Rent the Runway up after quarterly sales rise
03/06/2026 14:25
BUZZ-Rent the Runway up after quarterly sales rise ** Shares of apparel rental firm Rent the Runway RENT.O up 11.3% at $4.14 premarket
** Co's Q1 sales rise 29% to $89.9 million, helped by hike in subscriber engagement and demand for its product launches
** Logs quarterly net loss of $18.9 million, compared with a $26.1 million loss a year earlier
** Co names Dave Loretta, former chief financial officer of The Honest Company, as its interim CFO
** RENT is actively conducting a search for a permanent CEO after Jennifer Hyman stepped down from the role
** Co named retail veteran and board member Teri Bariquit as interim CEO in May
** As of last close, RENT was down ~53% YTD
(Reporting by Sanskriti Shekhar in Bengaluru)