Rent the Runway, Inc. (RENT)
Market Cap | 24.49M |
Revenue (ttm) | 297.80M |
Net Income (ttm) | -114.60M |
Shares Out | 67.81M |
EPS (ttm) | -1.71 |
PE Ratio | n/a |
Forward PE | n/a |
Dividend | n/a |
Ex-Dividend Date | n/a |
Volume | 726,148 |
Open | 0.352 |
Previous Close | 0.342 |
Day's Range | 0.338 - 0.356 |
52-Week Range | 0.310 - 3.460 |
Beta | 0.86 |
Analysts | Buy |
Price Target | 1.91 (+452.98%) |
Earnings Date | Apr 10, 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. 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 8 analysts, the average rating for RENT stock is "Buy." The 12-month stock price forecast is $1.91, which is an increase of 452.98% from the latest price.
News
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.
Top 3 Consumer Stocks Which Could Rescue Your Portfolio In January - Mobileye Global (NASDAQ:MBLY), Canoo (NASDAQ:GOEV)
The most oversold stocks in the consumer discretionary presents an opportunity to buy into undervalued companies.
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...
How Urban Outfitters' Nuuly is outsmarting Rent the Runway
Since launching in 2019, Nuuly, a clothing rental subscription service by Urban Outfitters Inc., is growing quickly.
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 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.