RVLV - Revolve Group slumps 16% on Q4 results

Revolve Group (NYSE:RVLV) Q4 shows revenue surge of 70% to $239.8M, beats consensus by $17.75M. REVOLVE segment net sales were $200M, up 68% Y/Y; FWRD segment net sales were $39.8M, up 83% Y/Y; Domestic net sales increased 80% Y/Y, while international increased 34% Y/Y. Accelerated growth in active customers was a key driver of our strong results, highlighted by record quarterly growth of 162,000 active customers. Gross margin was 54.8%, a Y/Y decrease of 116 basis points. Adjusted EBITDA was $34.2M, a Y/Y increase of 82%. Net income was $29.4M, up 55% Y/Y. FY Active customers +25% Y/Y to 1.84M. FY Total orders placed +72% Y/Y to 1.755M. FY Average order value +14% Y/Y to $292. “Our exceptional fourth quarter results demonstrate the power of our brands and our connection with the next generation consumer, highlighted by further acceleration of our net sales growth to 70% over the prior year and

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Revolve Group slumps 16% on Q4 results