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

Earnings data Q4 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.

RADNOR, Pa. , Dec. 21, 2022 /PRNewswire/ -- The law firm of Kessler Topaz Meltzer & Check, LLP (www.ktmc.com)  informs investors that a securities class action lawsuit has been filed against Rent the Runway, Inc. ("Rent the Runway") (NASDAQ: RENT).

Securities Class Action Reminder: Kessler Topaz Meltzer & Check, LLP Reminds Rent the Runway, Inc. Investors of Upcoming Deadline in Securities Fraud Class Action Lawsuit

New York, New York--(Newsfile Corp. - December 20, 2022) - Levi & Korsinsky, LLP notifies investors in Rent the Runway, Inc. ("Rent the Runway" or the "Company") (NASDAQ: RENT) of a class action securities lawsuit.The lawsuit on behalf of Rent the Runway investors has been commenced in the the United States District Court for the Eastern District of New York.

Rent the Runway Class Action: Levi & Korsinsky Reminds Rent the Runway, Inc. Investors Of the Pending Class Action Lawsuit With a Lead Plaintiff Deadline of January 13, 2023 - RENT

New York, New York--(Newsfile Corp. - December 17, 2022) - 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.

ROSEN, NATIONAL INVESTOR COUNSEL, Encourages Rent the Runway, Inc. Investors With Losses to Secure Counsel Before Important Deadline in Securities Class Action - RENT

CRISPR Therapeutics

Harpoon Therapeutics Inc

Knightscope

Microvast Holdings

Soligenix

Solo Brands

There are few things that get growth investors excited like the opportunity to invest in 10x stocks. By definition, these 10x stocks (also referred to as 10 baggers) can add huge gains to your portfolio.

7 Stocks to Add to Your 10x Watchlist

NEW YORK , Dec. 15, 2022 /PRNewswire/ --  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. SO WHAT: If you purchased Rent the Runway securities you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement.

ROSEN, NATIONAL TRIAL COUNSEL, Encourages Rent the Runway, Inc. Investors With Losses to Secure Counsel Before Important Deadline in Securities Class Action - RENT

Radnor, Pennsylvania--(Newsfile Corp. - December 15, 2022) - The law firm of Kessler Topaz Meltzer & Check, LLP (www.ktmc.com) informs investors that a securities class action lawsuit has been against Rent the Runway, Inc. ("Rent the Runway") (NASDAQ: RENT). The action charges Rent the Runway with violations of the federal securities laws, including omissions and fraudulent misrepresentations relating to the company's business, operations, and prospects.

Kessler Topaz Meltzer & Check, LLP Announces a Securities Fraud Class Action Lawsuit Filed Against Rent the Runway, Inc. (RENT) and Encourages Investors with Significant Losses to Contact the Firm

RADNOR, Pa. , Dec. 12, 2022 /PRNewswire/ -- The law firm of Kessler Topaz Meltzer & Check, LLP (www.ktmc.com)  informs investors that a securities class action lawsuit has been filed against Rent the Runway, Inc. ("Rent the Runway") (NASDAQ: RENT).

Important January 13, 2023 Deadline Reminder: Kessler Topaz Meltzer & Check, LLP Reminds Rent the Runway, Inc. Investors of Securities Fraud Class Action Lawsuit

New York, New York--(Newsfile Corp. - December 11, 2022) - 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.

ROSEN, A LEADING NATIONAL FIRM, Encourages Rent the Runway, Inc. Investors With Losses Over $100K to Secure Counsel Before Important Deadline in Securities Class Action - RENT

New York, New York--(Newsfile Corp. - December 10, 2022) - Pomerantz LLP is investigating claims on behalf of investors of Rent the Runway, Inc. (""Rent the Runway" or the "Company") (NASDAQ: RENT). Such investors are advised to contact Robert S. Willoughby at newaction@pomlaw.com or 888-476-6529, ext. 7980.The investigation concerns whether Rent the Runway and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices.

SHAREHOLDER ALERT: Pomerantz Law Firm Investigates Claims on Behalf of Investors of Rent the Runway, Inc. -RENT

The apparel rental marketplace could be on the cusp of a comeback.

Is It Too Late to Buy Rent the Runway Stock?

San Francisco, California--(Newsfile Corp. - December 9, 2022) - Hagens Berman urges Rent the Runway, Inc. (NASDAQ: RENT) investors who suffered significant losses to submit your losses now.Defined Class: Purchasers in Rent the Runway Inc.'s October 27, 2021 IPOLead Plaintiff Deadline: Jan. 13, 2023Visit: www.hbsslaw.com/investor-fraud/rent-the-runwayContact An Attorney Now: Rentherunway@hbsslaw.com 844-916-0895Rent the Runway, Inc. (NASDAQ: RENT) Securities Class Action: The class action has been filed

HAGENS BERMAN, NATIONAL TRIAL ATTORNEYS, Alerts Rent the Runway (RENT) Investors to Approaching Deadline in Securities Class Action, Encourages Investors with Significant Losses to Contact Firm's Attorneys

Rent the Runway (NASDAQ: RENT) stock price popped by more than 70% on Thursday after the company published strong results. The shares surged to a high of $2.5, the highest level since October 6.

