Revolve Group Stock Price, News & Analysis

Revolve Group, Inc. (NYSE: RVLV) has appointed Oana Ruxandra to its board of directors, effective immediately. Ruxandra, currently Chief Digital Officer at Warner Music Group, brings vast experience in digital partnerships and revenue growth from emerging platforms. She succeeds Hadley Mullin, who resigned on January 13, 2022, after a decade of service. Ruxandra's expertise in digital channels is expected to propel Revolve's growth strategies as the company optimizes its engagement with Millennial and Generation Z consumers.

Revolve Group, Inc. (NYSE: RVLV) has launched a new Brand Ambassador program aimed at enhancing its influencer marketing strategy. This initiative allows everyday customers to act as brand ambassadors, earning commissions and exclusive perks like early access to new brands and participation in events. The program has already recruited over 3,000 members, generating significant traffic and incremental sales for the company. Ambassadors can create personalized storefronts, linking directly to social channels for sales. This program positions Revolve as a key player in social commerce, leveraging data and community engagement.

Revolve Group (NYSE: RVLV), a leading fashion retailer for Millennial and Generation Z consumers, announced its participation in several upcoming investor conferences. These include the Credit Suisse Technology Conference on November 30, 2021, the Morgan Stanley Virtual Global Consumer & Retail Conference on December 2, 2021, and the Barclays Global Technology, Media and Telecommunications Conference on December 7, 2021. Live webcasts will be available on the company's investor relations website, and replays will be accessible for a limited time.

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.