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Stock impact report

Revolve Group withdraws guidance, highlights balance sheet [Seeking Alpha]

Revolve Group, Inc. Class A (RVLV) 
Last revolve group, inc. class a earnings: 2/25 04:05 pm Check Earnings Report
Company Research Source: Seeking Alpha
Consumer Revolve Group withdraws guidance, highlights balance sheet Mar. 20, 2020 7:03 PM ET | Revolve Group, Inc. (RVLV) Jason Aycock Revolve Group (NYSE: withdraw guidance Q1 started strong with net sales up more than 20% (January and February combined, year-over-year), and that trend continued into the first week of March, the company says. But recent days have seen significant sales declines. And social-distancing requirements have resulted in postponement or cancellation of several marketing events, including the Revolve Festival. Liquidity on the balance sheet is strong at $85M, the company says, up $20M from Dec. 31. It also has a $75M line of credit, and it elected to draw $30M yesterday out of an abundance of caution. Shares are up 1.3% declined 13.1% Click to subscribe to real-time analytics on RVLV Now read: Daily Insider Ratings Round Up 3/10/20 » From other sites Show less Read more
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