Rent the Runway rises after upbeat forecast, revenue beat
06/06/2024 21:21
** Shares of clothing rental subscription service Rent the
Runway RENT.O up 4.4% at $28 in after-hours trading
** Forecasts Q2 revenue between $76 mln and $78 mln, above
analyst estimates of $75.6 mln, per LSEG data
** Co reiterates FY 2024 revenue growth guidance of between
1% and 6% vs FY23
** RENT posts Q1 revenue of $75 mln, also above estimates of
$73.7 mln
** Stock has risen 155.6% YTD
(Reporting by Juby Babu in Mexico City)
((Juby.Babu@thomsonreuters.com;))