Rent The Runway Stock Crashes After Q2 Report: Details
1. RENT stock plummeted 26.74% following disappointing quarterly losses. 2. Losses reached $6.55 per share, exceeding the $5.48 analyst estimate. 3. Quarterly revenue of $80.9 million surpassed estimates of $75.5 million. 4. The company announced a recapitalization plan to significantly reduce debt. 5. Subscriber growth is positive with a 13.4% increase year-over-year.