Revolve Group Inc Class A

RVLV: XNYS (USA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	$71.00	Ljpw	Qyhvykjmp

Revolve Earnings: Sluggish Demand Remains Near-Term Concern, but Long-Term Fundamentals Are Intact

Sean Dunlop , Grace Na

Nov 2, 2023

No-moat Revolve delivered solid fiscal 2023 third-quarter results, with net sales of $257.6 million topping our $248.9 million forecast, while diluted EPS of $0.04 matched our estimate. Although we intend to trim our near-term forecast, consistent with tempered fourth-quarter guidance, we plan to lower our $29.50 fair value estimate by a low-single-digit percentage as we view long-term prospects as largely intact.

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