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) 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
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.