Rent the Runway gains after quarterly sales rise, net loss narrows
11/09/2026 13:43
BUZZ-Rent the Runway gains after quarterly sales rise, net loss narrows ** Shares of apparel rental firm Rent the Runway RENT.O up ~9% at $3.07 premarket
** Q2 revenue grows ~21% to $97.7 million, helped by higher subscription and rental sales as customers ramp up add-on purchases
** Posts quarterly net loss of $12.9 million compared with $26.4 million a year earlier
** Names Chief Commercial Officer Paige Thomas as its CEO; Thomas was the former chief merchant and product innovation officer at Signet Jewelers SIG.N
** As of last close, shares down 64.4% YTD
(Reporting by Shania S Thomas in Bengaluru)