Latest news with #Fwrd
Fibre2Fashion
5 days ago
- Business
- Fibre2Fashion
US' Revolve Q2 FY25 sales rise 9%, net income dips on one-off charges
American retailer Revolve Group has posted its second quarter (Q2) fiscal 2025 results, reporting a 9 per cent year-over-year (YoY) increase in net sales to $309 million, driven by growth in both Revolve and Fwrd segments. Gross profit also rose 9 per cent to $167.1 million, with gross margin improving slightly to 54.1 per cent, aided by a higher share of owned brand sales. The active customers rose 6 per cent to 2.74 million, with total orders placed growing 7 per cent. Despite these operational gains, net income fell 35 per cent to $10 million due to a swing in other income to a $2.9 million expense, higher foreign exchange losses, a $2.4 million non-cash charge from a subsidiary disposal, and an increased effective tax rate of 33.7 per cent. Revolve Group has reported a 9 per cent YoY rise in Q2 FY25 net sales to $309 million, with strong growth in both Revolve and Fwrd segments. Gross profit rose to $167.1 million, while net income dropped 35 per cent to $10 million. Adjusted EBITDA increased 12 per cent. The company raised its FY25 gross margin outlook and highlighted continued investment in AI, new brands, and retail expansion. Adjusted EBITDA improved 12 per cent YoY to $22.9 million, reflecting improved fulfilment and distribution efficiency. Diluted EPS dropped to $0.14 from $0.21 in Q2 FY24, Revolve said in a press release. The international net sales grew 17 per cent to $67.3 million, outpacing the 7 per cent growth in domestic sales. Cash and cash equivalents stood strong at $310.7 million, up 27 per cent YoY, with the company maintaining a debt-free balance sheet. Free cash flow for the quarter was $9.6 million. In Q2 FY25, the Revolve segment generated net sales of $268.4 million, marking a 9 per cent YoY increase. The Fwrd segment followed with $40.6 million in net sales, up 10 per cent. Domestically, sales reached $241.6 million, a 7 per cent rise, while international sales surged 17 per cent YoY to $67.3 million. 'This is our highest Adjusted EBITDA margin in three years, and our highest operating cash flow for any second quarter in the past four years,' said Mike Karanikolas co-founder and co-CEO at Revolve . 'I am especially proud of the team for delivering the strong second quarter results within such a volatile environment and amidst all the macro uncertainty surrounding tariff policy announcements in early April.' Looking ahead, Revolve expects gross margin for FY25 between 52.1 to 52.6 per cent—raised from the prior forecast of 50 to 52 per cent—while maintaining guidance for fulfilment, selling, and marketing expenses. The company also noted that July 2025 net sales grew approximately 7 per cent YoY. Revolve's Q3 FY25 guidance includes a gross margin between 51.2 and 51.7 per cent and G&A expenses of $38.5 million. 'Our ability to deliver profitable growth and market share gains in the second quarter, while at the same time continuing to invest in exciting long-term growth drivers, is a true reflection of the platform we have built, our operating excellence, and the team's ability to execute,' said Michael Mente, co-founder and co-CEO at Revolve . 'Importantly, our healthy cash flow generation gives us the capacity to continue to invest in exciting initiatives such as AI enhancements, developing new owned brands, physical retail exploration, and category expansion that collectively have the potential to accelerate our profitable growth and market share gains for years to come.' Fibre2Fashion News Desk (SG)
Yahoo
5 days ago
- Business
- Yahoo
Revolve's Q2 Sales Rise 9% as Customer Counts and Average Spend Both Rise
Revolve's bottom line took a tax-related hit in the second quarter, but the party-ready e-commerce company continued to show top-line growth. Revolve's second-quarter net income fell to $10 million from $15.4 million a year earlier, hit by the timing of certain tax items the company expected to record this quarter. More from WWD Ariana Greenblatt Curates '90s and Y2K-inspired Summer Collection With Revolve On Released a New Swiss-Inspired Sneaker Only Available at Revolve and Fwrd Halle Berry, Gabrielle Union, Jeannie Mai and More Stars Attend Oscars After Party Raising Funds for Eaton Wildfire Victims Still, diluted earnings per share of 13 cents came in 1 cent ahead of the 14 cents analysts had penciled in, according to Yahoo Finance. And adjusted earnings before interest, taxes, depreciation and amortization rose 12 percent to $22.9 million. Gross margins increased 4 basis points to 54.1 percent of sales, getting a boost from a higher mix of owned brands. Overall sales increased 9 