The chart below shows how RVLV performed 10 days before and after its earnings report, based on data from the past quarters. Typically, RVLV sees a +1.86% change in stock price 10 days leading up to the earnings, and a +9.76% change 10 days following the report. On the earnings day itself, the stock moves by -0.83%. This data can give you a slight idea of what to expect for the next quarter's release.
Positive
Net Sales Increase: Net sales were $283 million, a year-over-year increase of 10%.
Segment Sales Performance: Revolve Segment net sales increased 12% and FWRD Segment net sales were essentially flat year-over-year.
Sales Growth Overview: Domestic net sales increased 7% year-over-year and international net sales increased 20% year-over-year.
Active Customer Growth: Active customers grew to 2.6 million, an increase of 5% year-over-year.
Net Income Surge: Net income grew significantly to $11 million, or $0.15 per diluted share, from $3 million, or $0.04 per diluted share, in the third quarter of 2023.
Negative
Net Sales Increase: N e t s a l e s w e r e $ 2 8 3 m i l l i o n , a n i n c r e a s e o f 1 0 % y e a r - o v e r - y e a r , d r i v e n b y i m p r o v e d y e a r - o v e r - y e a r t r e n d s a c r o s s b o t h s e g m e n t s a n d g e o g r a p h i e s r e l a t i v e t o o u r c o m p a r i s o n s i n t h e s e c o n d q u a r t e r o f 2 0 2 4 .
Revolve Segment Sales Growth: N e t s a l e s i n t h e R e v o l v e S e g m e n t i n c r e a s e d 1 2 % y e a r - o v e r - y e a r , o u r b e s t p e r f o r m a n c e i n m o r e t h a n t w o y e a r s .
Net Sales Improvement: N e t s a l e s i n t h e F W R D S e g m e n t a l s o i m p r o v e d t o n e a r l y f l a t y e a r - o v e r - y e a r , h e l p e d b y a s o l i d e x i t r a t e t h a t h a s c o n t i n u e d i n t h e m o n t h o f O c t o b e r .
Fashion Sales Growth: N e t s a l e s i n t h e F a s h i o n A p p a r e l a n d D r e s s e s c a t e g o r i e s r e b o u n d e d s t r o n g l y t o 1 3 % a n d 1 0 % y e a r - o v e r - y e a r g r o w t h , r e s p e c t i v e l y , s e r v i n g a s k e y c o n t r i b u t o r s t o o u r g r o w t h r e a c c e l e r a t i o n .
Gross Margin Decline: C o n s o l i d a t e d g r o s s m a r g i n w a s 5 1 . 2 % , a d e c r e a s e o f 5 6 b a s i s p o i n t s y e a r - o v e r - y e a r .
Revolve Group, Inc. (RVLV) Q3 2024 Earnings Call Transcript
RVLV.N
-2.45%