RENT - Rent The Runway Stock Soars On Mixed Q4 Results | Benzinga
Rent the Runway, Inc. (NASDAQ:RENT) reported its fourth-quarter financial results after the bell Wednesday. Here's a look at the highlights.
The Details:
Rent the Runway reported quarterly losses of $7.02 per share which missed the analyst consensus estimate of a loss of $6.53 by 7.5%.
Quarterly sales clocked in at $75.8 million which beat the analyst consensus estimate of $74.1 million by 2.29% and represents an increase over sales of $75.4 million from the same period last year.
“2023 was a year of significant improvements to the customer experience that we believe have set the foundation for a milestone fiscal year 2024,” said Jennifer ...