BUZZ-Rent the Runway up after quarterly sales rise

Rent the Runway

Rent the Runway

RENT

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** Shares of apparel rental firm Rent the Runway RENT.O up 11.3% at $4.14 premarket

** Co's Q1 sales rise 29% to $89.9 million, helped by hike in subscriber engagement and demand for its product launches

** Logs quarterly net loss of $18.9 million, compared with a $26.1 million loss a year earlier

** Co names Dave Loretta, former chief financial officer of The Honest Company, as its interim CFO

** RENT is actively conducting a search for a permanent CEO after Jennifer Hyman stepped down from the role

** Co named retail veteran and board member Teri Bariquit as interim CEO in May

** As of last close, RENT was down ~53% YTD


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