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

Earnings data Q4 2021

Earnings data Q1 2022

Earnings data Q2 2022

Earnings data Q3 2022

Earnings data Q4 2022

Earnings data Q1 2023

Earnings data Q2 2023

Earnings data Q3 2023

Earnings data Q4 2023

Earnings data Q1 2024

Earnings data Q2 2024

Earnings data Q3 2024

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.

Revenue

Cost of revenue

Gross profit

Operating expenses

SG&A

Other

Operating income

EBITDA

Net income

Earnings per share

Total assets

Current assets

Cash & equivalents

Receivables

Inventory

Non-current assets

Net PPE

Intangibles

Total liabilities

Current liabilities

Short term debt

Income tax payable

Non-current liabilities

Long-term debt

Total equity

Stockholders equity

Minority interest

Total liabilities & equity

Total debt

Net debt

Book value per share

Cash from operations

Funds from operations

Change in working capital

Cash from investing

Capital expenditure

Purchase/sale of investments

Purchase/sale of business

Other sources

Cash from financing

Change in stock

Change in debt

Cash dividends paid

Cash from other sources

Net change in cash

Free cash flow

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.

The headline numbers for Rent the Runway, Inc. (RENT) give insight into how the company performed in the quarter ended April 2023, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.

Rent the Runway, Inc. (RENT) Q1 Earnings: Taking a Look at Key Metrics Versus Estimates

Record High Active Subscriber Count of 145,220 as of April 30, 2023, Growing 15% Quarter Over Quarter Rapid Progress on Improving the Customer Experience

Rent the Runway, Inc. Announces First Quarter 2023 Results

NEW YORK, May 17, 2023 (GLOBE NEWSWIRE) -- Rent the Runway, Inc. (“Rent the Runway”) (Nasdaq: RENT) announced today that it expects to release its first quarter 2023 financial results for the quarter ended April 30, 2023 on Wednesday, June 7, 2023, 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 2023 Results on June 7, 2023

Earlier this month, PYMNTS discussed the momentum behind resale as sustainability has come to the forefront for consumers. Now the rental market, while not a new concept, is hoping for the same type of traction.

Rent the Runway Sees Renewed Traction as Rentals Have a Moment

Rent the Runway, Inc. (NASDAQ:RENT ) Q4 2022 Earnings Conference Call April 12, 2023 4:30 PM ET Company Participants Jackie Blatt - Vice President, Investor Relations Jennifer Hyman - Co-Founder and Chief Executive Officer Scarlett O'Sullivan - Chief Financial Officer Sid Thacker - Senior Vice President, FP&A Conference Call Participants Ross Sandler - Barclays Kate Fitzsimons - Wells Fargo Nathan Feather - Morgan Stanley Andrew Boone - JMP Securities Edward Yruma - Piper Sandler Rick Patel - Raymond James Operator Welcome to Rent the Runway's Fourth Quarter and Full Year 2022 Earnings Results Conference Call. At this time, all participants are in a listen-only mode.

Rent the Runway, Inc. (RENT) Q4 2022 Earnings Call Transcript

Rent the Runway shares fell in after-hours trading despite the designer apparel and accessories rental platform posting a fourth quarter earnings beat and record annual revenue for 2022. The company also significantly narrowed its fourth quarter and full-year losses year-over-year.

Rent the Runway shares slip despite 4Q earnings beat, record annual revenue

Online fashion marketplace Rent the Runway Inc. RENT on Wednesday reported better-than-expected quarterly results and said it expected a jump in subscriber growth, but it forecast full-year sales that were below expectations. The company also said that Scarlett O'Sullivan would transition out of the CFO role on May 25 and that Sid Thacker, the company's senior vice president of finance, would replace her on that date.

Rent the Runway full-year sales forecast comes up short, announces new CFO

Rent the Runway is edging closer to profitability after cutting costs and changing its subscription model to improve its value proposition.

Rent the Runway's losses narrow as company edges closer to profitability

Accelerating Subscriber Growth: Record High 141,205 Active Subscribers as of April 8, 2023 Guiding to More than 25% Active Subscriber Growth for Year-End 2023 FY 2023 Growth Strategy Focuses on Continuously Delivering More Value to the Customer

Rent the Runway, Inc. Announces Fourth Quarter and Full Year 2022 Results

The shift towards sustainability is evident, and consumers have made it clear that the trend is here to stay. As a result, the resale market has experienced significant growth, with third-party platforms such as thredUP, Vestiaire Collective, and Poshmark — as well as brands themselves — launching their own resale marketplaces.

Resale Is Having Its Moment, but Will Rent the Runway?

Nano Dimension

Toro Corp

Are these penny stocks a buy now? The post Best Penny Stocks To Buy Before Next Week?

Best Penny Stocks To Buy Before Next Week? 3 To Watch Now

NEW YORK, March 22, 2023 (GLOBE NEWSWIRE) --  Rent the Runway, Inc. (“Rent the Runway”) (Nasdaq: RENT) announced today that it expects to release its fourth quarter and fiscal year 2022 financial results for the quarter and year ended January 31, 2022 on Wednesday, April 12, 2023, 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 Fourth Quarter and Fiscal Year 2022 Results on April 12, 2023

Rent the Runway will begin adding a free item to shipments to attract financially strapped consumers. “The customer is more cost-conscious than she's ever been before,” Jennifer Hyman, CEO of the pre-owned design apparel market, told Bloomberg in an interview Monday (March 6).

