RVLV - Revolve Group Inc. (RVLV) Q1 2024 Earnings Call Transcript
2024-05-08 01:39:09 ET
Revolve Group, Inc. (RVLV)
Q1 2024 Earnings Conference Call
May 07, 2024, 16:30 PM ET
Company Participants
Erik Randerson - Vice President, Investor Relations
Mike Karanikolas - Co-Founder and Co-Chief Executive Officer
Michael Mente - Co-Founder and Co-Chief Executive Officer
Jesse Timmermans - Chief Financial Officer
Conference Call Participants
Michael Binetti - Evercore
Oliver Chen - TD Cowen
Jay Sole - UBS
Mark Altschwager - Baird
Anna Andreeva - Needham
Janine Stichter - BTIG
Simeon Siegel - BMO Capital Markets
Rick Patel - Raymond James
Presentation
Operator
Good afternoon. My name is Jael, and I will be your conference operator today. At this time, I would like to welcome everyone to the Revolve's First Quarter 2024 Results Conference Call. All lines have been placed on mute to prevent any background noise. After the speaker's remarks, there will be a question-and-answer session. [Operator Instructions] Thank you.
At this time, I'd like to turn the conference over to Erik Randerson, Vice President of Investor Relations at Revolve. Thank you. You may begin.
Erik Randerson
Good afternoon, everyone, and thanks for joining us to discuss Revolve’s first quarter 2024 results.
Before we begin, I would like to mention that we have posted a presentation containing Q1 financial highlights to our Investor Relations website located at investors.revolve.com. I would also like to remind you that this conference call will include forward-looking statements, including statements related to our future growth, our inventory balance, our key priorities and operating initiatives, industry trends, our marketing events, our partnerships, our physical retail stores, and our outlook for net sales, gross margin, operating expenses, and effective tax rate.
These statements are subject to various risks, uncertainties and assumptions that could cause our actual results to differ materially from these statements, including the risks mentioned in this afternoon’s press release as well as other risks and uncertainties disclosed under the caption Risk Factors and elsewhere in our filings with the Securities and Exchange Commission, including, without limitation, our annual report on Form 10-K for the year ended December 31, 2023, and our subsequent quarterly reports on Form 10-Q, all of which can be found on our website at investors.revolve.com. We undertake no obligation to revise or update any forward-looking statements or information except as required by law.
During our call today, we will also reference certain non-GAAP financial information, including adjusted EBITDA and free cash flow. We use non-GAAP measures in some of our financial discussions, as we believe they provide valuable insights on our operational performance and underlying operating results. The presentation of this non-GAAP financial information is not intended to be considered in isolation or as a substitute for, or superior to, the financial information prepared and presented in accordance with GAAP, and our non-GAAP measures may be different from non-GAAP measures used by other companies. Reconciliations of non-GAAP measures to GAAP measures, as well as the definitions of each measure, their limitations and our rationale for using them, can be found in this afternoon’s press release and in our SEC filings....
Revolve Group, Inc. (RVLV) Q1 2024 Earnings Call Transcript