Revolve Group posts 10 percent net sales growth in Q1 2025
Revolve first permanent store in Aspen, Colorado Credits: Revolve Group Fashion retailer Revolve Group has announced a strong start to the year, reporting a 10 percent year-over-year increase in net sales for the first quarter ended March 31, 2025, totaling 296.7 million dollars. Adjusted EBITDA for the quarter rose to 19.3 million dollars, marking a 45 percent increase compared to the same period last year. Net income climbed to 11.4 million dollars from 10.9 million dollars in the first quarter of 2024, while diluted earnings per share (EPS) increased to 16 cents, up from 15 cents. “Our strong execution within a dynamic macro environment resulted in outstanding first quarter results, highlighted by double-digit top-line growth, 57 percent growth in operating income year-over-year, and 45 million dollars in operating cash flow that further strengthened our balance sheet,” said Mike Karanikolas, co-founder and co-CEO of Revolve Group. Co-founder and co-CEO Michael Mente echoed this sentiment, stating, “It is the strength of our team, our solid financial foundation, and our flexibility that we believe position us well to navigate through the current geopolitical and macro-uncertainty while continuing to invest in the exciting growth opportunities ahead.” The company’s Revolve segment led the performance with net sales of 254.4 million dollars, reflecting an 11 percent increase, while the FWRD segment generated 42.3 million dollars in net sales, up 3 percent. Domestic net sales grew 9 percent to 239.2 million dollars, and international sales rose 12 percent to 57.5 million dollars. Looking ahead, Revolve Group remains focused on expanding its market presence and refining its product offerings as it builds on its momentum and targets sustained growth in a rapidly evolving retail landscape.
Fashion retailer Revolve Group has announced a strong start to the year, reporting a 10 percent year-over-year increase in net sales for the first quarter ended March 31, 2025, totaling 296.7 million dollars.
Adjusted EBITDA for the quarter rose to 19.3 million dollars, marking a 45 percent increase compared to the same period last year. Net income climbed to 11.4 million dollars from 10.9 million dollars in the first quarter of 2024, while diluted earnings per share (EPS) increased to 16 cents, up from 15 cents.
“Our strong execution within a dynamic macro environment resulted in outstanding first quarter results, highlighted by double-digit top-line growth, 57 percent growth in operating income year-over-year, and 45 million dollars in operating cash flow that further strengthened our balance sheet,” said Mike Karanikolas, co-founder and co-CEO of Revolve Group.
Co-founder and co-CEO Michael Mente echoed this sentiment, stating, “It is the strength of our team, our solid financial foundation, and our flexibility that we believe position us well to navigate through the current geopolitical and macro-uncertainty while continuing to invest in the exciting growth opportunities ahead.”
The company’s Revolve segment led the performance with net sales of 254.4 million dollars, reflecting an 11 percent increase, while the FWRD segment generated 42.3 million dollars in net sales, up 3 percent. Domestic net sales grew 9 percent to 239.2 million dollars, and international sales rose 12 percent to 57.5 million dollars.
Looking ahead, Revolve Group remains focused on expanding its market presence and refining its product offerings as it builds on its momentum and targets sustained growth in a rapidly evolving retail landscape.
