Rent the Runway

Rent the Runway, Inc. provides online ready-to-wear and contemporary designer apparel services. It rents designer dresses, gowns, and accessories for women. The firm's online platform enables women to search and book dresses and accessories for rental for various occasions, including parties, vacations, weddings, dates, and birthdays and also sells intimates, fashion solutions, lingerie, shape wear, tights, beauty products, jewelry and shoes online. The company was founded by Jennifer Y. Hyman and Jennifer Carter Fleiss in November 2008 and is headquartered in Brooklyn, NY.

Earnings data Q3 2021

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Rent the Runway reports record subscriber growth and exceeds revenue goals

Rent the Runway's Q1 2023 performance reflects strong subscriber growth and exceeded revenue goals. While facing challenges related to gross margins and ARPU, the company is focused on improving customer experience and leveraging insights from the Amazon pilot for future strategy. The opportunities lie in achieving significant retention benefits and driving organic growth through customer experience improvements.

Rent the Runway exceeds Q2 profitability but faces subscriber challenges

Rent the Runway's Q2 performance exceeded profitability guidance but faced challenges with lower active subscriber count and reduced revenue guidance for 2023. The company is prioritizing profitability and transitioning to a depth strategy for inventory to improve in-stock rates and reduce churn. Opportunities lie in maintaining adjusted EBITDA margin guidance and focusing on improving the customer experience to drive retention and loyalty gains.

Rent the Runway announces debt modifications and growth potential

Rent the Runway's Q3 earnings call highlighted the company's focus on debt restructuring, customer experience, and growth potential. Despite challenges related to debt and gross margin decline, the company is optimistic about the path ahead and aims to become a profitable business while proving its model to the market.

Rent the Runway surpasses fiscal goals, eyes accelerated growth

Rent the Runway's fiscal 2022 performance exceeded goals, with strong revenue growth and profitability, though subscriber growth faced challenges.
The company's focus on cost optimization and growth strategies for 2023 present opportunities for market expansion and improved customer experience.
Challenges in maintaining margins and balancing growth with profitability persist, but Rent the Runway aims for accelerated subscriber growth and reduced cash consumption in 2023.
Overall, Rent the Runway's strategic initiatives position it well in a growing subscription fashion market, emphasizing customer experience and organic growth.

Rent the Runway excels in Q1 2023, eyes AI for growth

Rent the Runway's Q1 2023 performance reflects strong growth in active subscribers, revenue, and margins, driven by customer-centric initiatives and AI integration.
The company's focus on enhancing customer experience, optimizing inventory, and leveraging AI for personalization positions it for long-term success.
Challenges in retention and profitability need to be addressed through continuous improvement and strategic resource allocation.
Opportunities lie in AI-driven innovations, reenergizing the reserve business, and diversifying revenue streams through market expansion.

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Rent the Runway, Inc. provides online ready-to-wear and contemporary designer apparel services. It rents designer dresses, gowns, and accessories for women. Its online platform enables women to search and book dresses and accessories for rental for various occasions, including parties, vacations, weddings, dates, and birthdays and also sells intimates, fashion solutions, lingerie, shape wear, tights, beauty products, jewelry, and shoes online. The company was founded by Jennifer Y. Hyman and Jennifer Carter Fleiss in November 2008 and is headquartered in Brooklyn, NY.

NEW YORK, Nov. 18, 2024 (GLOBE NEWSWIRE) -- Rent the Runway, Inc. (“Rent the Runway”) (Nasdaq: RENT) announced today that it expects to release its third quarter 2024 financial results for the quarter ended October 31, 2024 on Monday, December 9, 2024, before market open. Rent the Runway will host a conference call and live webcast with the investment community at 8:30 a.m. Eastern Time that same day to discuss its results and to provide a business update.

Rent the Runway to Report Third Quarter 2024 Results on December 9, 2024

Rent the Runway (RENT) has been upgraded to a Zacks Rank #1 (Strong Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.

Rent the Runway (RENT) Upgraded to Strong Buy: Here's What You Should Know

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Rent the Runway RENT is a micro-cap stock whose price target was recently updated by Jefferies. This signals that the name could have nearly triple-bagger upside.

Analysts See 180% Upside for Rent the Runway: Should You Buy?

Rent the Runway (RENT) has been upgraded to a Zacks Rank #2 (Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.

All You Need to Know About Rent the Runway (RENT) Rating Upgrade to Buy

Rent the Runway, Inc. (NASDAQ:RENT ) Q2 2024 Earnings Conference Call September 5, 2024 4:30 PM ET Corporate Participants Cara Schembri - Chief Legal & Administrative Officer Jennifer Hyman - Co-Founder, Chief Executive Officer and Chair Siddharth Thacker - Chief Financial Officer Conference Call Participants Matt Condon - Citizens JMP Securities Ashley Helgans - Jefferies Operator Welcome to Rent the Runway's Second Quarter 2024 Earnings Results Conference Call. At this time, all participants are on a listen-only mode.

