Brief: Rent The Runway Inc Announces Q3 Results, Raises Guidance

Rent the Runway

07/12/2022 21:24

Dec 7 (Reuters) - Rent The Runway Inc  RENT.O :
    * RENT THE RUNWAY, INC. ANNOUNCES THIRD QUARTER 2022 RESULTS
&
RAISES GUIDANCE
    * COMPANY RAISES ANNUAL REVENUE AND ADJUSTED EBITDA MARGIN
OUTLOOK
    * QTRLY REVENUE WAS $77.4 MILLION, A 31% INCREASE
YEAR-OVER-YEAR
FROM $59.0 MILLION IN Q3 OF FISCAL YEAR 2021
    * SEES Q4 FISCAL YEAR 2022 REVENUE IN RANGE OF $72 MILLION
TO $74
MILLION
    * SEES Q4 FISCAL YEAR 2022 ADJUSTED EBITDA MARGIN OF 4% TO
5%
    * SEES FY 2022 REVENUE IN RANGE OF $293 MILLION TO $295
MILLION
    * QTRLY LOSS PER SHARE $0.56
    * Q3 EARNINGS PER SHARE VIEW $-0.56, REVENUE VIEW $72.9
MILLION --
REFINITIV IBES DATA
    * Q4 EARNINGS PER SHARE VIEW $-0.51, REVENUE VIEW $71.7
MILLION --
REFINITIV IBES DATA

Source text for Eikon:  ID:nGNX828wjs 
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