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0.0430038510911425 0.0442875481386392 0.0519897304236201 0.0141206675224647 -0.0693196405648267 -0.101412066752246 -0.127086007702182 -0.111039794608472
Stock impact report

Rent the Runway, Inc. Announces Second Quarter 2024 Results

Rent the Runway, Inc. - Class A (RENT) 
Company Research Source: GlobeNewswire
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 the six months ending July 31, 2024, which is $24M lower than the six months ending July 31, 2023 and $48M lower than the six months ending July 31, 2022. We are reiterating our guidance to be free cash flow breakeven this fiscal year.Strong momentum in the Reserve offering as a result of increas Show less Read more
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