Rent the Runway, Inc. rents designer dresses, clothing, and accessories for women through its stores and online platform. The company offers dresses, tops, sweaters, outerwear, pants, skirts, gowns, jumpsuits and rompers, activewear, and maternity clothes. It also offers handbags, jewelry, and other accessories. Rent the Runway, Inc. was founded in 2008 and is based in Brooklyn, New York. It has stores in New York, New York and Santa Monica, California.
IPO Year: 2021
Exchange: NASDAQ
Website: renttherunway.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 1/17/2024 | Overweight → Neutral | Piper Sandler | |
| 1/16/2024 | Overweight → Equal Weight | Wells Fargo | |
| 12/15/2022 | Peer Perform | Wolfe Research | |
| 9/13/2022 | $4.00 | Outperform → Neutral | Credit Suisse |
| 7/22/2022 | Overweight | Piper Sandler | |
| 7/21/2022 | Sector Weight | KeyBanc Capital Markets | |
| 6/30/2022 | $9.00 | Outperform | Raymond James |
| 3/18/2022 | $13.00 | Buy | Jefferies |
| 1/20/2022 | $21.00 → $16.00 | Overweight | Keybanc |
| 11/22/2021 | $28.00 | Overweight | Morgan Stanley |
10-Q - Rent the Runway, Inc. (0001468327) (Filer)
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NEW YORK, Nov. 18, 2024 (GLOBE NEWSWIRE) -- Rent the Runway, Inc. ("Rent the Runway") (NASDAQ:RENT) announced today that it expects to release its third quarter 2024 financial results for the quarter ended October 31, 2024 on Monday, December 9, 2024, before market open. Rent the Runway will host a conference call and live webcast with the investment community at 8:30 a.m. Eastern Time that same day to discuss its results and to provide a business update. The financial results and live webcast, including presentation materials, will be accessible through the Investor Relations section of Rent the Runway's website at https://investors.renttherunway.com/ under the "Events" section. To acces
Exceeded Revenue and Adjusted EBITDA Guidance for Q2 2024. Continued Improvement in Business Momentum in Q2 2024. Record Low Cash Consumption in 1H 2024. Raised FY24 Revenue Guidance Underscores Confidence in Business Trajectory. Reiterates Expectation for Free Cash Flow Breakeven in FY 2024. NEW YORK, Sept. 05, 2024 (GLOBE NEWSWIRE) -- Rent the Runway, Inc. ("Rent the Runway" or "RTR") (NASDAQ:RENT), transforming the way women get dressed by pioneering the world's first Closet in the Cloud, today reported financial results for the fiscal quarter ended July 31, 2024. Fiscal Second Quarter and Recent Business Highlights Improved free cash flow consumption of $6M for
NEW YORK, Aug. 16, 2024 (GLOBE NEWSWIRE) -- Rent the Runway, Inc. ("Rent the Runway") (NASDAQ:RENT) announced today that it expects to release its second quarter 2024 financial results for the quarter ended July 31, 2024 on Thursday, September 5, 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. The financial results and live webcast, including presentation materials, will be accessible through the Investor Relations section of Rent the Runway's website at https://investors.renttherunway.com/ under the "Events" section. To acce
NEW YORK, June 19, 2024 (GLOBE NEWSWIRE) -- Rent the Runway, Inc. ("Rent the Runway") (NASDAQ:RENT) announced today that it will participate in the following investor event: A.G.P.'s Virtual Consumer Showcase, to be held virtually. Management will participate in a fireside chat on June 26, 2024 at 4:30PM ET. The live webcast of the fireside chat will be available on Rent the Runway's investor relations website under the "Events" section at https://investors.renttherunway.com/. The webcast will also be available for replay for at least 14 days following the presentation. About Rent the Runway Founded in 2009, Rent the Runway is disrupting the trillion-dollar fashion industry and changing
Exceeded Revenue and Adjusted EBITDA Guidance for Q1 2024. Improved Business Momentum in Q1 2024. Record Low Quarterly Cash Consumption in Q1 2024. Reiterates Expectation for Revenue Growth and Free Cash Flow Breakeven in FY 2024. NEW YORK, June 06, 2024 (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 April 30, 2024. Fiscal First Quarter and Recent Business Highlights Record low quarterly free cash flow consumption of less than $2M, which is $11M lower than Q1 2023 and $27M lower than Q1 2022. We are reiterating ou
NEW YORK, May 16, 2024 (GLOBE NEWSWIRE) -- Rent the Runway, Inc. ("Rent the Runway") (NASDAQ:RENT) announced today that it expects to release its first quarter 2024 financial results for the quarter ended April 30, 2024 on Thursday, June 6, 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. The financial results and live webcast, including presentation materials, will be accessible through the Investor Relations section of Rent the Runway's website at https://investors.renttherunway.com/ under the "Events" section. To access
