Rent the Runway, Inc. (NASDAQ: RENT) released its fourth quarter financial results before the regular trading session commenced.
The company reported a quarterly net loss of $3.44 per share, which was below the anticipated $3.28 loss.
Revenue for the quarter was $76.4 million, falling short of Wall Street’s $77.6 million estimate.
The quarterly loss confined 51 percent compared to year-on-year, while revenue showed 1 percent annual growth.
For Q1 2025, RENT has projected revenue to be in the range of $68.00 to $70.00 million, whereas analysts on Wall Street predict a revenue of $76.50 million.
