Fwrd news and archive

Revolve Group Q4 earnings surge

Apparel retailer Revolve Group announced a strong fourth quarter, with net sales climbing 14 percent year-over-year to 293.7 million dollars and net income surging 237 percent to 11.8 million dollars. Adjusted EBITDA more than doubled, increasing 114 percent to 18.3 million dollars, while diluted EPS reached 0.17 dollars. "We finished the year...

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Revolve Group records strong third quarter performance

Revolve Group’s third quarter net sales were 283.1 million dollars, a year-over-year increase of 10 percent. After the end of the third quarter, the company’s net sales in October increased by a low-double digit percentage. "We delivered exceptional results in the third quarter, highlighted by double-digit top-line growth, significant expansion...

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Revolve Group posts strong growth in Q2 earnings

Revolve Group’s second quarter net sales were 282.5 million dollars, up 3 percent, while diluted earnings per share of 21 cents, increased 110 percent. . Gross profit for the quarter was 152.6 million dollars, an increase of 3 percent, while gross margin was 54 percent, an increase of 7 basis points. Net income was 15.4 million dollars, an...

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Revolve to acquire couture house Alexandre Vauthier

Revolve, the California-based online fashion retailer, is reportedly acquiring French haute couture brand Alexandre Vauthier. The 15 year-old company, which entered administration at the beginning of the year, has been looking for a buyer since February, said the Business of Fashion. Vauthier, which wholesales ready-to-wear and sells haute...

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Revolve Group Q1 sales and earnings decline

Revolve Group’s first quarter net sales were 270.6 million dollars, a decrease of 3 percent. Net sales in April 2024 increased by a low single digit percentage, a sequential improvement compared to the trend reported for the first quarter of 2024. "We delivered significant expansion of our gross margin and year-over-year efficiency in our...

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Revolve Group's Q4 sales drop

Fashion retailer Revolve Group reported a net sales decrease of 1 percent to 257.8 million dollars for the fourth quarter, a sequential improvement from the 4 percent reported in the third quarter of 2023. During the first eight weeks of 2024, the company’s net sales decreased by a mid-single digit percentage compared to the same period in 2023....

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Revolve Group revenues drop in the third quarter

Revolve Group, Inc. reported an increase in active customers by 52,000 during the third quarter of 2023, growing to 2,510,000 as of September 30, 2023, an increase of 12 percent year-over-year. Net sales for the quarter were 257.6 million dollars, a decrease of 4 percent. "A key highlight of the third quarter was surpassing 2.5 million active...

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Revolve Group posts growth in revenue and active customers

Revolve Group, Inc. reported an increase in active customers by 84,000 during the third quarter of 2022, growing to 2,249,000 as of September 30, 2022, an increase of 34 percent year-over-year. The company’s total net sales were 268.7 million dollars, an increase of 10 percent year-over-year. Revolve segment net sales were 222.1 million dollars,...

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Growth in active customers boosts Revolve Group's Q2 sales

Revolve Group Inc. reported total second quarter net sales of 290.1 million dollars, an increase of 27 percent year-over-year. Gross margin was 55.9 percent, an increase of 29 basis points and the company’s highest-ever gross margin for a second quarter. The company attributed the sales increase to continued strong growth in active customers,...

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Revolve Group launches new in-house luxury footwear brand

Global fashion retailer Revolve Group has launched a new in-house everyday luxury footwear brand called A’mmonde Atelier. The footwear label is an extension of the company's owned brand portfolio, which produces more than 20 brands under an in-house design team, and will be available on both Revolve and Fwrd. A’mmonde Atelier is derived from the...

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Fwrd launches resale programme to extend the life cycle of designer handbags

Luxury fashion e-tailer Fwrd, part of the Revolve Group, has launched a new resale initiative, Fwrd Buyback to bolster its sustainability strategy toward circular luxury shopping. Fwrd Buyback has been launched to extend the life cycle of high-end designer handbags from brands including Bottega Veneta, Saint Laurent, Loewe and The Row and will...

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Revolve Group's Q1 net sales jump 58 percent

Revolve Group, Inc. reported total net sales of 283.5 million dollars, an increase of 58 percent year-over-year. The company attributed the strong sales growth to quarterly growth of 201,000 active customers. Total active customers grew to 2 million, an increase of 38 percent. “We’ve had an exceptional start to the year, highlighted by 58...