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. The Reverse Stock Split is expected to become effective at 5 p.m., Eastern Time, on April 2, 2024. RTR expects the Company's Class A Common Stock will begin trading on a post-split basis at the market op
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. The financial results and live webcast, including presentation materials, will be accessible through the Investor Relations section of Rent the Runway's website at https://investors.renttherunway.com/ under t
NEW YORK, Feb. 28, 2024 (GLOBE NEWSWIRE) -- Rent the Runway (RTR) today announced the appointment of Natalie McGrath as Chief Marketing Officer, effective March 4, 2024. McGrath will oversee all aspects of the Rent the Runway customer journey, including brand and growth marketing, creative services, public relations, and customer service. She will report to Co-Founder, CEO and President Jennifer Hyman. McGrath's appointment comes at a pivotal time for Rent the Runway, which has spent the past several years shoring up critical aspects of the business. The company is now focused on reigniting customer growth investments including brand and experiential marketing, lifecycle marketing and c
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: Morgan Stanley's Global Consumer & Retail Conference, to be held in New York, NY. Management will participate in a fireside chat on December 6, 2023 at 3:00 PM ET. About Rent the Runway Founded in 2009, Rent the Runway is disrupting the trillion-dollar fashion industry and changing the way women get dressed through the Closet in the Cloud, the world's first and largest shared designer closet. RTR's mission has remained the same since its founding: powering women to feel their best every day. Through RTR, customers ca
NEW YORK, Feb. 28, 2024 (GLOBE NEWSWIRE) -- Rent the Runway (RTR) today announced the appointment of Natalie McGrath as Chief Marketing Officer, effective March 4, 2024. McGrath will oversee all aspects of the Rent the Runway customer journey, including brand and growth marketing, creative services, public relations, and customer service. She will report to Co-Founder, CEO and President Jennifer Hyman. McGrath's appointment comes at a pivotal time for Rent the Runway, which has spent the past several years shoring up critical aspects of the business. The company is now focused on reigniting customer growth investments including brand and experiential marketing, lifecycle marketing and c
NEW YORK, Nov. 18, 2024 (GLOBE NEWSWIRE) -- Rent the Runway, Inc. ("Rent the Runway") (NASDAQ:RENT) announced today that it expects to release its third quarter 2024 financial results for the quarter ended October 31, 2024 on Monday, December 9, 2024, before market open. Rent the Runway will host a conference call and live webcast with the investment community at 8:30 a.m. Eastern Time that same day to discuss its results and to provide a business update. The financial results and live webcast, including presentation materials, will be accessible through the Investor Relations section of Rent the Runway's website at https://investors.renttherunway.com/ under the "Events" section. To acces
Exceeded Revenue and Adjusted EBITDA Guidance for Q2 2024. Continued Improvement in Business Momentum in Q2 2024. Record Low Cash Consumption in 1H 2024. Raised FY24 Revenue Guidance Underscores Confidence in Business Trajectory. Reiterates Expectation for Free Cash Flow Breakeven in FY 2024. NEW YORK, Sept. 05, 2024 (GLOBE NEWSWIRE) -- Rent the Runway, Inc. ("Rent the Runway" or "RTR") (NASDAQ:RENT), transforming the way women get dressed by pioneering the world's first Closet in the Cloud, today reported financial results for the fiscal quarter ended July 31, 2024. Fiscal Second Quarter and Recent Business Highlights Improved free cash flow consumption of $6M for
NEW YORK, Aug. 16, 2024 (GLOBE NEWSWIRE) -- Rent the Runway, Inc. ("Rent the Runway") (NASDAQ:RENT) announced today that it expects to release its second quarter 2024 financial results for the quarter ended July 31, 2024 on Thursday, September 5, 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. The financial results and live webcast, including presentation materials, will be accessible through the Investor Relations section of Rent the Runway's website at https://investors.renttherunway.com/ under the "Events" section. To acce
Exceeded Revenue and Adjusted EBITDA Guidance for Q1 2024. Improved Business Momentum in Q1 2024. Record Low Quarterly Cash Consumption in Q1 2024. Reiterates Expectation for Revenue Growth and Free Cash Flow Breakeven in FY 2024. NEW YORK, June 06, 2024 (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 April 30, 2024. Fiscal First Quarter and Recent Business Highlights Record low quarterly free cash flow consumption of less than $2M, which is $11M lower than Q1 2023 and $27M lower than Q1 2022. We are reiterating ou
