$Revolve Group (RVLV.US)$🎯 2023.9.8 The current price is 13...

New data: 2023Q2

Q2 revenue declined by 5.6%, operating profit shrank by 62%, and net profit by 55.1%.

Revenue fell by 3.5% in the first half of 2023, and operating profit shrank by 59% due to the decline in gross margin. What is surprising is that under such operating results, management expenses are still increasing, and net profit shrank by 44.7%.

There was a slight decline in inventories in the first two quarters, there are still no interest-bearing liabilities, and the financial situation is still quite good.

Currently, the price-earnings ratio is 16.6, and the price-earnings ratio TTM has risen to 23.4. If net profit shrinks by 45% for the whole year, the price-earnings ratio will rise to 30. If there is an opportunity to resume growth, the price-earnings ratio of 30 times is still within the normal range for online retail. Considering that the balance sheet is still stable, positions are still on the sidelines.