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0.0029185867895545 0.00768049155145929 0.00691244239631319 0.000937019969277924 0.0273425499231951 0.0236559139784945 0.022427035330261 0.022427035330261
Stock impact report

Why Revolve Group Stock Soared to a 52-Week High Today [Yahoo! Finance]

Revolve Group, Inc. Class A (RVLV) 
Last revolve group, inc. class a earnings: 2/25 04:05 pm Check Earnings Report
Company Research Source: Yahoo! Finance
As of 1:15 p.m. ET, Revolve Group stock was up a strong 23% and hitting 52-week highs. Revolve runs a digital platform for apparel and footwear targeted at millennials and Gen Z customers. In Q3, the company's net sales grew by 10% to $283 million, which was ahead of some analysts' expectations. Moreover, net sales for the first month of the fourth quarter grew faster than in Q3, which is an encouraging trend. Start Your Mornings Smarter! Wake up with Breakfast news in your inbox every market day. Sign Up For Free » Revolve had given guidance for gross margin . And its Q3 gross margin of 51.2% came up short of management's guidance of 52.3% to 52.5%. Increased markdowns and higher shipping rates were listed among the culprits. That said, Revolve outperformed on profit expectations because all of its operating expenses came in below expectations. In other words, management didn't spend as expected. And this led to net income of $10.8 million, which was up 238% year over year an Show less Read more
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