| Dec'19 | Dec'18 | Dec'17 | ||||
|---|---|---|---|---|---|---|
Net sales | ||||||
600,993 | 498,739 | 399,597 | ||||
Cost of sales | ||||||
279,040 | 233,433 | 205,907 | ||||
Gross profit | ||||||
321,953 | 265,306 | 193,690 | ||||
Operating expenses: | ||||||
Fulfillment | ||||||
19,413 | 13,292 | 9,458 | ||||
Selling and distribution | ||||||
87,706 | 70,621 | 50,766 | ||||
Marketing | ||||||
89,141 | 74,394 | 55,476 | ||||
General and administrative | ||||||
77,595 | 65,201 | 57,468 | ||||
Total operating expenses | ||||||
273,855 | 223,508 | 173,168 | ||||
Income from operations | ||||||
48,098 | 41,798 | 20,522 | ||||
Other (income) expense, net | ||||||
-931 | -631 | -1,431 | ||||
Income before income taxes | ||||||
47,167 | 41,167 | 19,091 | ||||
(Benefit from) provision for income taxes | ||||||
11,500 | 10,529 | 14,091 | ||||
Net income | ||||||
35,667 | 30,638 | 5,000 | ||||
Less: Net loss attributable to non-controlling interest | ||||||
- | -47 | -347 | ||||
Net income attributable to Revolve Group, Inc. | ||||||
35,667 | 30,685 | 5,347 | ||||
Less: Repurchase of Class B common stock upon corporate conversion | ||||||
40,816 | - | - | ||||
Net (loss) income attributable to common stockholders | ||||||
-5,149 | 30,685 | 5,347 | ||||
Earnings per share of Class A and Class B common stock: | ||||||
Basic | ||||||
-0.09 | 0.47 | 0.08 | ||||
Diluted | ||||||
-0.09 | 0.44 | 0.08 | ||||
Weighted average Class A and Class B common shares outstanding: | ||||||
Basic | ||||||
57,294 | 41,936 | 41,936 | ||||
Diluted | ||||||
57,294 | 44,584 | 44,044 | ||||