RVLV - Revolve Group GAAP EPS of $0.19 beats by $0.05 revenue of $279.61M misses by $10.53M
2023-05-03 16:43:43 ET
- Revolve Group press release ( NYSE: RVLV ): Q1 GAAP EPS of $0.19 beats by $0.05 .
- Revenue of $279.61M (-1.4% Y/Y) misses by $10.53M .
- Active customers increased by 84,000 during the first quarter of 2023, growing to 2,424,000 as of March 31, 2023, an increase of 19% year-over-year.
- Gross margin was 49.8%, a year-over-year decrease of 468 basis points.
- Adjusted EBITDA was $15.0 million, a year-over-year decrease of 52%.
- REVOLVE segment net sales were $231.7 million, a year-over-year decrease of 3%.
- FWRD segment net sales were $48.0 million, a year-over-year increase of 5%.
- Domestic net sales decreased 5% year-over-year and international net sales increased 16% year-over-year.
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Revolve Group GAAP EPS of $0.19 beats by $0.05, revenue of $279.61M misses by $10.53M