Core Insights - Revolve Group (RVLV) has consistently beaten earnings estimates, with an average surprise of 70.83% over the last two quarters [1][3] - The company reported earnings of $0.15 per share against a consensus estimate of $0.09, resulting in a surprise of 66.67% for the last quarter [2] - The positive change in earnings estimates and a favorable Earnings ESP of +4.65% indicate bullish sentiment among analysts regarding Revolve Group's near-term earnings potential [3][6] Earnings Performance - In the previous quarter, Revolve Group's earnings were $0.21 per share, exceeding the expected $0.12, which led to a surprise of 75% [2] - The combination of a positive Earnings ESP and a Zacks Rank of 3 (Hold) suggests a high likelihood of another earnings beat [4][6] Earnings ESP Insights - The Zacks Earnings ESP is a tool that compares the Most Accurate Estimate to the Zacks Consensus Estimate, reflecting the latest analyst revisions [5] - Stocks with a positive Earnings ESP and a Zacks Rank of 3 or better have a historical success rate of nearly 70% in beating consensus estimates [4][6] - A negative Earnings ESP can reduce predictive power but does not necessarily indicate an earnings miss [6]

Core Insights - Revolve Renewable Power Corp. will present at the Small Cap Growth Virtual Investor Conference on December 5, 2024, with CEO Myke Clark providing updates on the company's renewable energy projects and corporate developments [1][2] Company Overview - Revolve was established in 2012 to meet the increasing global demand for renewable energy, focusing on utility-scale wind, solar, hydro, and battery storage projects in North America [5] - The company has a second division, Revolve Renewable Business Solutions, which operates distributed generation assets under 20MW [5] - Revolve's current portfolio includes 11MW of operating assets under long-term power purchase agreements, a 3MW CHP project, and a 450kWp rooftop solar project under construction, along with a development pipeline exceeding 3,000MW [5][7] Recent Developments - The company reported a 300% increase in its long-term recurring revenue stream for Q1 of fiscal year 2025 [2] - A significant interconnection milestone was achieved at the 49.6MW Primus Wind project in the U.S. [2] - Revolve has acquired a 30MW solar development project in Alberta, Canada, which is currently undergoing the permitting process [2] Future Goals - Revolve aims to develop 5,000MW of utility-scale projects across the U.S., Canada, and Mexico while expanding its portfolio of revenue-generating distributed generation assets [7]

Company Overview - Revolve Group, Inc. is a next-generation fashion retailer targeting Millennial and Generation Z consumers, offering a curated selection of apparel, footwear, accessories, beauty, and home products [3][4] - The company operates through two segments: REVOLVE, which features premium brands, and FWRD, which focuses on luxury brands [4] Upcoming Event - Revolve Group will present at the Raymond James TMT and Consumer Conference on December 10, 2024, at 11:20 a.m. ET / 8:20 a.m. PT [1] - A live webcast of the presentation will be available on the company's investor relations website, with a replay option for a limited time afterward [2]

Core Viewpoint - Revolve Group (RVLV) has been upgraded to a Zacks Rank 2 (Buy), indicating a positive outlook based on rising earnings estimates, which significantly influence stock prices [1][3]. Earnings Estimates and Stock Performance - The Zacks rating system emphasizes the correlation between changes in earnings estimates and stock price movements, with institutional investors often reacting to these revisions [4][6]. - For Revolve Group, the increase in earnings estimates suggests an improvement in the company's underlying business, likely leading to higher stock prices [5][8]. Earnings Estimate Revisions - Analysts project that Revolve Group will earn $0.60 per share for the fiscal year ending December 2024, reflecting a year-over-year increase of 57.9% [8]. - Over the past three months, the Zacks Consensus Estimate for Revolve Group has risen by 7.5%, indicating a positive trend in earnings expectations [8]. Zacks Rating System - The Zacks Rank system classifies stocks based on earnings estimate revisions, with only the top 20% of stocks receiving a 'Strong Buy' or 'Buy' rating, suggesting superior potential for market-beating returns [9][10][11].

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The company overcame headwinds with self-controlled spending on operating expenses.Shares of apparel retailer Revolve Group (RVLV 25.25%) soared on Wednesday after the company reported financial results for the third quarter of 2024. As of 1:15 p.m. ET, Revolve Group stock was up a strong 23% and hitting 52-week highs.Revolve's better-than-expected financialsRevolve runs a digital platform for apparel and footwear targeted at millennials and Gen Z customers. In Q3, the company's net sales grew by 10% to $28 ...

For the quarter ended September 2024, Revolve Group (RVLV) reported revenue of $283.15 million, up 9.9% over the same period last year. EPS came in at $0.15, compared to $0.04 in the year-ago quarter.The reported revenue compares to the Zacks Consensus Estimate of $270.13 million, representing a surprise of +4.82%. The company delivered an EPS surprise of +66.67%, with the consensus EPS estimate being $0.09.While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall ...

Revolve Group (RVLV) came out with quarterly earnings of $0.15 per share, beating the Zacks Consensus Estimate of $0.09 per share. This compares to earnings of $0.04 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 66.67%. A quarter ago, it was expected that this online women's fashion retailer would post earnings of $0.12 per share when it actually produced earnings of $0.21, delivering a surprise of 75%.Over the last four qua ...

