77
Fashion Jobs
BEIERSDORF
Sales Representative North Greece (Based in Thessaloniki)
Permanent · ATHENS
FOOT LOCKER
Συνεργάτης Πωλήσεων
Permanent · THESSALONIKI
L'OREAL GROUP
Senior Product Manager Maybelline – Consumer Products Division
Permanent · NEA IONIA
CLINIQUE
Consumer Marketing Manager, Clinique
Permanent · ATHENS
LA MER
Consumer Marketing Executive, LA Mer
Permanent · ATHENS
TOM FORD
Consumer Marketing Manager Tom Ford
Permanent · ATHENS
L'OREAL GROUP
Beauty Advisor
Permanent · THESSALONIKI
L'OREAL GROUP
Nyx pm Beauty Advisor (Attiki)
Permanent · ATHENS
H&M
Σύμβουλος Πωλήσεων - Μερική Απασχόληση
Permanent · CHALANDRI
ESTÉE LAUDER COMPANIES
Fixed Assets & Decorations Supervisor
Permanent · ATHENS
SEPHORA
Accounting
Permanent · ATHENS
SEPHORA
Category Specialist
Permanent · ATHENS
H&M
Σύμβουλος Πωλήσεων (Mare West) - Μερική Απασχόληση
Permanent ·
H&M
Σύμβουλος Πωλήσεων - Μερική Απασχόληση
Permanent · PIRAEUS
H&M
Hiring Day Chania - Sales Advisors
Permanent · CHANIA
MAD LORDS
Sales Assistant Scorpios Mykonos
Fixed-term · MYKONOS
FOOT LOCKER
Συνεργάτης Πωλήσεων
Permanent · MAROUSI
FOOT LOCKER
Συνεργάτης Πωλήσεων
Permanent · ATHENS
H&M
Σύμβουλος Πωλήσεων (Metro Mall) - Μερική Απασχόληση
Permanent · AGIOS DIMITRIOS
H&M
Σύμβουλος Πωλήσεων - Μερική Απασχόληση
Permanent · KALAMATA
H&M
Σύμβουλος Πωλήσεων - Μερική Απασχόληση
Permanent · NEA IONIA
GUESS
Sales Advisor (Greece)
Permanent · ATHENS
Published
Feb 26, 2020
Reading time
2 minutes
Download
Download the article
Print
Text size

Revolve sales boosted by Forward business

Published
Feb 26, 2020

Youth-focused online fashion retailer Revolve Group, Inc. reported a 16% increase in sales in the fourth quarter on Tuesday, as the company's high-end Forward business came into its own, posting particularly strong growth.  
 

Revolve went public in June 2019 - Instagram: @Revolve


For the fourth quarter ended December 31, 2019, the California-based retailer, which went public in June of last year, announced net sales of $147.6 million, up from $127.7 million in the same period in the previous year.
 
The company’s Forward segment saw growth of 33%, reporting sales of $22.3 million for the quarter, while the namesake Revolve segment saw its sales increase 13% to $125.2 million.

Although the Revolve Group’s overall sales performance in the fourth quarter was solid, it’s worth noting that it represents a deceleration compared to the growth of 22.8% and 22.5% seen by the company in Q2 and Q3, respectively – a slowdown reflected in the fact that the company’s total fourth-quarter revenues came in under analysts’ expectations of $152.2 million.
 
Revolve Group’s quarterly net income totaled $8.4 million, an increase of 9% from $7.7 million in the prior-year period.
 
The company’s full-year 2019 sales came to $601.0 million, rising 21% from the previous year’s $498.7 million. $527.3 million of this total was contributed by the Revolve segment, where sales increased 22% year-over-year, with Forward accounting for the remaining $73.7 million, a figure representing a 13% increase from the segment’s revenues in the previous year.
 
Revolve Group’s annual net income for fiscal 2019 also posted a rise of 16% compared to 2018, increasing from $30.6 million to $35.7 million.
 
“We are proud to extend our long track record of achieving top-line growth and profitability, delivering net sales growth of over 20%, continued growth in profitability and exceptional cash flow in 2019,” commented Revolve co-founder and co-CEO Michael Mente in a release.
 
Looking to the future, Revolve Group expects to report net sales in the range of $679 million to $703 million in fiscal 2020, representing growth of between 13% and 17%. The company’s adjusted EBITDA is expected to be in the range of $56 million to $61 million.
 
The retailer’s outlook for net sales takes into account an estimated 1 to 3 point negative impact related to the ongoing coronavirus outbreak in China. Revolve expects to be affected by supply constraints related to both its own brand and, to a lesser extent, third-party labels, as well as reduced consumer demand in China.
 
Co-founder and co-CEO Mike Karanikolas, however, is optimistic about the company’s prospects moving forward.
 
“We are excited about our 2020 initiatives to continue building on the recent momentum in the Forward segment and International markets, while further investing in the core Revolve segment, including enhancing the owned brands platform and continuing to innovate in marketing, technology and customer experience,” he explained.

Copyright © 2024 FashionNetwork.com All rights reserved.