Rent the Runway, Inc. (RENT)
| Market Cap | 50.84M |
| Revenue (ttm) | 298.20M |
| Net Income (ttm) | -113.20M |
| Shares Out | 3.55M |
| EPS (ttm) | -33.12 |
| PE Ratio | n/a |
| Forward PE | n/a |
| Dividend | n/a |
| Ex-Dividend Date | n/a |
| Volume | 239,158 |
| Open | 13.62 |
| Previous Close | 13.62 |
| Day's Range | 12.70 - 14.35 |
| 52-Week Range | 4.46 - 58.00 |
| Beta | 0.83 |
| Analysts | Buy |
| Price Target | 24.38 (+70.01%) |
| Earnings Date | Jun 5, 2024 |
About RENT
Rent the Runway, Inc. operates shared designer closet in the United States. The company offers evening wear and accessories, ready-to-wear, workwear, denim, casual, maternity, outerwear, blouses, knitwear, loungewear, jewelry, handbags, activewear, and ski wear under subscription, rental, and resale offering. It also engages in the software development and support activities. Rent the Runway, Inc. was incorporated in 2009 and is headquartered in Brooklyn, New York. [Read more]
Financial Performance
In 2023, RENT's revenue was $298.20 million, an increase of 0.61% compared to the previous year's $296.40 million. Losses were -$113.20 million, -18.39% less than in 2022.
Financial StatementsAnalyst Forecast
According to 9 analysts, the average rating for RENT stock is "Buy." The 12-month stock price forecast is $24.38, which is an increase of 70.01% from the latest price.
News
Rent the Runway is on track for its best week ever after putting up meme-stock-like gains, but the stock is still way down overall
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 o...
Why Rent the Runway's stock price is going wild this week
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.
Rent the Runway shares triple after upbeat revenue forecast on AI bet
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 stock is soaring but significant risks remain
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...
Rent the Runway Drives Loyalty Boost With AI Search Upgrades
As consumers demand more frictionless experiences from their eCommerce merchants, Rent the Runway is seeing its digital rethink drive higher retention.
Rent the Runway sees ‘milestone' 2024 and breakeven cash flow, as stock soars
After several years of financial struggles, weaker clothing demand and a big drop in its stock price, clothing-rental platform Rent the Runway Inc. on Wednesday said it expected breakeven free cash fl...
Rent the Runway Q4 earnings: ‘we are well positioned to drive growth'
Rent the Runway is up nearly 25% in extended hours on Wednesday after beating revenue estimates for its fiscal fourth quarter. Rent the Runway's guidance for the future Investors are cheering also bec...
Rent the Runway, Inc. Announces Fourth Quarter and Full Year 2023 Results
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 Cas...
From unicorns to near zero: RENT, Allbirds, Vroom, and BuzzFeed
Many companies that were once unicorns are struggling to survive as interest rates remain at an elevated level and as growth slows. Some former unicorns like WeWork, Hopin, Olive AI, and Convoy have a...
Rent the Runway Approved 1-for-20 Stock Split to Keep Nasdaq Listing
The reverse stock split comes about five months after it received a Nasdaq notification that the company had until April 17 to regain compliance with the index's listing rules.
Rent the Runway Announces 1-for-20 Reverse Stock Split
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 St...
Rent the Runway to Report Fourth Quarter and Fiscal Year 2023 Results on April 10, 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 resul...
Rent The Runway Pledges $1M to Celebrate Women's Career Wins
Rent the Runway, a platform where customers can subscribe, rent items a-la-carte and shop resale from hundreds of designer brands, is gifting $1 million in free subscriptions throughout this Women's H...
Rent the Runway Names Natalie McGrath Chief Marketing Officer
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
Is Rent the Runway Struggling or Strategically Recalibrating?
Rent the Runway, a fashion rental company, has undergone adjustments, including a 10% reduction in its corporate workforce. However, the question arises: Is this indicative of a struggling company, or...
Rent The Runway Cuts 10% Of Workforce And COO Exits
Rent the Runway announced that it is eliminating 37 corporate positions and COO Anushka Salinas will leave the company on January 31. Her resignation comes on the heels of a company restructuring.
Rent The Runway Cuts 10% Of Corporate Workforce As COO Exits
Rent the Runway announced that it is eliminating 37 corporate positions and COO Anushka Salinas will leave the company on January 31. Her resignation comes on the heels of a company restructuring.
Rent the Runway Cuts 10% of Corporate Staff
With subscriber growth slowing, fashion rental firm Rent the Runway has begun cutting staff. The company plans to let go of about 10% of its corporate employees, it said in a Tuesday (Jan. 9) regulato...
Rent the Runway to cut 10% of its workforce
Rent the Runway Inc (NASDAQ: RENT) is in focus this morning after announcing a major restructuring that includes lowering its headcount. How many employees will be laid off?
Rent the Runway to Cut About 10% of Corporate Jobs, Lose Operating Chief
The fashion subscription company has established another restructuring plan that includes cutting about 10% of its corporate roles.
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Rent the Runway, Inc. Announces Third Quarter 2023 Results
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 Posit...
Clothing rental service Nuuly reaches profitability, beating rival Rent the Runway to the benchmark
Urban Outfitters' clothing rental service Nuuly has turned its first profit since its launch in 2019, rivaling the performance of competitor Rent the Runway.
Rent the Runway to Participate in Upcoming Investor Conference
NEW YORK, Nov. 20, 2023 (GLOBE NEWSWIRE) -- Rent the Runway, Inc. (“Rent the Runway”) (Nasdaq: RENT) announced today that it will participate in the following investor event:
Rent the Runway to Report Third Quarter 2023 Results on December 5, 2023
NEW YORK, Nov. 15, 2023 (GLOBE NEWSWIRE) -- Rent the Runway, Inc. (“Rent the Runway”) (Nasdaq: RENT) announced today that it expects to release its third quarter 2023 financial results for the quarter...