Financial Performance - Gross margin for the three months ended September 30, 2024, was 51.2%, compared to 51.7% for the same period in 2023[89] - Adjusted EBITDA for the three months ended September 30, 2024, was $17,503 thousand, up from $9,484 thousand in the same period in 2023[89] - Free cash flow for the three months ended September 30, 2024, was $6,171 thousand, compared to $11,492 thousand for the same period in 2023[89] - Net cash provided by operating activities for the three months ended September 30, 2024, was $9,052 thousand, down from $12,486 thousand in the same period in 2023[98] - Total net sales for the three months ended September 30, 2024, were $283.1 million, an increase of $25.5 million from $257.6 million in the same period of 2023[132] - Net sales for the nine months ended September 30, 2024, increased by 3.1% to $836.2 million compared to $810.9 million in the same period in 2023[140] - Income before income taxes was $49.8 million for the nine months ended September 30, 2024, compared to $32.9 million for the same period in 2023, representing a significant increase[148] Customer Engagement - Active customers increased to 2,628 thousand for the three months ended September 30, 2024, from 2,510 thousand in the same period in 2023[89] - Total orders placed for the three months ended September 30, 2024, were 2,200 thousand, compared to 2,133 thousand in the same period in 2023[89] - Average order value for the three months ended September 30, 2024, was $303, up from $299 in the same period in 2023[89] - Active customers increased during the period ended September 30, 2024, compared to the same period in 2023, driven by enhanced engagement and new customer acquisition[99] - Total orders placed increased in the three months ended September 30, 2024, compared to the same period in 2023, reflecting improved customer engagement[101] Sales and Revenue Breakdown - REVOLVE segment net sales for the three months ended September 30, 2024, were $243.4 million, an increase of 11.8% compared to $217.7 million in the same period of 2023[115] - FWRD segment net sales for the three months ended September 30, 2024, were $39.7 million, a decrease of 0.5% compared to $39.9 million in the same period of 2023[116] - Net sales to customers in the United States for the three months ended September 30, 2024, were $222.7 million, representing a 7.5% increase from $207.2 million in the same period of 2023[117] - Net sales to customers outside of the United States for the three months ended September 30, 2024, were $60.5 million, an increase of 20.0% compared to $50.4 million in the same period of 2023[118] Cost and Expenses - Cost of sales as a percentage of net sales for the three months ended September 30, 2024, was 48.8%, slightly up from 48.3% in the same period of 2023[131] - Cost of sales increased by 11.2% to $138.3 million for the three months ended September 30, 2024, representing 48.8% of net sales, up from 48.3% in the same period in 2023[134] - Fulfillment expenses were relatively flat at $9.3 million for the three months ended September 30, 2024, accounting for 3.3% of net sales, down from 3.6% in the same period in 2023[135] - Selling and distribution expenses decreased by 2.0% to $47.9 million for the three months ended September 30, 2024, representing 16.9% of net sales, down from 19.0% in the same period in 2023[136] - General and administrative expenses decreased by 3.7% to $33.9 million for the three months ended September 30, 2024, accounting for 12.0% of net sales, down from 13.7% in the same period in 2023[138] Strategic Initiatives - The company has invested in technology and data analytics to enhance customer experience and optimize inventory management[82] - The company plans to continue expanding its international presence while maintaining focus on the core U.S. market[87] - The logistics infrastructure supports free shipping and returns in the U.S., optimizing inventory allocation and reducing fulfillment expenses[86] - The company emphasizes a product mix that includes emerging and owned brands to minimize overlap with competitors and enhance marketing efficiency[81] - The company plans to open additional physical stores and conduct in-person events to enhance customer engagement and brand awareness[107] - The company utilizes a data-driven approach for inventory management, which allows for better alignment with customer demand and trends[112] Economic Factors - Economic factors such as inflation, employment rates, and consumer confidence significantly impact the company's performance and customer spending[104] - The company continues to monitor inflation impacts and is implementing strategies to mitigate its effects, which may affect product demand[164] Cash Flow and Financing - Cash and cash equivalents as of September 30, 2024, were $252.8 million, an increase from $245.4 million as of December 31, 2023[149] - Working capital increased to $369.0 million as of September 30, 2024, compared to $339.0 million at the end of 2023[149] - Net cash provided by operating activities was $22.8 million for the nine months ended September 30, 2024, down from $47.2 million for the same period in 2023[159] - Net cash used in investing activities was $7.0 million for the nine months ended September 30, 2024, compared to $3.1 million in 2023[161] - Net cash used in financing activities was $11.0 million for the nine months ended September 30, 2024, compared to $12.1 million in 2023, primarily due to share repurchases[162] - The company has a line of credit providing up to $75.0 million in revolver borrowings, with no borrowings outstanding as of September 30, 2024[152] - A stock repurchase program of up to $100 million was authorized in August 2023, with repurchases based on market conditions[155]

LOS ANGELES, Nov. 5, 2024 /PRNewswire/ -- Revolve Group, Inc. (NYSE: RVLV), the next-generation fashion retailer for Millennial and Generation Z consumers, today announced financial results for the third quarter ended September 30, 2024. Third Quarter 2024 Financial Summary Three Months Ended September 30, 2024 2023 YoY Change (in thousands, except percentages) Net sales $ 283,146 $ 257,603 10 % Gross profit $ 144,867 $ 133,232 9 % <td colspan="1" row ...