Revolve Group, Inc. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2023
August 03, 2023 at 01:34 am IST
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Revolve Group, Inc. reported earnings results for the second quarter and six months ended June 30, 2023. For the second quarter, the company reported sales was USD 273.73 million compared to USD 290.05 million a year ago. Net income was USD 7.3 million compared to USD 16.27 million a year ago. Basic earnings per share from continuing operations was USD 0.1 compared to USD 0.22 a year ago. Diluted earnings per share from continuing operations was USD 0.1 compared to USD 0.22 a year ago.
For the six months, sales was USD 553.34 million compared to USD 573.55 million a year ago. Net income was USD 21.48 million compared to USD 38.84 million a year ago. Basic earnings per share from continuing operations was USD 0.29 compared to USD 0.53 a year ago. Diluted earnings per share from continuing operations was USD 0.29 compared to USD 0.52 a year ago.
Revolve Group, Inc. is a fashion retailer for Millennial and Generation Z consumers. The Company's segments include REVOLVE and FWRD. The REVOLVE segment offers an assortment of premium apparel, footwear, accessories and beauty products from emerging, established and owned brands. The FWRD segment offers a curated assortment of iconic designer and emerging luxury brands. The Company offers a curated assortment of over 100,000 apparel and footwear styles, as well as accessories, beauty and home products. Its brands include Lovers and Friends, GRLFRND, NBD, Camila Coelho and House of Harlow 1960. It works with suppliers and manufacturers in China, the United States, India and other countries. Customers can engage with the Company in approximately 12 languages and pay in over 50 currencies using one of 20 payment methods, including third-party alternatives that allow its customers to make installment payments. The Company also offers a loyalty program for its customers.
REVOLVE GROUP, INC. 
