Revolve Group (RVLV) Tops Q3 EPS by 13c, Revenues Miss

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Go back to Revolve Group (RVLV) Tops Q3 EPS by 13c, Revenues Miss

Revolve Group Announces Third Quarter 2020 Financial Results

November 11, 2020 4:03 PM EST

LOS ANGELES--(BUSINESS WIRE)-- 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, 2020.

Strong execution on our merchandising and operational initiatives led to another quarter of record results. Despite the challenging backdrop and short-term pressures, we continued to drive efficiencies throughout the business in the third quarter, leading to higher margins and record profitability, said co-founder and co-CEO Mike Karanikolas. Our efforts resulted in record net income of $19 million, exceptional operating cash flows of $14 million, and record Adjusted... More