RENT News and Press, Rentrak Corp. From 06/10/22

Rent the Runway, Inc. (RENT) Q1 2022 Earnings Conference Call June 9, 2022 16:30 ET Company Participants Janine Stichter - Vice President of Investor Relations Jen Hyman - Co-Founder, Chairman & Chief Executive Officer Scarlett O’Sullivan - Chief Financial Officer Conference Call P...

Rent the Runway (NASDAQ:RENT) ran higher as its margins and subscriber numbers grew rapidly from 2021. For the first quarter, the company missed GAAP EPS estimates by one cent, while revenue missed expectations by a narrow $2.96M despite marking a triple digit gain from the prior year.  ...

Rent the Runway press release (NASDAQ:RENT): Q1 GAAP EPS of -$0.67 misses by $0.01. Revenue of $67.1M (+100.3% Y/Y) beats by $2.96M. Adjusted EBITDA was $(8.8)M, as compared to $(6.2)M in the first quarter of fiscal year 2021. Revenue in the range of $72.0M to $74.0M in the 2Q for the physica...

Strong 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 ...

Investors are rushing out of high-growth plays and story stocks once again as the valuation reset continues amid the prospect for higher interest rates and slowing economic growth. The risk-off trading mindset coincides with the 10-year Treasury drifting up to 3.05% and a new report from the ...

Rent the Runway’s share price has been pummelled since its IPO in October 2021, dropping 80%. An increase in appetite from the American public to socialise, attend events, and return to work will grow the company’s active subscriber base and positively impact their reven...

The mall sector is sliding after a soft earnings report from Abercrombie & Fitch (NYSE:ANF -30.3%) sparked another round of selling by investors. The retailer set off a wave of worry after cutting its full-year guidance for sales and margins and posted a surprise quarterly loss as costs s...

NEW YORK, May 19, 2022 (GLOBE NEWSWIRE) -- Rent the Runway, Inc. (“Rent the Runway”) (Nasdaq: RENT) announced today that it will participate in the Morgan Stanley Sustainable Futures Conference on Wednesday, May 25, 2022 at 1:15 PM ET. The live webcast of this event will be av...

NEW YORK, May 18, 2022 (GLOBE NEWSWIRE) -- Rent the Runway, Inc. (“Rent the Runway”) (Nasdaq: RENT) announced today that it will release its first quarter 2022 financial results for the quarter ended April 30, 2022 on Thursday, June 9, 2022, after market close. Rent the Runway...

ThredUP (NASDAQ:TDUP) released the results of the 2022 Resale Report conducted by third-party retail analytics firm GlobalData. The study forecast that the U.S. secondhand market is expected to more than double by 2026 to reaching $82 billion. The global secondhand apparel market is seen...