Rent The Runway reports Q1 EPS ($6.58) vs. (6.03) last year

Reports Q1 revenue $69.6M vs. $75M last year. “I have conviction that this quarter’s results prove that our focus on transforming our inventory and getting back to our customer-obsessed roots is working,” said Jennifer Hyman, Co-Founder, CEO and Chair of Rent the Runway (RENT). “We made a big bet on new inventory and we’ve already seen higher customer engagement and retention. I believe that Rent the Runway’s momentum and customer loyalty is back.”