Investing.com - Rent the Runway reported on Monday second quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Rent the Runway announced earnings per share of $-0.53 on revenue of $76.5M. Analysts polled by Investing.com EPS of $-0.6534 on revenue of $73.57M.
Rent the Runway 's are down 53% and is trading at $4.93 , still down 80.10% from its 52 week high of $24.77 set on Wednesday, October 27, 2021.
Rent the Runway follows other major Consumer Discretionary sector earnings this month
Rent the Runway's report follows an earnings beat by Home Depot on Tuesday, August 16, 2022, who reported EPS of $5.05 on revenue of $43.79B, EPS of $4.95 on revenue of $43.36B.
Lowe’s had beat expectations on Wednesday, August 17, 2022 with second quarter EPS of $4.67 on revenue of $27.48B, for EPS of $4.58 on revenue of $28.12B.
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