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BRIEF-Rent The Runway, Inc. Announces First Quarter 2022 Results

reuters.com · 06/09/2022 16:35
BRIEF-Rent The Runway, Inc. Announces First Quarter 2022 Results

Rent the Runway Inc RENT:

  • RENT THE RUNWAY, INC. ANNOUNCES FIRST QUARTER 2022 RESULTS

  • SEES Q2 REVENUE $72 MILLION TO $74 MILLION

  • Q1 REVENUE ROSE 100 PERCENT TO $67.1 MILLION

  • SEES 2022 REVENUE IN RANGE OF $295.0 MILLION TO $305.0 MILLION

  • QTRLY LOSS PER SHARE $0.67

  • QUARTER-END 134,998 ENDING ACTIVE SUBSCRIBERS, UP 82% FROM 74,018 AT END OF Q1 OF FISCAL YEAR 2021

  • Q1 EARNINGS PER SHARE VIEW $-0.73, REVENUE VIEW $64.1 MILLION -- REFINITIV IBES DATA

  • FY2022 REVENUE VIEW $202.5 MILLION -- REFINITIV IBES DATA

  • ARE REITERATING OUR OUTLOOK OF 45%-50% YOY REVENUE GROWTH IN FISCAL YEAR 2022

  • Q2 REVENUE VIEW $70.5 MILLION -- REFINITIV IBES DATA

Source text for Eikon: ID:nGNX4j0XfK

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