Rent the Runway Soars 162% as Earnings Top Estimates, Showing Potential for Clothing Rental Model

• Rent the Runway stock jumped 162% after beating revenue and earnings expectations • Results indicate the clothing rental model has potential despite past struggles • Subscriber churn fell 35% as inventory issues improved • Faster website redesign aims to boost subscriber growth • Shares still down 95% from 2021 IPO, but seen as on right track