RVLV - Revolve Group GAAP EPS of $0.11 beats by $0.01 revenue of $259.15M beats by $18.74M
- Revolve Group press release ( NYSE: RVLV ): Q4 GAAP EPS of $0.11 beats by $0.01 .
- Revenue of $259.15M (+8.1% Y/Y) beats by $18.74M .
- Adjusted EBITDA was $14.1 million, a year-over-year decrease of 59%.
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Additional Full Year 2022 Metrics and Results Commentary
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Total net sales were $1.1 billion, a year-over-year increase of 24%. 2022 is the first year we have surpassed the milestone of generating $1 billion in net sales annually.
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Gross margin was 53.8%, a year-over-year decrease of 117 basis points.
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Net income was $58.7 million, a year-over-year decrease of 41%, a comparison that was impacted by the lower gross margin referenced above, an increase in operating expenses that outpaced sales growth year-over-year and the meaningful differences in our effective tax rate.
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Adjusted EBITDA was $90.2 million, a year-over-year decrease of 21%.
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Revolve Group GAAP EPS of $0.11 beats by $0.01, revenue of $259.15M beats by $18.74M