Reformation's First Public Quarter: 24% Revenue Growth, Upbeat FY26 Guidance
REF is trading near its 52-week low of $12.83 (6.0% above the low).
Summary
Reformation's first earnings report as a public company delivered 24% revenue growth, a 79% surge in net income to $12.4M, and EPS of $0.23, beating estimates by a penny. This marks the 21st consecutive quarter of double-digit revenue growth, with DTC up 21.2%, wholesale up 48.7%, and active customers up 22.9%. Gross margin expanded 230 bps to 66.7% on lower tariffs and higher average unit retail. Full-year guidance of $602M-$606M revenue (18.6%-19.5% growth) and 14%-14.2% adjusted EBITDA margin came in above consensus. The company plans to open 15-16 new stores with $23M-$27M capex. Shares are higher in after-hours trading.
At the time of this announcement, REF was trading at $13.60 on NYSE in the Trade & Services sector, with a market capitalization of approximately $776.9M. The 52-week trading range was $12.83 to $17.26. This news item was assessed with positive market sentiment and an importance score of 8 out of 10. Source: Seeking Alpha.