Rent the Runway (RENT) Shares Surge 10% Following Q1 Results

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Rent the Runway, Inc. Announces First Quarter 2022 Results

June 9, 2022 4:01 PM EDT

Strong revenue momentum: Q1 2022 revenue up 100% year-over-year

Achieves record ending Active Subscriber count

Significant increase in Gross Margin to 34%, up 9 percentage points YoY

NEW YORK, June 09, 2022 (GLOBE NEWSWIRE) -- Rent the Runway, Inc. (Rent the Runway) (NASDAQ: RENT), the worlds first and largest shared designer closet platform, today reported financial results for the fiscal quarter ended April 30, 2022.

Im excited to share that we exceeded our Q1... More

Rent the Runway, Inc. Announces First Quarter 2022 Results

June 9, 2022 4:01 PM EDT

Strong revenue momentum: Q1 2022 revenue up 100% year-over-year

Achieves record ending Active Subscriber count

Significant increase in Gross Margin to 34%, up 9 percentage points YoY

NEW YORK, June 09, 2022 (GLOBE NEWSWIRE) -- Rent the Runway, Inc. (Rent the Runway) (NASDAQ: RENT), the worlds first and largest shared designer closet platform, today reported financial results for the fiscal quarter ended April 30, 2022.

Im excited to share that we exceeded... More