Rent The Runway, Inc. Q3 Loss Declines

(RTTNews) - Rent the Runway, Inc. (RENT) reported Loss for third quarter that decreased from the same period last year

The company's bottom line totaled -$18.9 million, or -$4.94 per share. This compares with -$31.5 million, or -$9.09 per share, in last year's third quarter.

The company's revenue for the quarter rose 4.7% to $75.9 million from $72.5 million last year.

Rent the Runway, Inc. earnings at a glance (GAAP) :

-Earnings (Q3): -$18.9 Mln. vs. -$31.5 Mln. last year. -EPS (Q3): -$4.94 vs. -$9.09 last year. -Revenue (Q3): $75.9 Mln vs. $72.5 Mln last year.

-Guidance: Next quarter revenue guidance: $74.4 to $80.3 Mln Full year revenue guidance: Growth of 2% to 4%