Rent the Runway (RENT) Reports Q1 Loss of $0.67/sh, Offers Guidance
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Rent the Runway, Inc. Announces First Quarter 2022 Results
June 9, 2022 4:01 PM EDTStrong revenue momentum: Q1 2022 revenue up 100% year-over-year
Achieves record ending Active Subscriber count
Significant increase in Gross Margin to 34%, up 9 percentage points YoY
NEW YORK, June 09, 2022 (GLOBE NEWSWIRE) -- Rent the Runway, Inc. (Rent the Runway) (NASDAQ: RENT), the worlds first and largest shared designer closet platform, today reported financial results for the fiscal quarter ended April 30, 2022.
Im excited to share that we exceeded our Q1... More
