Revolve Group Inc (NYSE:RVLV) Q1 2020 Earnings Conference Call - Final Transcript

May 13, 2020 • 04:30 pm ET

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Revolve Group Inc (NYSE:RVLV) Q1 2020 Earnings Conference Call - Final Transcript

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Presentation
Operator
Operator

Ladies and gentlemen, thank you for standing by, and welcome to the Revolve Group First Quarter Conference Call. [Operator Instructions] I would now like to hand the conference over to your speaker today, Erik Randerson, Vice President of Investor Relations. Thank you. Please go ahead, sir.

Executive
Erik Randerson

Good afternoon everyone, and thanks for joining us to discuss Revolve's first-quarter 2020 results. Before we begin, I would like to mention that we have posted a presentation containing Q1 2020 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. These statements include our expectations regarding risks related to the continued impact of the COVID-19 pandemic on our business, operations and financial results, demand for our products, general economic conditions, our fluctuating operating results, seasonality in our business, our ability to acquire products on reasonable terms, our online business model, our ability to attract customers in a cost effective manner, the strength of our brand, competition, fraud, system interruptions, our ability to fulfill orders, financial results and our guidance, market opportunities, our owned brand mix, our inventory position, our diluted share count, our investments in customer experiences and fulfillment centers.

These statements which are subject to various risks, uncertainties and assumptions, could cause our actual results to differ materially from these statements. These risks, uncertainties and assumptions are detailed in this afternoon's press release as well as in our filings with the SEC including our registration statement on Form S-1 that was filed with the SEC, our Form 10-K that was filed with the SEC on February 26, 2020, and the Form 10-Q that will be filed, 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 in some of our financial discussions as we believe they more accurately represent the true operational performance and underlying results of our business. 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 GAAP to non-GAAP measures as well as the description, limitations and rationale for using these measures can be found in this afternoon's press release and our SEC filings.

Joining me on the call today are co-founders and co-CEOs, Mike Karanikolas and Michael Mente; as well as Jesse Timmermans, our CFO. Following our prepared remarks, we'll open the call for your questions. With that, I'll turn the call over to Mike.

Executive
Mike Karanikolas

Thanks Erik. Good afternoon everyone. Thanks for joining us today. We hope each of you and your families are safe and healthy.

Today, we are only going to