CNBC
•76% Informative
Urban Outfitters' clothing rental service Nuuly has eked out its first profit thanks to a steady stream of new subscri Rent the Runway ping 86% jump in revenue.
Competitor nearly 15 years has yet to turn a profit nearly 15 years into its history 300,000 ly offer $65.5 million ly subscription the three months ended Oct. 31 hing Urban rban's namesake brand saw sales drop by about 12% to $32 the quarter
Urban Outfitters' also fell by 14.2%, which Nuuly orse than analysts first expected.
In its release, Urban didn't share any guidance on what 86% expects for its holiday quarter and overall fiscal year. < Rent the Runway maryFeed_highLightText__NxlGi">fi nearly 15 years > 98 " monthly liday quarter
VR Score
85
Informative language
90
Neutral language
51
Article tone
informal
Language
English
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47
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Attention-grabbing headline
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short-lived
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