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
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News
- New Strong Buy Stocks for October 23rd [Yahoo! Finance]Yahoo! Finance
- All You Need to Know About Rent the Runway (RENT) Rating Upgrade to Buy [Yahoo! Finance]Yahoo! Finance
- Rent the Runway, Inc. (NASDAQ: RENT) had its price target lowered by analysts at Jefferies Financial Group Inc. from $34.00 to $26.00. They now have a "buy" rating on the stock.MarketBeat
- Rent the Runway, Inc. (RENT) Q2 2024 Earnings Call Transcript [Seeking Alpha]Seeking Alpha
- Rent the Runway, Inc. Announces Second Quarter 2024 Results [Yahoo! Finance]Yahoo! Finance
RENT
Earnings
- 9/5/24 - Beat
RENT
Sec Filings
- 11/8/24 - Form 4/A
- 11/8/24 - Form 4
- 11/8/24 - Form 4
- RENT's page on the SEC website