Reports Q4 revenue $259.15M, consensus $240.33M. "2022 was the 19th full year since Mike and I founded Revolve, and I’m proud of our financial performance and the accomplishments our team delivered in such a dynamic operating environment," said co-CEO Michael Mente. "Our net sales for the year increased 24% to $1.1 billion, we delivered record growth in active customers, and we generated significant profitably and cash flow that further strengthened our balance sheet." "While the macroenvironment has become more challenging in recent quarters, we have moved quickly and made progress in balancing our inventory investments while continuing to deliver profitable growth that truly stands out within our sector," said Mike Karanikolas, co-CEO. "We are more excited than ever about the opportunity that lies ahead. With our technology and data-driven culture, financial discipline, operational excellence and innovative team, we believe we are well positioned to continue to take market share."
Published first on TheFly
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