Sprouts Farmers Market closes $600 million revolving credit facility
CERRITOS, Calif.—MMMK Development, Inc., a significant shareholder in Revolve Group , Inc. (NYSE:RVLV), a $1.7 billion market cap fashion retailer, recently executed a notable stock transaction involving the company’s Class A common stock. According to InvestingPro data, RVLV shares have declined about 27% year-to-date, currently trading at $24.29. On March 3, 2025, MMMK Development sold 12,566 shares at an average price of $25.94, totaling approximately $325,962.
This transaction was conducted under a pre-established Rule 10b5-1 trading plan, which was adopted by the shareholder on August 15, 2024. The shares were sold in multiple transactions, with prices ranging from $25.86 to $26.22.
Additionally, the filing notes the conversion of Class B common stock into Class A common stock, which took place automatically upon sale. This conversion involved 12,566 shares, aligning with the number of shares sold. Following these transactions, MMMK Development no longer holds any shares of Class A common stock directly. For deeper insights into insider trading patterns and comprehensive analysis, including 13 additional ProTips, check out the full RVLV research report on InvestingPro.
In other recent news, Revolve Group reported its fourth-quarter 2024 earnings, surpassing analyst expectations with an earnings per share of $0.17, compared to the forecasted $0.10. The company achieved a revenue of $294 million, exceeding the anticipated $282.67 million. Despite these positive financial results, Revolve’s stock experienced a decline in aftermarket trading, which may reflect broader market concerns. The company reported a net income of $12 million, more than tripling from the previous year, and adjusted EBITDA reached $18 million, marking a 114% increase year-over-year. Revolve’s strategic expansion into new product categories, such as beauty and home, along with AI-driven innovations, significantly contributed to its growth. The firm also highlighted strong international sales growth of 14% year-over-year. Looking forward, Revolve has set guidance for a gross margin of 52.4-52.9% for 2025, with plans to continue investments in AI, brand development, and physical retail. In terms of analyst perspectives, the company’s performance and strategic initiatives were noted positively, with expectations for continued growth.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.