Latest news with #MikeKaranikolas
Yahoo
07-05-2025
- Business
- Yahoo
Revolve (NYSE:RVLV) Posts Q1 Sales In Line With Estimates But Stock Drops
Online fashion retailer Revolve (NASDAQ:RVLV) met Wall Street's revenue expectations in Q1 CY2025, with sales up 9.7% year on year to $296.7 million. Its GAAP profit of $0.16 per share was 14.7% above analysts' consensus estimates. Is now the time to buy Revolve? Find out in our full research report. Revolve (RVLV) Q1 CY2025 Highlights: Revenue: $296.7 million vs analyst estimates of $297.4 million (9.7% year-on-year growth, in line) EPS (GAAP): $0.16 vs analyst estimates of $0.14 (14.7% beat) Adjusted EBITDA: $19.3 million vs analyst estimates of $15.3 million (6.5% margin, 26.1% beat) Operating Margin: 5%, up from 3.4% in the same quarter last year Free Cash Flow Margin: 14.4%, up from 0.7% in the previous quarter Active Customers : 2.7 million, up 152,000 year on year Market Capitalization: $1.36 billion "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. Company Overview Launched in 2003 by software engineers Michael Mente and Mike Karanikolas, Revolve (NASDAQ:RVLV) is a fashion retailer leveraging social media and a community of fashion influencers to drive its merchandising strategy. Sales Growth A company's long-term sales performance can indicate its overall quality. Any business can put up a good quarter or two, but many enduring ones grow for years. Over the last three years, Revolve grew its sales at a sluggish 5.1% compounded annual growth rate. This fell short of our benchmark for the consumer internet sector and is a tough starting point for our analysis. Revolve Quarterly Revenue This quarter, Revolve grew its revenue by 9.7% year on year, and its $296.7 million of revenue was in line with Wall Street's estimates. Looking ahead, sell-side analysts expect revenue to grow 7.9% over the next 12 months. While this projection suggests its newer products and services will fuel better top-line performance, it is still below average for the sector. Unless you've been living under a rock, it should be obvious by now that generative AI is going to have a huge impact on how large corporations do business. While Nvidia and AMD are trading close to all-time highs, we prefer a lesser-known (but still profitable) stock benefiting from the rise of AI. Click here to access our free report one of our favorites growth stories. Active Customers Buyer Growth As an online retailer, Revolve generates revenue growth by expanding its number of users and the average order size in dollars. Over the last two years, Revolve's active customers , a key performance metric for the company, increased by 7.4% annually to 2.7 million in the latest quarter. This growth rate is slightly below average for a consumer internet business. If Revolve wants to reach the next level, it likely needs to enhance the appeal of its current offerings or innovate with new products.
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."
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."
Yahoo
02-04-2025
- Business
- Yahoo
Revolve Group Partners With Affirm, Ahead of the Festival Season and Summer Shopping
Affirm announced on Wednesday a new partnership with Revolve Clothing Group to use in the U.S. — the buy now, pay later fintech company will allow consumers to use Affirm to purchase from Revolve's collections of apparel, footwear, accessories and beauty on Revolve's website and mobile app. Affirm now joins similar BNPL Klarna on Revolve, as part of the company's efforts to give its customers a simple and transparent way to pay over time. More from WWD 'Mean Girls,' 'Clueless' and 'Emily in Paris' Get the Body Art Treatment With Inked by Dani's New Collab Here's Why Lancôme's Newest Génifique Ultimate Serum Is My Secret for Plump, Smoother-looking Skin First Look: Flower Mountain and Universal Works' Floral-Filled Collaboration In the upcoming days, Revolve's U.S. customers can select Affirm when they make their purchases at checkout to complete an eligibility check each time. If approved, customers will then be directed to choose from customized biweekly or monthly payment plan options, with as low as 0 percent APR. After its launch for the U.S. market, Affirm is set to expand to Revolve customers within the U.K. and Canada. 'At Revolve, we're committed to curating a shopping experience that's seamless, inspiring and tailored to our customers' needs,' said Mike Karanikolas, cofounder and co-chief executive officer at Revolve Group. 'Shopping should be effortless and payment flexibility is a key part of our premium experience. Affirm stood out for its transparent approach, customized and flexible options, and proven ability to build trust with millions of loyal shoppers. With Affirm, our customers will have clarity and control at checkout — making it easier to get the styles they love, on their terms.' Affirm reported that from October 2024 to December 2024, sales through Affirm for apparel and accessories rose 25 percent year-over-year — highlighting the demand amongst customers who are looking for flexible payment options through BNPL. In the past six months, more than 55 new fashion merchants have partnered with Affirm — and now include Revolve. The company has previously integrated at checkout at The RealReal, Canada Goose, Net-a-porter, Adidas, StockX, StitchFix and recently renewed with Shopify as part of its growing arsenal of e-commerce platforms with plans to grow into other markets beyond the U.S., Canada and the U.K. 'By uniting emerging labels, top designers and in-house brands, Revolve is creating a smarter way to shop — and with Affirm, a smarter way to pay. Unlike most credit cards and other pay-over-time options, Affirm never charges late fees, hidden fees or compound interest. As shoppers refresh their wardrobes for the warmer months, Affirm provides Revolve customers with the confidence to secure the styles they love with flexible payment options,' said Pat Suh, senior vice president of revenue at Affirm. Best of WWD The Definitive Timeline for Sean 'Diddy' Combs' Sean John Fashion Brand: Lawsuits, Runway Shows and Who Owns It Now What the Highest-paid CEOs at U.S. Fashion and Retail Companies Make Confidence Holds Up, But How Much Can Consumers Take?