Rent the Runway stock surged: What can go wrong?

One of the hardest-hit enterprises during the post-coronavirus new normal, Rent the Runway (NASDAQ: RENT ) suddenly became the toast of Wall Street on Thursday. Following an impressive sales performance for its third quarter, RENT stock shot up 35% in the morning session before blasting into orbit, gaining 70% in the afternoon hours.

Why Is Rent the Runway (RENT) Stock Rocketing 70% Today?

Rent the Runway achieved record revenue as its bargain-hunting customers sought deals on everyday fashion. The company said its revenue for the quarter rose 31% year-over-year, while its active user base increased, with subscribers beginning to use the fashion rental and retail service for more than just special events.

Rent the Runway's Revenues Rise as Consumers Embrace Borrowed Fashion

GameStop

Traders will be watching how shares of Rent the Runway and GameStop react in Thursday's trading following the latest results.

Rent the Runway surge, GameStop gains, Jobless claims and more: Thursday's 5 things to watch

Rent the Runway, Inc. (NASDAQ:RENT ) Q3 2022 Earnings Conference Call December 7, 2022 4:30 PM ET Company Participants Jackie Blatt - Head, Investor Relations Jennifer Hyman - Co-Founder and CEO Scarlett O'Sullivan - Chief Financial Officer Conference Call Participants Abbey Zvejnieks - Piper Sandler Michael Binetti - Credit Suisse Eric Sheridan - Goldman Sachs Rick Patel - Raymond James Nathan Feather - Morgan Stanley Ashley Helgans - Jefferies Andrew Boone - JMP Securities Operator Welcome to Rent the Runway's Third Quarter 2022 Earnings Results Conference Call. At this time, all participants are in a listen-only mode.

Rent the Runway, Inc. (RENT) Q3 2022 Earnings Call Transcript

NEW YORK , Dec. 7, 2022 /PRNewswire/ -- 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. SO WHAT: If you purchased Rent the Runway securities you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement.

ROSEN, NATIONAL INVESTOR COUNSEL, Encourages Rent the Runway, Inc. Investors With Losses Over $100K to Secure Counsel Before Important Deadline in Securities Class Action - RENT

Shares of Rent the Runway Inc. raced higher after hours on Wednesday after the online clothing-rental platform boosted its full-year sales outlook and said its restructuring plan was “substantially complete.”

Rent the Runway stock jumps on sales forecast, as CEO says restructuring is ‘substantially complete'

The fashion rental company reported stronger revenue that beat expectations as customers opted to borrow designer clothes instead of buying them.

Rent the Runway reports stronger quarterly sales as shoppers look to save money

Achieved record quarterly Revenue: Q3 2022 Revenue up 31% YoY

Rent the Runway, Inc. Announces Third Quarter 2022 Results & Raises Guidance

New York, New York--(Newsfile Corp. - December 6, 2022) - 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.

ROSEN, SKILLED INVESTOR COUNSEL, Encourages Rent the Runway, Inc. Investors With Losses Over $100K to Secure Counsel Before Important Deadline in Securities Class Action - RENT

Radnor, Pennsylvania--(Newsfile Corp. - December 5, 2022) - The law firm of Kessler Topaz Meltzer & Check, LLP (www.ktmc.com) informs investors that a securities class action lawsuit has been against Rent the Runway, Inc. ("Rent the Runway") (NASDAQ: RENT). The action charges Rent the Runway with violations of the federal securities laws, including omissions and fraudulent misrepresentations relating to the company's business, operations, and prospects.

Investor Reminder: Kessler Topaz Meltzer & Check, LLP Reminds Investors of Deadline in Securities Fraud Class Action Lawsuit Filed Against Rent the Runway, Inc. and Encourages Investors to Contact the Firm

NEW YORK , Dec. 5, 2022 /PRNewswire/ -- Pomerantz LLP is investigating claims on behalf of investors of Rent the Runway, Inc. (""Rent the Runway" or the "Company") (NASDAQ: RENT). Such investors are advised to contact Robert S.

SHAREHOLDER ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of Rent the Runway, Inc. - RENT

Radnor, Pennsylvania--(Newsfile Corp. - December 3, 2022) - The law firm of Kessler Topaz Meltzer & Check, LLP (www.ktmc.com) informs investors that a securities class action lawsuit has been against Rent the Runway, Inc. ("Rent the Runway") (NASDAQ: RENT). The action charges Rent the Runway with violations of the federal securities laws, including omissions and fraudulent misrepresentations relating to the company's business, operations, and prospects.

Kessler Topaz Meltzer & Check, LLP Reminds Rent the Runway, Inc. Investors of Deadline in Securities Fraud Class Action Lawsuit

New York, New York--(Newsfile Corp. - December 3, 2022) - 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.

News for Rent the Runway Stock (RENT)