Rent the Runway, Inc. Price, Forecast, Insider, Ratings, Fundamentals & Signals

Exceeded revenue and adjusted ebitda guidance for q4 2023 expect revenue growth in fy 2024 through focus on marketing, product innovation and strong customer retention. committed to achieving free cash flow breakeven for fy 2024.

New york, march 26, 2024 (globe newswire) -- rent the runway, inc. (“rent the runway” or the “rtr”) (nasdaq: rent) today announced that it will proceed with a 1-for-20 reverse stock split (“reverse stock split”) of its outstanding shares of class a common stock and class b common stock (collectively, the “common stock”) following approval by its board of directors. this ratio is within the ratio range approved by stockholders at a special meeting of rtr shareholders held on march 21, 2024.

New york, march 20, 2024 (globe newswire) -- rent the runway, inc. (“rent the runway”) (nasdaq: rent) announced today that it expects to release its fourth quarter and fiscal year 2023 financial results for the quarter and year ended january 31, 2024, on wednesday, april 10, 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.

Company engages world class talent to reinvigorate brand focus and reignite growth funnel company engages world class talent to reinvigorate brand focus and reignite growth funnel

Announces corporate debt restructuring reiterates fy23 revenue and adjusted ebitda guidance. committed to delivering free cash flow breakeven in fy 2024 significantly improved inventory in-stock position drove improved customer satisfaction and retention; sets stage for fy24 growth new york, dec. 05, 2023 (globe newswire) -- rent the runway, inc. (“rent the runway” or "rtr") (nasdaq: rent), the world's first and largest shared designer closet platform, today reported financial results for the fiscal quarter ended october 31, 2023.

Rent the Runway Inc., an online clothing-rental platform whose stock has plummeted over the past three years as it wrangles debt and weaker clothing demand, is up some 360% this week, putting shares on pace for their best week on record.

Sometimes struggling stocks can quickly turn around, demonstrating astronomical gains. This week, Rent the Runway (NASDAQ: RENT ) has achieved exactly such a feat.

Apparel renting service Rent the Runway saw a significant surge in its share price after it reported an optimistic outlook for the upcoming year, bolstered by a narrower loss from the previous year.

Shares of Rent the Runway more than tripled on Thursday as the apparel rental firm bets big on artificial intelligence tools to power its growth in the current year following a bleak 2023.

Rent the Runway shares surged 170% on the fashion rental company's optimistic 2024 outlook. For fiscal 2024, the company expects to achieve breakeven cashflow on a full-year basis.

Rent the Runway (NASDAQ: RENT) stock price went parabolic on Thursday after the highly-embattled company published encouraging earnings and narrowed its loss. It surged by over 36% on Wednesday and by over 30% in the pre-market, pushing its total market cap to near $30 million.

Rent the Runway (NASDAQ: RENT ) stock is on the rise Thursday following the release of the shared designer closet company's Q4 earnings report. Rent the Runway starts its Q4 earnings report with diluted earnings per share of -$7.02.

Rent the Runway, Inc. (NASDAQ:RENT ) Q4 2023 Earnings Conference Call April 10, 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 Alexandra Steiger - The Goldman Sachs Group Operator Welcome to Rent the Runway fourth quarter and fiscal year 2023 earnings results conference call. At this time all participants are in a listen only mode.

Rent the Runway, Inc. (RENT) came out with a quarterly loss of $5.83 per share versus the Zacks Consensus Estimate of a loss of $5.80. This compares to loss of $7.60 per share a year ago.

As consumers demand more frictionless experiences from their eCommerce merchants, Rent the Runway is seeing its digital rethink drive higher retention.