percent to $309 million. Sales at the Revolve division also rose 9 percent to $268.4 million, while Fwrd was up 10 percent to $40.6 million. The company's top-line growth outpaced its active customer count, which rose to 2.7 million for the last 12 months, an increase of 6 percent. Cofounder and co-chief executive officer Mike Karanikolas told analysts on a conference call: 'Our customer base continues to increase and, on average, we are generating more revenue per active customer, helped by a lower return rate year-over-year in our successful efforts to capture a greater share of the consumer's wallet.' He also touted Revolve's international growth. While the business is still smaller abroad, at $67.3 million in sales in the quarter, that marked 17 percent growth. Michael Mente, cofounder and co-CEO, said the company — known for its high-profile events — is getting heard in a crowded market. 'Our brand-elevating Revolve Festival held in April set the tone for the second quarter by delivering significantly greater marketing impact of reduced spending year-over-year,' Mente said. 'Aspirational content from Revolve Festival in the Coachella Valley dominated social media feeds during the one-week period around our events.' Shares of Revolve rose 1.5 percent to $21 in after-hours trading on Tuesday. Best of WWD Harvey Nichols Sees Sales Dip, Losses Widen in Year Marred by Closures Nike Logs $1.3 Billion Profit, But Supply Chain Issues Persist Zegna Shares Start Trading on New York Stock Exchange
Vogue Singapore
27-05-2025
- Entertainment
- Vogue Singapore
New candles with sublime scents to elevate any ambience
There's nothing like a resplendent candle and its delicious aroma to completely transform the atmosphere of any space. Fortunately for us, a host of new candles with scents as sublime as their flacons have arrived. It's all about versatility this season. While our favourites share a portal to instant comfort in common, it's in a variety of ways. There's the striking boldness of Jo Malone's new Cypress & Grapevine candle, whilst Commune's Vetiveria Nox is an enveloping blend featuring vetivert and vanilla, designed with evening in mind. Then, wherever you find yourself on your travels this season, there's a candle for the climate. Should you be fortunate enough to enjoy a Northern summer, consider the sunny notes of Acqua di Parma's Ulivo candle, featuring bursts of blackcurrant alongside evoking the olive trees of Italy. Meanwhile, Van Cleef & Arpels' Les Mimosas D'Hiver pays homage to the winter-blooming mimosa flower through its comforting medley, as Tsu Lange Yor's TLY 5755 utilises native ingredients grown in brand founder Troye Sivan's Australian homeland. Alongside their stunning scents, this season's most notable candles are also exquisitely housed. Long after their wax is depleted, their flacons can be held on to and cherished. View Vogue Singapore's edit of the best new candle scents to note now, below… Courtesy of Jo Malone London 1 / 5 Jo Malone Cypress & Grapevine Candle Sharing the same potent blend as its namesake fragrance, this gorgeously housed candle is sure to make a bold impression. Here, notes of cypress trees, amber and grapevine mingle for a mixture that reads pure sensual warmth. Jo Malone Cypress & Grapevine Candle, $155, available at Tangs Courtesy of Van Cleef & Arpels 2 / 5 Van Cleef & Arpels Les Mimosas D'Hiver Scented Candle This enchanting candle is just as luxurious as you'd expect from Van Cleef & Arpels, better-known for bringing us some of the finest jewellery there is. Its warm scent draws its inspiration from the winter-blooming mimosa flower, melded with bergamot, amber and tonka bean for comforting brightness. Van Cleef & Arpels Les Mimosas D'Hiver Scented Candle, $135, available at Escentials Courtesy of Commune 3 / 5 Commune Vetiveria Nox Candle Invite in the complexity of Vetiveria Nox. Ideal for an evening ambience given its notable depth, light the wick to draw in notes of vetivert, vanilla, sandalwood, elemi, black pepper and laurel. Altogether enveloping, its striking flacon is designed to be cherished. Commune Vetiveria Nox Candle, $189.06, available at Fwrd Courtesy of Tsu Lange Yor 4 / 5 Tsu Lange Yor TLY 5755 Candle A new arrival from Tsu Lange Yor, the collection of soothing objects for 'self and sanctuary' helmed by Troye Sivan, this candle is a portal to calm. Herbaceous and woody, indulge in a blend of natively grown Australian ingredients including sandalwood, mountain pepper and buddawood, alongside black pepper, vetiver and vanilla. Tsu Lange Yor TLY 5755 Candle, $124.64, available at Fwrd Courtesy of Acqua di Parma 5 / 5 Acqua di Parma Ulivo Scented Wax Candle Herald the summer season with this limited edition exclusive from Acqua di Parma. Its scent is pure sunshine: blackcurrant, olive wood and labdanum combine to evoke the vibrancy of olive trees in Italy. Acqua di Parma Ulivo Scented Wax Candle, $118, available at Selfridges
