Rent the Runway reports quarterly revenue above estimates -Breaking
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© Reuters. FILE PHOTO – The Rent The Runway online store allows women to rent designer dresses and accessories from the company. It was spotted in New York City on September 12, 2019. REUTERS/Shannon Stapleton(Reuters) – Rent the Runway reported Wednesday a 91% increase in fourth quarter revenue. This beat Wall Street estimates.
According to Refinitiv’s IBES data, the company earned $64.1 million in revenue, which is higher than estimates of $63.22 millions.
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