Rent The Runway Q1 2024 EPS $(6.03) Up From $(9.14) YoY; Revenue $75M Up From $74.2M YoY
Portfolio Pulse from Benzinga Newsdesk
Rent The Runway reported its Q1 2024 earnings per share (EPS) of $(6.03), an improvement from $(9.14) year-over-year. Revenue increased to $75 million from $74.2 million year-over-year.
June 06, 2024 | 8:02 pm
News sentiment analysis
Sort by:
Ascending
POSITIVE IMPACT
Rent The Runway's Q1 2024 earnings showed an improvement in EPS to $(6.03) from $(9.14) YoY, and a slight increase in revenue to $75 million from $74.2 million YoY.
The improvement in EPS and the slight increase in revenue indicate positive financial performance for Rent The Runway. This could lead to a short-term positive impact on the stock price as investors react to the better-than-expected earnings.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100