Revolve's second quarter results surpassed Wall Street expectations, but shares fell more than 5% as investors weighed higher logistics and marketing costs. Revenue rose 12.4% year over year to $347.4 million, beating analyst estimates of $342.7 million, while adjusted EPS of $0.26 topped the $0.22 consensus. Co-CEO Mike Karanikolas highlighted record new customer acquisition and a milestone of over three million active customers, and said July net sales increased approximately 18% year over year. During the earnings call, analysts questioned management about the durability of July's growth, the timing of Grow-Good's impact, elevated general and administrative expenses, physical retail expansion plans, and the role of AI in inventory planning and cost structure.
Revolve Group LLCShares fell over 5% despite beating estimates, as investors weighed higher logistics and marketing costs.