Rent the Runway, Inc. (RENT) Q2 2024 Earnings Call Transcript

Rent the Runway, Inc. (RENT) came out with a quarterly loss of $4.17 per share versus the Zacks Consensus Estimate of a loss of $5.86. This compares to loss of $8 per share a year ago.

Rent the Runway, Inc. (RENT) Reports Q2 Loss, Tops Revenue Estimates

Exceeded Revenue and Adjusted EBITDA Guidance for Q2 2024. Continued Improvement in Business Momentum in Q2 2024.

Rent the Runway, Inc. Announces Second Quarter 2024 Results

NEW YORK, Aug. 16, 2024 (GLOBE NEWSWIRE) -- Rent the Runway, Inc. (“Rent the Runway”) (Nasdaq: RENT) announced today that it expects to release its second quarter 2024 financial results for the quarter ended July 31, 2024 on Thursday, September 5, 2024, after market close. Rent the Runway will host a conference call and live webcast with the investment community at 4:30 p.m. Eastern Time that same day to discuss its results and to provide a business update.

Rent the Runway to Report Second Quarter 2024 Results on September 5, 2024

NEW YORK, June 19, 2024 (GLOBE NEWSWIRE) -- Rent the Runway, Inc. (“Rent the Runway”) (Nasdaq: RENT) announced today that it will participate in the following investor event:

Rent the Runway to Participate in Upcoming Investor Conferences

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Rent the Runway (NASDAQ: RENT ) has an interesting business model that I believe can be quite effective, especially with economic growth slowing and many consumers looking to reduce their spending. The company has steadily grown and is becoming more profitable, while the firm appears to utilize effective marketing techniques and the valuation of Rent the Runway stock is quite low.

Rent the Runway Stock: The Recession-Proof Fashion Play for Bold Investors

Rent the Runway, Inc. (NASDAQ:RENT ) Q1 2024 Earnings Conference Call June 6, 2024 4:30 PM ET Company Participants Cara Schembri - Chief Legal & Administrative Officer Jennifer Hyman - Co-Founder, President, CEO & Chairman Siddharth Thacker - Chief Financial Officer Conference Call Participants Andrew Boone - JMP Securities Blake Anderson - Jefferies Operator Welcome to Rent the Runway's First Quarter 2024 Earnings Results Conference Call. At this time all participants are in a listen-only mode, a question-and-answer session will follow the formal presentation.

Rent the Runway, Inc. (RENT) Q1 2024 Earnings Call Transcript

Rent the Runway, Inc. (RENT) came out with a quarterly loss of $6.03 per share versus the Zacks Consensus Estimate of a loss of $6.56. This compares to loss of $9.20 per share a year ago.

Rent the Runway, Inc. (RENT) Reports Q1 Loss, Tops Revenue Estimates

Exceeded Revenue and Adjusted EBITDA Guidance for Q1 2024. Improved Business Momentum in Q1 2024.

Rent the Runway, Inc. Announces First Quarter 2024 Results

Rent the Runway (NASDAQ: RENT) stock price has staged a strong comeback this year, helped by the ongoing meme stock craze. It has jumped by more than 136% in 2024, beating the S&P 500 and Nasdaq 100 indices.

Rent the Runway stock: I'd avoid RENT ahead of earnings

Here's what's going on with Rent the Runway (NASDAQ: RENT ). Some traders are desperately looking for the next red-hot meme stock or the next artificial intelligence stock.

Run Far Away From Rent the Runway Stock. It's an Investor Trap.

Rent the Runway's stock has tripled year to date in sympathy with other small-cap meme stocks, but the company has also made significant fundamental improvements. The company offers a subscription membership for renting designer items, starting at $89/month. While subscribers have been declining, Rent the Runway is focusing on improving profitability and pushing inventory sales.

Rent the Runway: There's Salvage Value Here

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Rent the Runway (NASDAQ: RENT ) stock is on the rise Friday after the company announced the date for its next earnings report. Rent the Runway will release its Q1 2024 earnings report after markets close on June 6, 2024.

Why Is Rent the Runway (RENT) Stock Up 15% Today?

NEW YORK, May 16, 2024 (GLOBE NEWSWIRE) -- Rent the Runway, Inc. (“Rent the Runway”) (Nasdaq: RENT) announced today that it expects to release its first quarter 2024 financial results for the quarter ended April 30, 2024 on Thursday, June 6, 2024, after market close. Rent the Runway will host a conference call and live webcast with the investment community at 4:30 p.m. Eastern Time that same day to discuss its results and to provide a business update.

Rent the Runway to Report First Quarter 2024 Results on June 6, 2024

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News for Rent the Runway Stock (RENT)