Shares of Revolve Group, LLC (NYSE: RVLV), an online women's fashion retailer, skyrocketed 18.7% in pre-market trading on November 6, 2024, fueled by the company's impressive third-quarter earnings results. The strong financial performance and positive outlook have reignited investor confidence, driving the stock to new heights.
For the quarter ended September 30, 2024, Revolve Group reported earnings per share (EPS) of $0.15, significantly exceeding analysts' expectations of $0.10. Additionally, the company's revenue of $283.1 million surpassed the consensus estimate of $271 million, showcasing robust growth and strong demand for its trendy apparel offerings.
The stellar results were driven by a 10% year-over-year increase in net sales, with the REVOLVE segment seeing a 12% rise. Moreover, Revolve Group achieved an impressive 85% year-over-year increase in adjusted EBITDA, reflecting improved profitability and operational efficiency. International sales also grew by a notable 20% year over year, supported by effective marketing initiatives and enhanced service levels across major regions.
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