$RVLV · Financial Education · 2026-11-04
RVLV 最新季度净销售额增长 20%，但成本上升更快（销售成本 +22%、履约成本 +24%、销售/分销费用 +23%），营业利润下降 9%，每股收益下降 31%。说话者并不关注这些短期成本问题，预期成本将得到控制、营收快速增长将延续，并称资产负债表非常出色，将在明年重新评估利润表。
逐段跳播
这三只股票中的第二只是RVLV Revolve。这只股票目前略低于20美元，报19.98美元。我们在公开账户上从这只股票赚了大约2万美元利润，对吧？这是一家电商公司。他们卖衣服。
嗯，平均订单金额通常在200或300美元左右。目前，它的财报已在过去24小时内发布。说到这个，净销售额增长很棒，达到20%。这很好，但他们在本季度遇到了成本问题。因此，销售成本增长了22%。
因此，毛利润增长了19%，低于净销售额。履约成本增长了24%，销售和分销成本增长了23%。这些按百分比计算都远高于营收和毛利润。所以，这不是我们想看到的，对吧？营销成本高达26%，GNA成本高达20%。
不是吗？总运营费用增长了23%。结果，营业收入实际上同比下降了9%。嗯，这里的其他收入，算是伤害了他们的一次性项目。所以，请记住这一点，或者说，它在这里对他们的帮助小了很多，也就是说，收益是190万美元，而对比是730万美元。
好，所以税前收入下降了25%，但如果没有这笔巨大的助力，就不会是那样，去年会低得多。呃，净利润下降了27%，Revolve的EPS下降了31%。所以我不看短期的成本问题。我相信他们会控制住这些成本，并继续以快速的速度增长营收。
然后，你知道，我想我会在明年评估Revolve的利润表。而且嗯，我们会评估，你知道，A级和B级的利润表，依我个人看法。顺便说一句，那家公司还有一份非常出色的资产负债表。
The second of these three stocks is this one, RVLV Revolve. This stock is currently just below $20, at $19.98. We made about $20,000 in profit on this stock in the public account, right?
And this is an e-commerce company. They sell clothes. Hmm, the average order amount is usually around $200 or $300. Right now, its earnings report has been published within the last 24 hours.
And, when it comes to this, the net sales growth was great, 20%. That's great, but they had cost issues during the quarter. Therefore, the cost of sales increased by 22%. Therefore, gross profit increased by 19% less than net sales.
Fulfillment costs increased by 24% and selling and distribution costs increased by 23%. These are much higher than revenue and gross profit as a percentage. So, this is not what we want to see, right?
Marketing costs were as high as 26% and GNA costs were as high as 20%. Isn't that right? Total operating expenses increased by 23%. As a result, operating income actually decreased by 9% year-on-year.
Um, other income here, it's kind of a one-time thing that hurt them here. So, keep in mind that or, you know, it helped them a lot less here, meaning it was $1.9 million versus $7.3 million as a benefit.
Okay, so pre-tax income is down 25%, but without this huge aid it wouldn't have been that much, it would have been much lower last year. Uh, net income fell 27% and EPS for Revolve fell 31%.
So I'm not looking at short-term cost issues. I believe they will get those costs under control and they will continue to grow revenue at a rapid rate. And then, you know, I think I'll evaluate Revolve's income statement next year.
And um, we will evaluate, you know, A and B grade income statements, in my personal opinion. And by the way, I also have an amazing balance sheet for that company.
观察点
这个频道对 $RVLV 的历次判断
Financial Education 在这只股票上共 3 条判断，这里只列相邻的几条。