Rent the Runway (RENT) Tops Q3 EPS by 15c, Revenues Miss; Guides Revenues Slightly Above the Street
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Rent the Runway, Inc. Announces Third Quarter 2022 Results & Raises Guidance
December 7, 2022 4:01 PM ESTAchieved record quarterly Revenue: Q3 2022 Revenue up 31% YoY
Significant progression in Gross Margin to 41%, up 7 percentage points YoY
Q3 2022 Net Loss of $(36.1)M vs. $(87.8)M in Q3 2021; Q3 2022 includes $5.8MÂ of restructuring-related charges
Strong Adjusted EBITDA of $6.6M, up from $(5.6)M in Q3 2021
Company raises annual Revenue and Adjusted EBITDA margin outlook
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