Brief: Rent The Runway Reports Q1 Loss Per Share Of $0.46

Rent the Runway

07/06/2023 21:33

June 7 (Reuters) - Rent The Runway Inc  RENT.O :
    * RENT THE RUNWAY, INC. ANNOUNCES FIRST QUARTER 2023 RESULTS
    * QTRLY REVENUE WAS $74.2 MILLION, UP 10.6%
    * SEES Q2 REVENUE IN RANGE OF $77.0 MILLION TO $79.0 MILLION
    * SEES FY REVENUE IN RANGE OF $320 MILLION TO $330 MILLION
    * QTRLY LOSS PER SHARE $0.46
    * YOY REDUCTION IN CASH CONSUMPTION BY ALMOST 50% FOR 2023
    * Q1 EARNINGS PER SHARE VIEW $-0.49, REVENUE VIEW $73.2
MILLION --
REFINITIV IBES DATA
    * Q2 REVENUE VIEW $81.0 MILLION -- REFINITIV IBES DATA
    * FY2023 REVENUE VIEW $294.4 MILLION -- REFINITIV IBES DATA
    * REITERATING FISCAL 2023 GOALS OF 25%+ ENDING ACTIVE
SUBSCRIBER
GROWTH

Source text for Eikon:  ID:nGNX8yzp7W 
Further company coverage:  RENT.O 

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