After submitting your request, you will receive an activation email to the requested email address. All forward-looking statements are qualified in their entirety by this cautionary statement, and Revolve Group, Inc. undertakes no obligation to revise or update any forward-looking statements to reflect events or circumstances after the date hereof. and not to forget. Revolve Group management will host a call today at 4:30 pm ET / 1:30 pm PT to discuss today’s results in more detail. Revolve Group, Inc. (NYSE: RVLV), the next-generation fashion retailer for Millennial and Generation Z consumers, today announced financial results for the second quarter ended June 30, 2020.
Average order value varies depending on the site through which we sell merchandise. A reconciliation of non-GAAP free cash flow to net cash provided by operating activities for the three and six months ended June 30, 2020 and 2019 is as follows: Stick with Revolve Stock as Apparel Spending Rebounds RVLV stock will finish the year closer to $30 than $20 By Luke Lango , InvestorPlace Markets Analyst Aug 17, 2020, 7:44 am EDT August 17, 2020 “We are confident that our agile team, flexible business model and strong balance sheet position us well to navigate through what continues to be an uncertain environment,” Karanikolas continued. The presentation of this non-GAAP financial information is not intended to be considered in isolation or as a substitute for, or superior to, the financial information prepared and presented in accordance with GAAP, and our non-GAAP measures may be different from non-GAAP measures used by other companies. “We delivered record EPS of $0.20, record operating cash flow of $54 million, and our fastest quarterly inventory turns in 6 years, during the most challenging economic climate in decades,” said co-founder and co-CEO Michael Mente. Through REVOLVE we offer a highly curated assortment of full-price premium apparel and footwear, accessories and beauty products from emerging, established and owned brands. This press release contains ‘‘forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934 and the Private Securities Litigation Reform Act of 1995. Magazines. Fashion brand catalogue on the Fashion Model Directory. Forward-looking statements involve risks and uncertainties. The macro environment also remains highly uncertain, as demonstrated by many U.S. cities and states pausing or reversing plans to reopen their economies in recent weeks due to increased COVID-19 concerns. The following table lists net sales by geographic area (in thousands): Content Licensing. © 1998-2020 The Fashion Model Directory – FMD. Proceeds from initial public offering, net of underwriting discounts paid 4.1m Followers, 1,604 Following, 13k Posts - See Instagram photos and videos from REVOLVE (@revolve) The conference ID for the call is 9657818. News. Revolve Clothing has spoken out about a super-skinny model on its website after shoppers expressed concern over her size, Styleite reports. Advertising. A breakdown of REVOLVE’s net sales by product category demonstrates that customer shopping and purchasing behavior continues to be influenced by the COVID-19 pandemic. You must click the activation link in order to complete your subscription.
Earnings (net loss) per share of Class A and Class B common stock: (In thousands, except share and per share data)
Net sales across affected U.S. regions have varied week-by-week due to these reopening changes, adding uncertainty to the slope and timing of any future recovery. Masthead. We view free cash flow as an important indicator of our liquidity because it measures the amount of cash we generate. A reconciliation of non-GAAP adjusted diluted EPS to diluted earnings (net loss) per share for the three and six months ended June 30, 2020 and 2019 is as follows (in dollars): In any particular period, we determine our number of active customers by counting the total number of customers who have made at least one purchase in the preceding 12-month period, measured from the last date of such period. Supplemental disclosure of cash flow information: Repurchase of Class B common stock upon corporate conversion “While the COVID-19 pandemic has created significant headwinds for many companies, including REVOLVE, I am very proud of how the organization has responded,” said co-founder and co-CEO Mike Karanikolas. Weighted average Class A and Class B common shares outstanding: We believe our high average order value demonstrates the premium nature of our product. You are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this press release. To participate, please dial (833) 513-0541 within the United States or (778) 560-2564 outside the United States approximately 10 minutes before the scheduled start of the call. Adjusted EBITDA is a key measure used by management to evaluate our operating performance, generate future operating plans and make strategic decisions regarding the allocation of capital. We define average order value as the sum of the total gross sales from our sites in a given period divided by the total orders placed in that period.
All of which makes the story of Los Angeles-based e-commerce clothing brand Revolve especially noteworthy. Revolve Group, Inc. (NYSE: RVLV), the next-generation fashion retailer for Millennial and Generation Z consumers, today announced financial results for the second quarter ended June 30, 2020. Through FORWARD we offer an assortment of iconic and emerging luxury brands. To opt-in for investor email alerts, please enter your email address in the field below and select at least one alert option. The conference call will also be accessible, live via audio broadcast, on the Investor Relations section of the Revolve Group website at
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