ReVolve Renewable Power Corp is in the business of developing utility-scale renewable energy. Shares of the online fashion retailer rose about 2% on Friday. ReVolve Renewable Power Corp (CVE:REVV) Share Price and News. “New customer growth remains healthy year-over-year and we drove a further sequential improvement in our inventory dynamics through the month of January 23,” he added. Additionally, thus far in Q1, net sales have increased by a mid-single digit percentage, according to Karanikolas. He added in a call with analysts that the company’s inventory position appears to be normalizing into 2023, allowing for less pressure on margins. 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.” "We are more excited than ever about the opportunity that lies ahead. "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-founder and co-CEO. The company said that the addition of 500K active customers during the full year beat previous customer growth records “by a wide margin.” Latest Revolve Group Inc (RVLV:NYQ) share price with interactive charts, historical prices, comparative analysis, forecasts, business profile and more. ![]() ![]() ![]() The profit beat came despite a 340 basis point contract in gross margins amid a highly promotional retail environment.Īctive customers increased by 91K in Q4, bringing total customers to 2.34M as of the close of the calendar year. Revolve Group (NYSE: RVLV) shares rose sharply on Friday after the company exceeded Q4 expectations and forecast continued sales momentum.įor the fourth quarter, GAAP EPS of $0.11 beat expectations by $0.01 while $259.15 in revenue came in $18.74M above consensus estimates.
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