Recap: Rent the Runway Q1 Earnings

Rent the Runway RENT reported its Q1 earnings results on Wednesday, June 7, 2023 at 04:01 PM.

Here's what investors need to know about the announcement.

Rent the Runway beat estimated earnings by 6.12%, reporting an EPS of $-0.46 versus an estimate of $-0.49.

Revenue was up $7.10 million from the same period last year.

Last quarter the company beat on EPS by $0.11 which was followed by a 4.6% drop in the share price the next day.

Here's a look at Rent the Runway's past performance:

Quarter	Q4 2022	Q3 2022	Q2 2022	Q1 2022
EPS Estimate	-0.51	-0.56	-0.65	-0.73
EPS Actual	-0.40	-0.47	-0.53	-0.67
Revenue Estimate	75.23M	72.91M	73.26M	64.14M
Revenue Actual	75.40M	77.40M	76.50M	67.10M

To track all earnings releases for Rent the Runway visit their earnings calendar here.

This article was generated by Benzinga's automated content engine and reviewed by an editor.