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Revolve Crushes Earnings, Sales Estimates Amid 37% Inventory Cut

Rivet's 2020 Denim Circularity report takes a deep dive into how the global denim industry is plotting its circular future amidst a worldwide pandemic.

Revolve stock jumped more than 22 percent in after-hours trading Wednesday after delivering record second-quarter earnings of 20 cents per share, record adjusted EBITDA (earnings before interest, taxes, depreciation and amortization) of $21 million, record operating cash flow of $53 million and its fastest quarterly inventory turns in six years, with only a 12 percent…

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