Brief: Rent The Runway Announces Fourth Quarter And Full Year 2022 Results

Rent the Runway

12/04/2023 21:17

April 12 (Reuters) - Rent The Runway Inc  RENT.O :
    * RENT THE RUNWAY, INC. ANNOUNCES FOURTH QUARTER AND FULL
YEAR
2022 RESULTS
    * SEES 2023 REVENUE IN RANGE OF $320 MILLION TO $330 MILLION
    * SEES Q1 2023  REVENUE IN RANGE OF $72 MILLION TO $74
MILLION
    * SEES 2023 ENDING ACTIVE SUBSCRIBER GROWTH OF MORE THAN 25%
    * Q1 REVENUE VIEW $76.8 MILLION -- REFINITIV IBES DATA
    * FY2023 REVENUE VIEW $294.4 MILLION -- REFINITIV IBES DATA
    * SCARLETT O’SULLIVAN, CO'S CHIEF FINANCIAL OFFICER HAS MADE
THE
DECISION TO TRANSITION OUT OF HER ROLE EFFECTIVE MAY 25, 2023
    * SID THACKER, CURRENTLY THE SVP, FP&A, HAS BEEN APPOINTED
AS
CHIEF FINANCIAL OFFICER AS OF THE EFFECTIVE DATE
    * O’SULLIVAN WILL CONTINUE TO SERVE AS AN ADVISOR TO CO
UNTIL
AUGUST 25
    * Q4 EARNINGS PER SHARE VIEW $-0.51, REVENUE VIEW $75.2
MILLION --
REFINITIV IBES DATA

Source text for Eikon:  ID:nGNX4qQJr0 
Further company coverage:  RENT.O 

 ((Reuters.Brief@thomsonreuters.com;))