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 anticipated EPS of $-0.6534 on revenue of $73.57M.
Rent the Runway shares are down 53% from the beginning of the year and are trading at $4.93 , down-from-52-week-high.
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 August 16, who reported EPS of $5.05 on revenue of $43.79B, compared to forecasts EPS of $4.95 on revenue of $43.36B.
Lowe’s had beat expectations on August 17 with second quarter EPS of $4.67 on revenue of $27.48B, compared to forecast for EPS of $4.58 on revenue of $28.12B.
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