Revolve Group (RVLV) Tops Q1 EPS by 17c, Revenues Beat
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Revolve Group Announces First Quarter 2021 Financial Results
May 6, 2021 4:05 PM EDTLOS 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 first quarter ended March 31, 2021.
We delivered record quarterly net sales in the first quarter of 2021, highlighted by growth of 22% year-over-year and 30% over the first quarter of 2019, with meaningful acceleration in growth during March, said co-founder and co-CEO Mike Karanikolas. We also delivered record net income of $22 million, or $0.30 per diluted share, and $33 million in cash flow generated from operating activities, a more than 400% and 300% increase over the prior year,... More
