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--( BUSINESS WIRE )--Bragar Eagel & Squire, P.C., a nationally recognized stockholder rights law firm, announces that a class action lawsuit has been filed against Rent the Runway, Inc. (“Rent the Runway” or the “Company”) (NASDAQ: RENT) in the United States District Court of Eastern New York on behalf of all persons and entities who purchased or otherwise acquired Rent the Runway securities pursuant to the company's October 2021 IPO, both dates inclusive (the “Class Period”). Investors have until January 13, 2022 to apply to the Court to be appointed as lead plaintiff in the lawsuit.

RENT THE RUNWAY ALERT: Bragar Eagel & Squire, P.C. Announces that a Class Action Lawsuit Has Been Filed Against Rent the Runway, Inc. and Encourages Investors to Contact the Firm

LOS ANGELES--( BUSINESS WIRE )--Glancy Prongay & Murray LLP (“GPM”), a leading national shareholder rights law firm, today announced that it has commenced an investigation on behalf of Rent the Runway, Inc. (“RTR” or the “Company”) (NASDAQ: RENT) investors concerning the Company's possible violations of the federal securities laws.

Glancy Prongay & Murray LLP, a Leading Securities Fraud Law Firm, Announces Investigation of Rent the Runway, Inc. (RENT) on Behalf of Investors

NEW YORK--( BUSINESS WIRE )--Attorney Advertising--Bronstein, Gewirtz & Grossman, LLC notifies investors that a class action lawsuit has been filed against Rent the Runway, Inc. (“Rent the Runway” or the “Company”) (NASDAQ: RENT) and certain of its top executives and directors, as well as the IPO's underwriters on behalf of all persons and entities that purchased, or otherwise acquired Rent the Runway Class A common stock in or traceable to Rent the Runway's October 27, 2021 initial public offering (the "IPO"). Such investors are encouraged to join this case by visiting the firm's site: www.bgandg.com/rent.

Bronstein, Gewirtz & Grossman, LLC Reminds Rent the Runway, Inc. (RENT) Investors of Class Action and to Actively Participate

NEW ORLEANS--( BUSINESS WIRE )--Kahn Swick & Foti, LLC (“KSF”) and KSF partner, former Attorney General of Louisiana, Charles C. Foti, Jr., remind investors that they have until January 13, 2023 to file lead plaintiff applications in a securities class action lawsuit against Rent the Runway, Inc. (“RTR”) (NasdaqGS: RENT), if they purchased or acquired the Company's shares pursuant and/or traceable to the Company's October 2021 initial public offering (the “IPO”). This action is pending in the United States District Court for the Eastern District of New York.

RENT THE RUNWAY SHAREHOLDER ALERT by Former Louisiana Attorney General: Kahn Swick & Foti, LLC Reminds Investors With Losses in Excess of $100,000 of Lead Plaintiff Deadline in Class Action Lawsuit Against Rent the Runway, Inc. - RENT

BENSALEM, Pa.--( BUSINESS WIRE )--Law Offices of Howard G. Smith announces an investigation on behalf of Rent the Runway, Inc. (“RTR” or the “Company”) (NASDAQ: RENT) investors concerning the Company's possible violations of federal securities laws.

INVESTOR ALERT: Law Offices of Howard G. Smith Announces Investigation of Rent the Runway, Inc. (RENT) on Behalf of Investors

NEW YORK--( BUSINESS WIRE )--The law firm of Kirby McInerney LLP announces that a class action lawsuit has been filed in the U.S. District Court for the Eastern District of New York on behalf of those who acquired Rent the Runway, Inc. (“Rent the Runway” or the “Company”) (NASDAQ: RENT) securities pursuant and/or traceable to the Registration Statement and Prospectus (collectively, the “Registration Statement”) issued in connection with Rent the Runway's October 27, 2021 initial public offering (“IPO”); and/or (b) that purchased or otherwise acquired Rent the Runway securities during the period from October 24, 2021 through November 14, 2022 (the “Class Period”). Investors have until January 13, 2023 to apply to the Court to be appointed as lead plaintiff in the lawsuit.

Kirby McInerney LLP Announces the Filing of a Securities Class Action on Behalf of Rent the Runway, Inc. (RENT) Investors

SAN DIEGO--( BUSINESS WIRE )--The Class: Robbins LLP informs investors that a shareholder filed a class action on behalf of all persons and entities that purchased Rent the Runway, Inc. (NASDAQ: RENT) Class A common stock in or traceable to the Company's October 2021 initial public offering ("IPO") for remedies pursuant to the Securities Act of 1933. Rent the Runway is an e-commerce platform that allows users to rent, subscribe, or buy designer apparel and accessories from over 750 luxury brand partners.

Shareholder Alert: Robbins LLP Informs Investors of Class Action Against Rent the Runway, Inc. (RENT)

LOS ANGELES--( BUSINESS WIRE )--The Law Offices of Frank R. Cruz announces an investigation of Rent the Runway, Inc. (“RTR” or the “Company”) (NASDAQ: RENT) on behalf of investors concerning the Company's possible violations of federal securities laws.

The Law Offices of Frank R. Cruz Announces Investigation of Rent the Runway, Inc. (RENT) on Behalf of Investors

Atlanta, Georgia--(Newsfile Corp. - November 15, 2022) - Holzer & Holzer, LLC informs investors that a class action lawsuit was filed against Rent the Runway, Inc. ("Rent the Runway" or the "Company") (NASDAQ: RENT).

