Rent the Runway, Inc. (RENT)
| Market Cap | 50.11M |
| Revenue (ttm) | 302.70M |
| Net Income (ttm) | -119.20M |
| Shares Out | 68.95M |
| EPS (ttm) | -1.82 |
| PE Ratio | n/a |
| Forward PE | n/a |
| Dividend | n/a |
| Ex-Dividend Date | n/a |
| Volume | 450,832 |
| Open | 0.756 |
| Previous Close | 0.763 |
| Day's Range | 0.725 - 0.778 |
| 52-Week Range | 0.725 - 4.820 |
| Beta | n/a |
| Analysts | Buy |
| Price Target | 3.63 (+399.45%) |
| Earnings Date | Sep 8, 2023 |
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. The company was incorporated in 2009 and is headquartered in Brooklyn, New York. [Read more]
Financial Performance
In 2022, RENT's revenue was $296.40 million, an increase of 45.79% compared to the previous year's $203.30 million. Losses were -$138.70 million, -34.51% less than in 2021.
Financial StatementsAnalyst Forecast
According to 10 analysts, the average rating for RENT stock is "Buy." The 12-month stock price forecast is $3.63, which is an increase of 399.45% from the latest price.
News
Rent the Runway Struggles to Meet Soaring Consumer Demand
As consumers increasingly prioritize mindful consumption across various facets of their lives, rentals have emerged as a popular means of accessing new styles without the burden of commitment and exce...
Rent the Runway, Inc. Announces Second Quarter 2023 Results
Announces Intention to Accelerate Path to Free Cash Flow Profitability Before Cash Interest to FY24 Q2 Net Loss of $(26.8) M and Net Loss Margin was (35.4)% , vs $(33.9) M and (44.3)% in Q2 2022 Stron...
Rent the Runway to Report Second Quarter 2023 Results on September 8, 2023
NEW YORK, Aug. 18, 2023 (GLOBE NEWSWIRE) -- Rent the Runway, Inc. (“Rent the Runway”) (Nasdaq: RENT) announced today that it expects to release its second quarter 2023 financial results for the quarte...
Rent the Runway stock tumbles on disappointing sales forecast
Yahoo Finance Live's Brad Smith and Julie Hyman check out shares of the subscription fashion service Rent the Runway after it released a sales forecast that disappointed investors. Yahoo Finance Live'...
Rent the Runway, Inc. Announces First Quarter 2023 Results
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 to Participate in Upcoming Investor Conferences
NEW YORK, June 05, 2023 (GLOBE NEWSWIRE) -- Rent the Runway, Inc. (“Rent the Runway”) (Nasdaq: RENT) announced today that it will participate in the following investor events:
Rent the Runway to Participate in Upcoming Investor Conference
NEW YORK, May 24, 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 First Quarter 2023 Results on June 7, 2023
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 ...
Rent the Runway stock falls despite Q4 earnings beat
Yahoo Finance Live anchors Julie Hyman and Brad Smith discuss the decline in stock for Rent the Runway.
Rent the Runway Sees Renewed Traction as Rentals Have a Moment
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 o...
After-hours movers: Rent the Runway, Harley-Davidson
Yahoo Finance anchor Seana Smith looks at the stocks making the biggest moves in after-hours trading Wednesday.
Rent the Runway full-year sales forecast comes up short, announces new CFO
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...
Rent the Runway's losses narrow as company edges closer to profitability
Rent the Runway is edging closer to profitability after cutting costs and changing its subscription model to improve its value proposition.
Rent the Runway, Inc. Announces Fourth Quarter and Full Year 2022 Results
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 Contin...
Resale Is Having Its Moment, but Will Rent the Runway?
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 platfo...
Rent the Runway to Report Fourth Quarter and Fiscal Year 2022 Results on April 12, 2023
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 resu...
Rent the Runway Offers Free Items to Woo ‘Cost-Conscious' Shoppers
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-...
Rent the Runway Permanently Adds Extra Item to Every Subscription Shipment, Meaningfully Investing in Customer Experience
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 Announces Corporate Debt Restructuring
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...
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, 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 ...
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
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 ...
DEADLINE TODAY: The Schall Law Firm Encourages Investors in Rent the Runway, Inc. with Losses of $100,000 to Contact the Firm
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 Runwa...
RENT SHAREHOLDER ALERT: Jakubowitz Law Reminds Rent the Runway Shareholders of a Lead Plaintiff Deadline of January 13, 2023
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 recei...
RENT LAWSUIT ALERT: Levi & Korsinsky Notifies Rent the Runway, Inc. Investors of a Class Action Lawsuit and Upcoming Deadline
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. CLA...
Rent the Runway Is Open for Business on Amazon
Rent the Runway is opening shop on Amazon in a move that's a fit for both brands. In a Thursday (Jan. 12) press release, the “Pre-Loved” used designer apparel marketplace announced that it has opened ...