Revolve Group, Inc. (NYSE:RVLV) Q3 2023 Earnings Conference Call November 1, 2023 5:30 PM ET

Company Participants

Erik Randerson - Vice President of Investor Relations

Mike Karanikolas - Co-Founder and Co-Chief Executive Officer

Michael Mente - Co-Founder and Co-Chief Executive Officer

Jesse Timmermans - Chief Financial Officer

Conference Call Participants

Edward Yruma - Piper Sandler

Oliver Chen - TD Cowen

Mark Altschwager - Baird

Rick Patel - Raymond James

KunalMadhukar - UBS

Janine Stichter - BTIG

Alice Choy - Bank of America

Ashley Owens - KeyBanc Capital Markets

Dylan Carden - William Blair

Simeon Siegel - BMO Capital Markets

Jim Duffy - Stifel

Matt Koranda - Roth MKM

Tom Nikic - Wedbush Securities

Operator

Good afternoon. My name is Julianne and I will be your conference operator today. At this time, I would like to welcome everyone to Revolve third Quarter 2023 Earnings Conference Call.[Operator Instructions].

I would now like to turn the call over to Erik Randerson, Vice President of Investor Relations at Revolve. Thank you. Please go ahead.

Erik Randerson

Good afternoon everyone and thanks for joining us to discuss Revolve's third quarter 2023 results.Before we begin, I would like to mention that we have posted the presentation containing Q3 financial highlights to our investor relations website located at investors.revolve.com.

I would also like to remind you that this conference call will include forward looking statements, including statements related to our future growth and profitability and ability to generate cash flow, macroeconomic industry trends, our competitive position, our business operations and marketing initiatives and investments, average spending per active customer category expansion, international expansion, our inventory balance and management and our outlook for net sales, gross margin, operating expenses, and effective tax rate.These statements are subject to various risks, uncertainties and assumptions that could cause our actual results to differ materially from these statements, including the risks mentioned in this afternoon's press release as well as other risks and uncertainties disclosed under the caption Risk Factors and elsewhere in our filings with the Securities And Exchange Commission, including, without limitation, our annual report on Form 10-K for the year ended December 31, 2022, and our subsequent quarterly reports on Form 10-Q, all of which can be found on our website at investors.revolve.com. We undertake no obligation to revise or update any forward looking statements or information except as required by law.

During our call today, we will also reference certain non-GAAP financial information, including adjusted EBITDA and free cash flow.We use non-GAAP measures to some of our financial discussions as we believe they provide valuable insights on our operational performance and underlying operating results.The presentation of this non-GAAP financial information is not intended to be considered in isolation or as a substitute for or superior to the financial information prepared and presented in accordance with GAAP, and our non-GAAP measures may be different from non-GAAP measures used by other companies.Reconciliations of non-GAAP measures to GAAP measures as well as the definitions of each measure, their limitations the rationale for using them can be found in this afternoon's press release and in our SEC filings.