In Q1, both segments posted positive results, with Revolve posting higher sales and FWRD demonstrating stronger growth. Revolve's segment net sales were $237.7 million, up 56% year over year, and FWRD's was $45.8 million, up 71% year over year. FWRD's net sales have more than tripled in the past three years under Revolve's umbrella as the company tries to push its core customers over to the high-end fashion website.
Shares of Dollar General (NYSE: DG) are down 13.3% so far this week, according to S&P Global Market Intelligence. There wasn't any news from the discount retailer, but poorly received earnings reports from other retailers like Target and Walmart made investors sell off the entire sector, and Dollar General was not immune. Earlier this week, both Target and Walmart reported their latest quarterly results.
LOS ANGELES, May 16, 2022--Revolve Group, Inc. (NYSE: RVLV), the next-generation fashion retailer for Millennial and Generation Z consumers, will present at the following investor conferences: