Latest news with #RevolveGroup
Fibre2Fashion
07-08-2025
- 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)
Cosmopolitan
10-07-2025
- Entertainment
- Cosmopolitan
TikTok Videos Capture Paparazzi Chasing Cardi B at PFW
Cardi B is currently in Paris for Fashion Week and the entire experience is best described as iconic. Like, here she is at Schiaparelli Haute Couture Fall/Winter 2025/2026 fashion show with a literal raven (a pretty clear shoutout to her album cover for Am I the Drama): Her comments? "No, I'm not scared of the bird. That's my friend. I control him. We're best friends." And here she is wearing a sculptural Rahul Mishra's gown surrounded by 3D crystal covered roses: Meanwhile, here she is being chased by paps and absolutely serving in the process: Cardi's legendary Fashion Week moments come several months after she announced a partnership with Revolve Group in a "multi-category venture" that includes fashion and beauty. Cardi spoke to WWD about what to expect, saying "I personally believe that I put a lot of people on a lot of trends. It's not even about getting paid, but it's not appreciated. I gotta do this for me because I don't get thank yous. If I don't have a good year, I don't get, 'How have you been?' Nobody does that. It's time for me to do s–t for my own self, not for everybody else." She added, "I could shop every single day, but there's always that one pair of jeans that I love. There's that tank top that I love, and I don't care how many stains are on it, I'm gonna wear it, because I just love it. I want my brand to have that one piece that you buy, that you love, that it makes sense. If it's a size small, it should be a true size small; if it's a size large, it should be a true size large. That is very important to me, because I don't think about me, now, I think about me when I was 20 years old. I'm walking in Fordham [Plaza]; it's six o'clock and I have a date at nine. 'What is gonna fit me?' I want something that fits me; it's great, and it's good quality. I could wash it and wash it and wash it, and it doesn't get washed out."
Business Insider
06-06-2025
- Business
- Business Insider
William Blair Reaffirms Their Buy Rating on Revolve Group (RVLV)
William Blair analyst Dylan Carden maintained a Buy rating on Revolve Group (RVLV – Research Report) today. The company's shares closed today at $22.57. Confident Investing Starts Here: Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter Carden covers the Consumer Cyclical sector, focusing on stocks such as Boot Barn, National Vision Holdings, and Revolve Group. According to TipRanks, Carden has an average return of 25.0% and a 67.09% success rate on recommended stocks. Currently, the analyst consensus on Revolve Group is a Moderate Buy with an average price target of $22.15.
Fashion United
23-05-2025
- Business
- Fashion United
Revolve Group reportedly acquires IP of Dion Lee
US e-commerce retailer Revolve Group is believed to have snapped up the intellectual property (IP) assets of Australian fashion brand Dion Lee. This is according to the Australian Financial Review, which said that Revolve had acquired the Sydney-based brand's assets from its administrator, DVT Group, for under one million dollars. Founded in 2009, Dion Lee, at once a regular at New York Fashion Week, had experienced what was to be a short-lived success, operating through six stores in its homeland of Australia, one location in the US and selling via 160 international outlets. The company had begun to position itself for the next phase of growth by the end of 2023, appointing James Miller as its first chief executive officer to oversee the process. By May 2024, however, Dion Lee had placed its Australian arm under administration after an investor, Cue Clothing, pulled out following a strategic review. DVT was appointed to explore 'all options' related to Dion Lee's business operations, including those in the US, which at one time was the brand's biggest market. At the time of the administration, the brand was believed to have owed 35 million dollars in total liabilities. In the following August, it was then reported that the brand would wind down after no deals were reached with potential buyers. AFR stated that administrators had sold more than 40,000 Dion Lee items in the second half of 2024 to recover nine million dollars in debt. FashionUnited has contacted Revolve Group and DVT Group with requests to comment.
Fashion Network
23-05-2025
- Business
- Fashion Network
Revolve acquires embattled Australian luxury brand Dion Lee
U.S. e-commerce fashion giant Revolve Group has reportedly acquired the IP-related assets of Dion Lee, just months after the embattled Australian luxury brand announced plans to close after failing to attract a buyer. See catwalk According to Australian media reports, the Los Angeles-based Revolve Group, which operates luxury multi-brand e-commerce platforms Revolve and Fwrd, has acquired the Sydney-founded brand's assets, for an undisclosed amount, with one outlet reporting the sale figure to be less than $1 million. Since last year, Antony Resnick, of the Australian insolvency firm DVT Group, has been on the hunt to find a saviour buyer for the now New York-based fashion brand, which filed for bankruptcy last May, following major investor Cue Clothing's withdrawal of its stake in the business. At the time of insolvency, the brand owed $35 million in total liabilities, including a $20 million loan from Cue Clothing. According to media reports, administrators sold more than 40,000 Dion Lee items at a huge discount in the second half of 2024 to recoup $9 million of debt. In November, Resnick announced a saviour buyer or investor could not be found and Dion Lee would close for good by year-end 2024. See catwalk Now with Revolve's rescue, it is believed that designer Dion Lee will stay on as creative director of the brand. Both Dion Lee and Revolve are yet to confirm the news. Dion Lee founded his eponymous fashion brand in 2009. In 2013, Australian brand and retailer Cue acquired a major share in Dion Lee, and a year later, the brand showed as part of New York Fashion Week, where it had been a mainstay until the spring/summer 2024 season. Earlier this month, Dion Lee-parent Revolve Group said first quarter sales rose 10% to $296.7 million, thanks to growth across all brand channels and geographies.
