RVLV Stock Recent News

Although the revenue and EPS for Revolve Group (RVLV) give a sense of how its business performed in the quarter ended June 2023, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.

Revolve Group, Inc. (NYSE:RVLV ) Q2 2023 Results Conference Call August 2, 2023 4:30 PM ET Company Participants Erik Randerson - Vice President of Investor Relations Mike Karanikolas - Co-Founder and Co-CEO Michael Mente - Co-Founder and Co-CEO Jesse Timmermans - CFO Conference Call Participants Anna Andreeva - Needham & Company Randy Konik - Jefferies Edward Yruma - Piper Sandler Mark Altschwager - Baird Kunal Madhukar - UBS Jim Duffy - Stifel Simeon Siegel - BMO Capital Markets Ethan Saghi - BTIG Lorraine Hutchinson - Bank of America Rick Patel - Raymond James Janet Kloppenburg - JJK Research Associates Operator Good afternoon. My name is Audra, and I will be your conference operator today.

Revolve Group (RVLV) came out with quarterly earnings of $0.10 per share, beating the Zacks Consensus Estimate of $0.07 per share. This compares to earnings of $0.22 per share a year ago.

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LOS ANGELES , July 19, 2023 /PRNewswire/ -- Revolve Group, Inc. (NYSE: RVLV) announced today that it will release financial results for the second quarter ended June 30, 2023, after the market close on Wednesday, August 2, 2023, followed by a conference call at 1:30 PM (PT) / 4:30 PM (ET) on the same day.  Shortly following the release of its financial results, the company will make available a Q2 2023 financial highlights presentation at http://investors.revolve.com.

Revolve Group, a fashion retailer primarily catering to young, aspirational shoppers, is leveraging digital and mobile technology to meet the unique fashion needs of millennial and Gen Z customers. Despite this, the company's stock has contracted by 54% since its listing in June 2019, underperforming both the ProShares Online Retail ETF and the broader SPDR S&P Retail ETF. We touch upon a few key operating metrics that could weigh on the share price. Despite the erosion of wealth so far, RVLV's stock could be attractive for those looking for short-covering opportunities, with the percentage of the company's float, which is short standing at 54%. However, the stock is not particularly cheap to own, and it's unlikely that value-conscious investors would be tempted to pay P/Es of over 25x for a business unlikely to provide any earnings growth over a two-year time frame.

Roku is tops in the connected TV market and that could lead to improved returns when the ad market recovers. Fashion-forward apparel business Revolve Group keeps adding new customers at a good clip.

Stitch Fix has a differentiated model that uses AI to pick clothing, and its fortunes might be starting to reverse. Revolve Group operates a profitable enterprise that's resonating with customers and has massive potential.

Dutch Bros has huge expansion plans and is posting impressive sales growth. Roku is well-positioned to benefit from advertisers that are following cord-cutters.

Revolve Group uses AI to power many functions of its retail e-commerce site. It's developing new ways to use AI to connect with its community of consumers.