Rent the Runway Offers Free Items to Woo ‘Cost-Conscious' Shoppers

Company Ushers in Its “Era of Extra” Focused on Delivering More Value to the Customer Company Ushers in Its “Era of Extra” Focused on Delivering More Value to the Customer

Rent the Runway Permanently Adds Extra Item to Every Subscription Shipment, Meaningfully Investing in Customer Experience

Rent the Runway's rental and resale model positions it well to take share from traditional retailers in the ∼$300 billion U.S. apparel market. The company's ability to convert existing reserve and resale customers to subscribers while attracting new consumers is key to driving sales through 2025.

Rent the Runway: Plenty Of Good Reasons To Be Bullish

RENT has been making moves to improve its margins and cost structure. However, its high-interest debt is somewhat onerous.

Rent the Runway Is Making The Right Moves, But Debt Remains An Issue

Peloton

Walmart

You have to dig to get the full picture of how a company is doing.

Investor Insight: Making Sense of the Numbers That Companies Report

Amazon

Costco

These three stocks could outperform the market this year.

Why Amazon, Costco, and Rent the Runway Are No-Brainer Buys Right Now

Context Therapeutics LLC

Hillstream Biopharma

Intelligent Bio Solutions Inc

Silo Pharma Inc

Sonoma Pharmaceuticals

Spectrum Pharma

Penny Stocks With News Light Up The Scanners This Week This week

7 Top Penny Stocks To Watch With Big News This Week

Transaction enhances Rent the Runway's ability to pursue its growth goals by extending maturity to October 2026 and reducing cash interest payments significantly Transaction enhances Rent the Runway's ability to pursue its growth goals by extending maturity to October 2026 and reducing cash interest payments significantly

Rent the Runway Announces Corporate Debt Restructuring

NEW YORK, Jan. 13, 2023 (GLOBE NEWSWIRE) -- Rent the Runway, Inc. (“Rent the Runway” or “RTR”) (Nasdaq: RENT), the largest shared designer closet, today announced that Brian Donato, its current Chief Supply Chain Officer, will assume the newly created role of Chief Revenue Officer. Drew Rau, currently serving in the role of VP, Inventory Performance, will expand his remit and become a part of the RTR executive team as SVP, Supply Chain and Inventory. Both changes will be effective as of January 16, 2023 and come as the brand continues to prioritize sustainable growth and reinvests in the customer experience in 2023.

Rent the Runway Chief Supply Chain Officer Brian Donato to Assume Newly Created Chief Revenue Officer Role; Drew Rau to Join RTR Executive Team with Promotion to SVP of Supply Chain and Inventory

New York, New York--(Newsfile Corp. - January 13, 2023) - WHY: Rosen Law Firm, a global investor rights law firm, reminds purchasers of the securities of Rent the Runway, Inc. (NASDAQ: RENT) pursuant and/or traceable to the Company's initial public offering conducted in October 2021 (the "IPO") of the important January 13, 2023 lead plaintiff deadline.

RENT Important Deadline Today: ROSEN, A Leading Law Firm, Encourages Rent the Runway, Inc. Investors with Losses to Secure Counsel Before Important Deadline Today in Securities Class Action - RENT

Los Angeles, California--(Newsfile Corp. - January 13, 2023) - The Schall Law Firm, a national shareholder rights litigation firm, announces the filing of a class action lawsuit against Rent the Runway, Inc. ("Rent the Runway" or "the Company") (NASDAQ: RENT) for violations of the federal securities laws.

DEADLINE TODAY: The Schall Law Firm Encourages Investors in Rent the Runway, Inc. with Losses of $100,000 to Contact the Firm

NEW YORK , Jan. 13, 2023 /PRNewswire/ -- Jakubowitz Law announces that a securities fraud class action lawsuit has commenced on behalf of shareholders of Rent the Runway, Inc. (NASDAQ: RENT). To receive updates on the lawsuit, fill out the form: https://claimyourloss.com/securities/rent-the-runway-inc-loss-submission-form/?id=35558&from=4 This lawsuit is on behalf of all persons or entities who purchased Rent the Runway Class A common stock in or traceable to the Company's October 2021 initial public offering.

RENT SHAREHOLDER ALERT: Jakubowitz Law Reminds Rent the Runway Shareholders of a Lead Plaintiff Deadline of January 13, 2023

NEW YORK , Jan. 12, 2023 /PRNewswire/ -- Levi & Korsinsky, LLP notifies investors in Rent the Runway, Inc. ("Rent the Runway" or the "Company") (NASDAQ: RENT) of a class action securities lawsuit. CLASS DEFINITION: The lawsuit seeks to recover losses on behalf of Rent the Runway investors who were adversely affected by alleged securities fraud.

News for Rent the Runway Stock (RENT)