Net cash provided by operating activitiesįree cash flow (non-GAAP financial measure) “With our team and operational excellence as the foundation, combined with our strong brand momentum and connection with the consumer, we believe we are very well positioned for continued market and wallet share gains to capitalize on the exciting opportunities ahead.”Īdjusted EBITDA (non-GAAP financial measure) “Our customer engagement is stronger than ever, driving incredible momentum in the business, and the return of our impactful, in-person events – such as REVOLVE Festival – is further strengthening our connection with the next-generation consumer,” said co-founder and co-CEO Michael Mente. “These impressive results and our consistent delivery of profitable growth reflect outstanding performance across the REVOLVE and FWRD segments, underscoring our team’s ability to execute and navigate through what continues to be a very challenging macro environment.” “We’ve had an exceptional start to the year, highlighted by 58% net sales growth year-over-year in the first quarter, record quarterly growth in active customers, and record levels of net income and operating cash flow for any first quarter,” said co-founder and co-CEO Mike Karanikolas. (NYSE: RVLV), the next-generation fashion retailer for Millennial and Generation Z consumers, today announced financial results for the first quarter ended March 31, 2022.
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