NEW YORK, May 16, 2024 (GLOBE NEWSWIRE) -- Rent the Runway, Inc. ("Rent the Runway") (NASDAQ:RENT) announced today that it expects to release its first quarter 2024 financial results for the quarter ended April 30, 2024 on Thursday, June 6, 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. The financial results and live webcast, including presentation materials, will be accessible through the Investor Relations section of Rent the Runway's website at https://investors.renttherunway.com/ under the "Events" section. To access
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. The financial results and live webcast, including presentation materials, will be accessible through the Investor Relations section of Rent the Runway's website at https://investors.renttherunway.com/ under t
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 ended October 31, 2023 on Tuesday, December 5, 2023, after close of market. Rent the Runway will host a conference call and live webcast with the investment community at 4:30p.m. Eastern Time that same day to discuss its results and to provide a business update. The financial results and live webcast, including presentation materials, will be accessible through the Investor Relations section of Rent the Runway's website at https://investors.renttherunway.com/ under the "Events" section. To
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 Strong Adjusted EBITDA of $7.7M and Adjusted EBITDA Margin of 10.2% in Q2 2023, Up From $1.8M and 2.4% in Q2 2022 Revises Fiscal Year 2023 Guidance NEW YORK, Sept. 08, 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 July 31, 2023. "For some time, we hav
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 quarter ended July 31, 2023 on Friday, September 8, 2023, before market open. Rent the Runway will host a conference call and live webcast with the investment community at 8:30 a.m. Eastern Time that same day to discuss its results and to provide a business update. The financial results and live webcast, including presentation materials, will be accessible through the Investor Relations section of Rent the Runway's website at https://investors.renttherunway.com/ under the "Events" section. To access
Record High Active Subscriber Count of 145,220 as of April 30, 2023, Growing 15% Quarter Over QuarterRapid Progress on Improving the Customer Experience Significant Momentum on Path to Free Cash Flow Profitability: Q1 2023 Net Loss of $(30.1)M and Net Margin of (40.6)% vs. $(42.5)M and (63.3)% in Q1 2022Strong Adjusted EBITDA of $4.5M and Adjusted EBITDA Margin of 6.1% in Q1 2023, Up From $(8.8)M and (13.1)% in Q1 2022 Revenue of $74.2M in Q1 2023, up 10.6% YoY NEW YORK, June 07, 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
Piper Sandler downgraded Rent the Runway from Overweight to Neutral
Wells Fargo downgraded Rent the Runway from Overweight to Equal Weight
Wolfe Research initiated coverage of Rent the Runway with a rating of Peer Perform
Credit Suisse downgraded Rent the Runway from Outperform to Neutral and set a new price target of $4.00
Piper Sandler initiated coverage of Rent the Runway with a rating of Overweight
KeyBanc Capital Markets initiated coverage of Rent the Runway with a rating of Sector Weight
Raymond James initiated coverage of Rent the Runway with a rating of Outperform and set a new price target of $9.00
Jefferies initiated coverage of Rent the Runway with a rating of Buy and set a new price target of $13.00
Keybanc reiterated coverage of Rent the Runway with a rating of Overweight and set a new price target of $16.00 from $21.00 previously
Morgan Stanley initiated coverage of Rent the Runway with a rating of Overweight and set a new price target of $28.00
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JMP Securities analyst Andrew Boone maintains Rent the Runway (NASDAQ:RENT) with a Market Outperform and raises the price target from $20 to $40.
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Key Takeaways: ATRenew posted strong first-quarter revenue growth and predicted similar gains in the second quarter as China steps up a recent recycling campaign The company’s stock has more than doubled from an early February low, part of a broader recent rally for U.S.-listed Chinese companies By Doug Young There’s nothing like a government push to get your business flowing, especially when one of your key stakeholders – which just happens to be one of China’s top e-commerce companies – decides to fully embrace Beijing’s latest campaign to boost recycling. Those were some of the key themes coming from ATRenew Inc. (NYSE:RERE), one of China’s leading recyclers, which on Monday repor