Revolve Group, Inc. (NYSE:RVLV) Q1 2022 Earnings Conference Call May 3, 2022 4:30 PM ET

Company Participants

Erik Randerson - Vice President of Investor Relations

Mike Karanikolas - Co-Founder, Co-Chief Executive Officer & Chairman of the Board

Michael Mente - Co-Founder, Co-Chief Executive Officer & Director

Jesse Timmermans - Chief Financial Officer

Conference Call Participants

Lorraine Hutchinson - Bank of America

Anna Andreeva - Needham

Mark Altschwager - Baird

Seth Sigman - Guggenheim

Michael Binetti - Credit Suisse

Lauren Schenk - Morgan Stanley

Camilo Lyon - BTIG

Oliver Chen - Cowen

Matt Koranda - ROTH Capital Partners

Tom Nikic - Wedbush Securities

Jim Duffy - Stifel

Dylan Carden - William Blair

Aaron Kessler - Raymond James

Simeon Siegel - BMO Capital Markets

Susan Anderson - B. Riley

Operator

Good afternoon. My name is Abby and I will be your conference operator today. At this time, I would like to welcome everyone to REVOLVE's First Quarter 2022 Earnings Conference Call. All lines have been placed on mute to prevent any background noise. After the speakers' remarks, there will be a question-and-answer session. [Operator Instructions] Thank you.

And at this time, I'd like to turn the conference over to Erik Randerson, Vice President of Investor Relations at REVOLVE. Thank you and you may begin.

Erik Randerson

Good afternoon, everyone and thanks for joining us to discuss REVOLVE's first quarter 2022 results. Before we begin, I'd like to mention that we have posted a presentation containing Q1 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 current expectations regarding the continued impact of the COVID-19 pandemic on our business, operations and financial results, including near-term sales in Greater China, our growth and market opportunities and related macro and industry trends, our plans to broaden our offerings, our plans to expand our operations footprint and the expected impact on delivery times, our marketing investments and invest on seasonality pattern, our freight costs, the convergence of year-over-year growth rates at active customers and net sales 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, 2021 and our subsequent quarterly reports on Form 10-Q, all of which can be found on our website at investors.revolve.com.