SHAREHOLDER ALERT: Class Action Lawsuit Filed on Behalf of Rent the Runway (RENT) Investors - Nationally Ranked Investors' Rights Firm Holzer & Holzer, LLC, Encourages Investors With Significant Losses to Contact the Firm

NEW YORK--( BUSINESS WIRE )--WHY: Rosen Law Firm, a global investor rights law firm, announces the filing of a class action lawsuit on behalf of 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”). If you wish to serve as lead plaintiff, you must move the Court no later than January 13, 2022.

EQUITY ALERT: Rosen Law Firm Encourages Rent the Runway, Inc. Investors with Losses in Excess of $100K to Secure Counsel Before Important Deadline in Securities Class Action – RENT

SAN DIEGO--( BUSINESS WIRE )--The law firm of Robbins Geller Rudman & Dowd LLP announces that it has filed a class action lawsuit seeking to represent purchasers of Rent the Runway, Inc. (NASDAQ: RENT) Class A common stock in or traceable to Rent the Runway's October 27, 2021 initial public offering (the “IPO”). Captioned Sharma v. Rent the Runway, Inc., No. 22-cv-6935 (E.D.N.Y.), the Rent the Runway class action lawsuit charges Rent the Runway, certain of its top executives and directors, as well as the IPO's underwriters with violations of the Securities Act of 1933.

RENT INVESTOR NOTICE: Robbins Geller Rudman & Dowd LLP Files Class Action Lawsuit Against Rent the Runway, Inc. and Announces Opportunity for Investors with Substantial Losses to Lead Case

SAN DIEGO , Nov. 14, 2022 /PRNewswire/ -- Robbins Geller Rudman & Dowd LLP announces that it has filed a class action lawsuit seeking to represent purchasers of Rent the Runway, Inc. (NASDAQ: RENT) Class A common stock in or traceable to Rent the Runway's October 27, 2021 initial public offering (the "IPO"). Captioned Sharma v.

RENT INVESTOR ALERT: Robbins Geller Rudman & Dowd LLP Files Class Action Lawsuit Against Rent the Runway, Inc. and Announces Opportunity for Investors with Substantial Losses to Lead Case

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NEW YORK--(BUSINESS WIRE)-- #Action--Bragar Eagel & Squire, P.C., a nationally recognized stockholder rights law firm, is investigating potential claims against Rent the Runway, Inc. (“Rent the Runway” or the “Company”) (NASDAQ: RENT) on behalf of Rent the Runway stockholders. Our investigation concerns whether Rent the Runway has violated the federal securities laws and/or engaged in other unlawful business practices. Click here to participate in the action. On or around October 27, 2021, Rent the R

RENT THE RUNWAY ALERT: Bragar Eagel & Squire, P.C. is Investigating Rent the Runway, Inc. on Behalf of Rent the Runway Stockholders and Encourages Investors to Contact the Firm

Shares of Rent the Runway were suffering a record plunge Tuesday, but Wall Street analysts still managed to find the positives in the fashion rental company's disappointing earnings report and outlook, and plan to cut nearly one-quarter of the workforce.

Rent the Runway analysts stay bullish even as the stock suffers a record drop

Source: Wirestock Creators / Shutterstock Rent the Runway (NASDAQ: RENT ) stock is falling 30% today after the company announced that it will cut its workforce by 24%. Rent the Runway rents designer fashions for women.

Why Rent the Runway (RENT) Stock Is Plunging Today

Shares of Rent the Runway (NASDAQ:RENT) are plummeting this morning, after the e-tail concern announced it will lay off 24% of its corporate workforce amid a decline in subscribers and a shaky macro environment.

Restructuring Plan Sinks Rent the Runway Stock

Rent the Runway is reducing its corporate workforce by 24% as part of a restructuring plan after a quarter in which the fashion rental and resale company's number of active subscribers dipped from about 135,000 to 124,000.

Rent the Runway Links Rising Remote Work With Declining Apparel Subscriptions

The online rental company is looking to cut costs in a bid to boost its path to profitability.

Rent the Runway to Lay Off Nearly a Quarter of Employees. The Stock Plummets.

Shares of Rent the Runway plunged more than 22% before the bell on Tuesday, as more Americans paused their subscription to the clothing rental firm as they feel the pinch of red-hot inflation.

Rent the Runway shares sink as inflation-weary subscribers hit pause

Shares of Rent the Runway Inc. RENT, +10.04% plunged 23.1% to pace all premarket decliners Tuesday, after the fashion rental company announced a restructuring that includes cutting 24% of its corporate workforce, reported a miss in fiscal second-quarter subscriptions and provided a downbeat revenue outlook. The company had 958 employees as of Jan. 31.

Rent the Runway stock plunges after plan to cut 24% of workforce, miss of active subscriber expectations

Rent the Runway, Inc. (NASDAQ:RENT ) Q2 2022 Earnings Conference Call September 12, 2022 5:00 PM ET Company Participants Janine Stichter - VP, IR Jenn Hyman - Co-Founder, Chairman and CEO Scarlett O'Sullivan - CFO Conference Call Participants Ike Boruchow - Wells Fargo Ashley Helgans - Jefferies Edward Yruma - Piper Sandler Lauren Schenk - Morgan Stanley Ross Sandler - Barclays Michael Binetti - Credit Suisse Rick Patel - Raymond James Andrew Boone - JMP Securities Dana Telsey - Telsey Advisory Group Noah Zatzkin - KeyBanc Operator Greetings, and welcome to the Rent the Runway Second Quarter 2022 Earnings Conference Call. [Operator Instructions] As a reminder, this conference is being recorded.

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