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.

Online fashion-rental platform Rent the Runway Inc. on Monday announced plans to cut around 24% of corporate staff to cut costs amid “potentially rougher macro conditions,” and shares fell hard in late trading.

Rent the Runway to lay off staff while reducing sales forecast, stock plunges more than 20%

Achieved record quarterly revenue: Q2 2022 reven ue up 64% year-over-y ear

Rent the Runway, Inc. Announces Second Quarter 2022 Results

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Given the Fed tightening and the resulting macro uncertainties, many were expecting below par performances, but the second quarter turned out to be better than expected in terms of earnings.

These Are The 10 Biggest Firms Releasing Earnings Next Week

NEW YORK, Aug. 25, 2022 (GLOBE NEWSWIRE) -- Rent the Runway, Inc. (“Rent the Runway”) (Nasdaq: RENT) announced today that it will release its second quarter 2022 financial results for the quarter ended July 31, 2022 on Monday, September 12, 2022, after market close. Rent the Runway will host a conference call and live webcast with the investment community at 5:00 p.m. Eastern Time that same day to discuss its results and to provide a business update.

Rent the Runway to Report Second Quarter 2022 Results on September 12, 2022

Saks Off 5th is joining with Rent the Runway to offer its customers new luxury labels.

Saks Off 5th Partners With Rent The Runway

Saks Off Fifth and Rent the Runway have teamed up to deliver the hottest fashion trend - resale.

Saks Off Fifth Broadens Its Resale Offerings With Rent The Runway Partnership

As the company's gross margins increased to 34.3% in 2021, we believe it could continue to increase its margins as it focuses on investments in RFID and at-home pick. Another factor we believe could drive its margin growth higher is its product acquisition shift towards lower-cost non-wholesale channels.

Rent the Runway: Automation And Technology Support Growing Margins

Rent the Runway reported its financial results for the first quarter on Friday. Here are the notable figures.

Rent the Runway doubled its revenue in fiscal Q1

More people enjoyed weddings, social gatherings and increased travel during the first quarter of fiscal year 2022, leading to a record active subscriber count for Rent the Runway in the three months through April 30, according to a company press release. Rent the Runway's revenue was also up 100% year over year for the first […]

Rent the Runway Benefits From Boost in Weddings, Social Gatherings, Travel

Rent the Runway, Inc. (NASDAQ:RENT ) Q1 2022 Earnings Conference Call June 9, 2022 4:30 PM ET Company Participants Janine Stichter - Vice President of Investor Relations Jen Hyman - Co-Founder, Chairman & Chief Executive Officer Scarlett O'Sullivan - Chief Financial Officer Conference Call Participants Lauren Schenk - Morgan Stanley Ike Boruchow - Wells Fargo Ross Sandler - Barclays Eric Sheridan - Goldman Sachs Michael Binetti - Credit Suisse Abbey Zvejnieks - Piper Sandler Andrew Boone - JMP Securities Ashley Helgans - Jefferies Dana Telsey - Telsey Advisory Group Operator Greetings. Welcome to the Rent the Runway First Quarter 2022 Earnings Call.

Rent the Runway, Inc. (RENT) CEO Jen Hyman on Q1 2022 Results - Earnings Call Transcript

Rent The Runway Inc (NASDAQ: RENT) shares are trading higher in Thursday's after-hours session after the company reported better-than-expected financial results and issued guidance above analyst estimates. Rent The Runway said first-quarter revenue doubled year-over-year to $67.1.

After-Hours Action: Why Rent The Runway Stock Is Surging

Strong revenue momentum: Q1 2022 revenue up 100% year-over-year

Rent the Runway, Inc. Announces First Quarter 2022 Results

Rent the Runway's share price has been pummelled since its IPO in October 2021, dropping 80%. An increase in appetite from the American public to socialise, attend events, and return to work will grow the company's active subscriber base and positively impact their revenue.

Don't Just Rent The Runway, Buy It

NEW YORK, May 19, 2022 (GLOBE NEWSWIRE) -- Rent the Runway, Inc. (“Rent the Runway”) (Nasdaq: RENT) announced today that it will participate in the Morgan Stanley Sustainable Futures Conference on Wednesday, May 25, 2022 at 1:15 PM ET. The live webcast of this event will be available on Rent the Runway's investor relations website under the “Events” section at https://investors.renttherunway.com/ . The webcast will also be available for replay for a limited time following the presentation.

