Revolve Group reports 16 percent net sales increase for first quarter

US-based fashion retailer Revolve Group has announced its financial results for the first quarter ended March 31, 2026, reporting a 16 percent year-over-year (YoY) increase in net sales to 342.90 million dollars. The company, which caters primarily to Millennial and Gen Z consumers, noted that the performance exceeded the 10 percent YoY growth recorded in the fourth quarter of 2025.

The retailer reported net income of 13.80 million dollars, representing a 21 percent increase compared to the same period in the previous year. Diluted earnings per share (EPS) rose by 25 percent to 0.20 dollars, up from 0.16 dollars in the first quarter of 2025. Adjusted EBITDA reached 21.10 million dollars, a 9 percent improvement over the prior year.

Performance across segments and regions

The Revolve segment generated 293.20 million dollars in net sales, an increase of 15 percent YoY. The FWRD segment outperformed with a 17 percent increase, reaching 49.60 million dollars. International operations showed significant momentum with a 20 percent increase in net sales to 68.90 million dollars, while domestic net sales in the US grew by 15 percent to 274 million dollars.

Revolve co-founder and co-chief executive officer Mike Karanikolas stated that “outstanding execution” within a dynamic environment led to continued market share gains. Co-CEO Michael Mente highlighted progress in longer-term initiatives, including international expansion and the advancement of artificial intelligence technology.

Strategic developments and brand launches

The company recently introduced Revolve Los Angeles, its first namesake label, supported by brand marketing investments. In the beauty sector, the retailer launched Grow-Good Beauty hair care products in partnership with Cardi B. The collection reportedly sold out in less than one hour and has secured more than 640,000 followers on Instagram.

Revolve is also expanding its brick and mortar presence, having entered into a lease for a third retail store in Miami. The location is expected to open by the end of 2026.

Financial position and outlook

The retailer’s balance sheet remains debt free, with cash and cash equivalents totaling 335.80 million dollars as of March 31, 2026.

Looking ahead, Revolve provided guidance for the second quarter of 2026, projecting a gross margin between 54.1 percent and 54.6 percent. For the full year, the company updated its gross margin outlook to a range of 53.5 percent to 54 percent. Net sales in April 2026 have already shown a 14 percent YoY increase, maintaining the positive momentum from the first quarter.