on September 8, 2021, and will be available for purchase on www.revolve.com. Co-founders Michael Mente and Mike Karanikolas express their excitement about showcasing at the fashion week, highlighting the collection's unique, body-conscious designs aimed at Millennial and Gen Z consumers.

Revolve Group (NYSE: RVLV) reported exceptional second quarter 2021 results, with net sales reaching $228.6 million, a 60% increase year-over-year and a 41% rise compared to Q2 2019. The company achieved a record net income of $31.5 million, or $0.42 per diluted share, surpassing previous years by over 100%. The FORWARD segment saw remarkable growth of 151%. Operating cash flow was $33.3 million, showing strong liquidity with cash and equivalents of $219.6 million. However, net cash from operations declined 38% year-over-year, reflecting increased inventory investments.

Revolve Group, Inc. (NYSE: RVLV), a fashion retailer for Millennials and Generation Z, will present at the KeyBanc Technology Leadership Forum on August 11, 2021, at 4:00 p.m. ET. A live webcast will be available on their investor relations website, with a replay option after the presentation. Founded in 2003 by co-CEOs Michael Mente and Mike Karanikolas, Revolve features two segments: REVOLVE, offering premium apparel and accessories, and FORWARD, showcasing luxury brands. The company is known for its engaging customer experience and strong community of consumers and influencers.

Revolve Group, Inc. (NYSE: RVLV) will announce its Q2 2021 financial results on August 4, 2021, after market close. A conference call is scheduled for the same day at 1:30 PM PT / 4:30 PM ET. Financial highlights will be available post-announcement on their investor relations website. The company aims to connect with Millennial and Generation Z consumers through curated fashion offerings, enhancing their market presence.

Revolve Group, Inc. (NYSE: RVLV) will join the Russell 3000 Index effective June 28, 2021, as confirmed in a preliminary list. This inclusion enhances the firm's market visibility and is beneficial for attracting institutional investors. The CFO highlighted that Revolve experienced record profitability and cash flows in 2020 and has returned to strong growth in Q1 2021 as economies reopen. Russell indexes serve as critical benchmarks for approximately $10.6 trillion in assets, providing increased exposure for the company within the investment community.