Revolve the stock is getting crushed today, but Revolve the company delivered what I thought was a great quarter:
- 10% top line beat with growth continuing to exceed 30% into May as comps get much tougher (20-25% 2022 target).
- GPM beat along with every other profit metric.
- 3rd straight Q of record customer adds.
- record free cash flow (& OCF) & all margin contraction via a higher tax rate & also recovering operational spend as they lean back into marketing post pandemic.
I know I know... earnings drift.
But I added a little to my stake today. 🙂
Two thumbs up from me. 👍👍