Fashion Network
06-05-2025
- Business
- Fashion Network
Revolve sales up double-digits on growth across all channels
Revolve Group announced on Tuesday revenues for the first quarter rose 10% to $296.7 million, thanks to growth across all brand channels and geographies at the U.S. luxury retail firm. The Los Angeles-based company said Revolve segment sales were $254.4 million, a year-over-year increase of 11%, while sister brand Fwrd logged a 3% increase in sales to $42.3 million. By region, domestic sales were $239.2 million, up 9%, outpaced by international sales, which surged 12% to $57.5 million, for the quarter ending March 31. In line with the sales growth, the company said net income totalled $11.4 million, an increase from $10.9 million in the first quarter of 2024. "Our strong execution within a dynamic macro environment resulted in outstanding first quarter results, highlighted by double-digit top-line growth, 57% growth in operating income year-over-year, and $45 million in operating cash flow that further strengthened our balance sheet," said co-founder and co-CEO, Mike Karanikolas. "We achieved these strong results while continuing to invest in key initiatives that we believe will drive long-term success, which is especially important during this uncertain time when industry peers with weaker foundations are dialing back investment plans." The company said that post-first quarter, sales in April increased by a mid-single digit percentage year-over-year, highlighted by comparably stronger net sales growth in international markets. "I am very proud of our team's continued outstanding execution and flexibility that has driven our strong performance," said co-founder and co-CEO Michael Mente. "It is the strength of our team, our solid financial foundation and our flexibility that we believe position us well to navigate through the current geopolitical and macro-uncertainty while continuing to invest in the exciting growth opportunities ahead. We have consistently outperformed through challenging periods in the past and are entering this current cycle on strong footing, giving us the confidence not just to manage through the near-term challenges, but also to gain further market share and drive long-term gains."
Fashion Network
06-05-2025
- Business
- Fashion Network
Revolve sales up double-digits on growth across all channels
Revolve Group announced on Tuesday revenues for the first quarter rose 10% to $296.7 million, thanks to growth across all brand channels and geographies at the U.S. luxury retail firm. The Los Angeles-based company said Revolve segment sales were $254.4 million, a year-over-year increase of 11%, while sister brand Fwrd logged a 3% increase in sales to $42.3 million. By region, domestic sales were $239.2 million, up 9%, outpaced by international sales, which surged 12% to $57.5 million, for the quarter ending March 31. In line with the sales growth, the company said net income totalled $11.4 million, an increase from $10.9 million in the first quarter of 2024. "Our strong execution within a dynamic macro environment resulted in outstanding first quarter results, highlighted by double-digit top-line growth, 57% growth in operating income year-over-year, and $45 million in operating cash flow that further strengthened our balance sheet," said co-founder and co-CEO, Mike Karanikolas. "We achieved these strong results while continuing to invest in key initiatives that we believe will drive long-term success, which is especially important during this uncertain time when industry peers with weaker foundations are dialing back investment plans." The company said that post-first quarter, sales in April increased by a mid-single digit percentage year-over-year, highlighted by comparably stronger net sales growth in international markets. "I am very proud of our team's continued outstanding execution and flexibility that has driven our strong performance," said co-founder and co-CEO Michael Mente. "It is the strength of our team, our solid financial foundation and our flexibility that we believe position us well to navigate through the current geopolitical and macro-uncertainty while continuing to invest in the exciting growth opportunities ahead. We have consistently outperformed through challenging periods in the past and are entering this current cycle on strong footing, giving us the confidence not just to manage through the near-term challenges, but also to gain further market share and drive long-term gains."
