Rent the Runway Q1 EPS $(0.46) Beats $(0.49) Estimate, Sales $74.20M Beat $73.19M Estimate
Portfolio Pulse from Benzinga Newsdesk
Rent the Runway (NASDAQ:RENT) reported Q1 EPS of $(0.46), beating the $(0.49) estimate, and sales of $74.20M, beating the $73.19M estimate. This represents a 31.34% increase in EPS and a 10.58% increase in sales compared to the same period last year.
June 07, 2023 | 8:02 pm
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Rent the Runway's Q1 EPS and sales beat estimates, with a 31.34% increase in EPS and a 10.58% increase in sales YoY.
Rent the Runway's Q1 earnings beat analyst estimates, with EPS increasing by 31.34% and sales increasing by 10.58% compared to the same period last year. This positive financial performance is likely to have a short-term positive impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100