Rent the Runway to Present at the Morgan Stanley Sustainable Futures Conference on May 25, 2022

NEW YORK, May 18, 2022 (GLOBE NEWSWIRE) -- Rent the Runway, Inc. (“Rent the Runway”) (Nasdaq: RENT) announced today that it will release its first quarter 2022 financial results for the quarter ended April 30, 2022 on Thursday, June 9, 2022, 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 2022 Results on June 9, 2022

San Diego, California--(Newsfile Corp. - April 16, 2022) - Shareholder rights law firm Johnson Fistel, LLP (www.JohnsonFistel.com) is investigating whether Rent the Runway, Inc. ("Rent the Runway" or the "Company") (NASDAQ: RENT), any of its executive officers, or others violated securities laws by misrepresenting or failing to timely disclose material, adverse information to investors. The investigation focus on investors' losses and whether they may be recovered under the federal securities laws.What if I purchased Rent...

(RENT) News: Did You Lose Money on Your Rent the Runway Investment? Stock Price has Plummeted Since IPO - Contact Johnson Fistel

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Goldman Sachs Has 5 Stocks Rated Buy Under $10 With 75% to 500% Upside Potential

NEW YORK, April 14, 2022 (GLOBE NEWSWIRE) -- Rent the Runway, Inc. (“Rent the Runway”) (Nasdaq: RENT) announced today that management will present at the Shareholder Equity Conference, held virtually, on Tuesday, April 19, 2022 at 11:30 AM ET.

Rent the Runway to Present at the Shareholder Equity Conference on April 19, 2022

After doubling revenues and subscribers last quarter, the nation's leading designer clothing rental platform is aiming to do so again, saying the surge in inflation, combined with a spike in upcoming special events, will drive the value case for not purchasing new outfits. In speaking with investors and analysts after reporting Q4 results that topped Wall […]

Rent the Runway Preps for Surge in Weddings, Events, Back-to-Work Blazers

Rent the Runway, Inc. (NASDAQ:RENT ) Q4 2021 Earnings Conference Call April 13, 2022 5:00 PM ET Company Participants Janine Stichter - Vice President of Investor Relations Jen Hyman - Co-Founder, Chair & Chief Executive Officer Scarlett O'Sullivan - Chief Financial Officer Conference Call Participants Lauren Schenk - Morgan Stanley Ike Boruchow - Wells Fargo Dan Silverstein - Credit Suisse Eric Sheridan - Goldman Sachs Ross Sandler - Barclays Andrew Boone - JMP Securities Dana Telsey - Telsey Advisory Group Ashley Helgans - Jefferies Operator Welcome to Rent the Runway's Fourth Quarter and Full Year 2021 Results Conference Call. At this time, all participants are in a listen-only mode.

Rent the Runway, Inc. (RENT) CEO Jen Hyman on Q4 2021 Results - Earnings Call Transcript

Shares of Rent the Runway Inc. RENT, +6.72% fell more than 6% in the extended session Wednesday, giving back some of its strong gains from the regular session, after the fashion rental company reported a narrower fourth-quarter loss and revenue that topped Wall Street expectations as well as above-expectation revenue guidance for the year. Rent the Runway said it lost $39.3 million, or 62 cents a share, in the quarter, compared with a loss of $38.8 million, or $3.48 a share, in the fourth quarter of 2020.

Rent the Runway gives back gains after Q4 report that tops views

Rent the Runway Inc (NASDAQ: RENT) reported fourth-quarter revenue growth of 91% year-over-year to $64.1 million, beating the consensus estimate of $63.14 million. The company had 115,240 ending Active Subscribers, an increase of 110% Y/Y.

Rent the Runway Shares Slip After Q4 Results, Guides FY22 Revenue Above Expectations

On Wednesday, the fashion rental platform reported fiscal fourth-quarter revenue ahead of analysts' estimates along with a narrower-than-expected loss.

Rent the Runway CEO sees inflation as a competitive advantage for the company

Rent the Runway on Wednesday reported a 91% jump in fourth-quarter revenue, beating Wall Street estimates.

Rent the Runway reports quarterly revenue above estimates

Q4 2021 revenue up 91% year-over-year, showcases business resilience Ending Active Subscribers up 110% year-over-year Significant increase in Gross Margin to 34% in fiscal year 2021, from 10% in fi scal year 2020 Strong Q1 2022 Ending Active Subscriber guidance and full year revenue outlook reflect powerful momentum and 2022 events boom

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