Rent the Runway Inc - Ordinary Shares - Class A

NASDAQ:RENT   3:59:54 PM EDT
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Other Pre-Announcement

Rent The Runway, Inc. Announces First Quarter 2022 Results

Published: 06/09/2022 20:42 GMT
Rent the Runway Inc - Ordinary Shares - Class A (RENT) - Rent the Runway, Inc. Announces First Quarter 2022 Results.
Sees Q2 Revenue $72 Million to $74 Million.
Q1 Revenue Rose 100 Percent to $67.1 Million.
Sees 2022 Revenue in Range of $295.0 Million to $305.0 Million.
Qtrly Loss per Share $0.67.
Quarter-end 134,998 Ending Active Subscribers, Up 82% From 74,018 at End of Q1 of Fiscal Year 2021.
Q1 Earnings per Share View $-0.73, Revenue View $64.1 Million -- Refinitiv Ibes Data (analyst estimates).
FY2022 Revenue View $202.5 Million -- Refinitiv Ibes Data (analyst estimates).
Are Reiterating Our Outlook of 45%-50% Yoy Revenue Growth in Fiscal Year 2022.
Q2 Revenue View $70.5 Million -- Refinitiv Ibes Data (analyst estimates).