RENT - Rent the Runway rallies as Q4 loss narrows revenue beats expectations
2024-04-10 16:50:55 ET
Shares of Rent the Runway ( NASDAQ: RENT ) were catapulted higher in Wednesday’s after-hours trade after the company showed a narrower loss from a year ago with modest subscriber retention for the year. The company also expects initiatives set in place this year will result in a “transformative year” in 2024. ...
Rent the Runway rallies as Q4 loss narrows, revenue beats expectations