Rent the Runway, Inc. Announces Third Quarter 2024 Results
Rent the Runway, Inc. - Class A (RENT)
Company Research
Source: GlobeNewswire
Improved Business Momentum with Acceleration in Revenue Growth Led by Stronger Reserve Performance and Continued Growth in Other Revenue. Return to Subscriber Growth in Q3 2024. Record Low Cash Consumption for 9 Months Ending Oct 31, 2024. Reiterates Expectation for Free Cash Flow Breakeven in FY 2024. NEW YORK, Dec. 09, 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 October 31, 2024. Fiscal Third Quarter and Recent Business Highlights Improved free cash flow consumption of $9M for the nine months ending October 31, 2024, which is $38M lower than the nine months ending October 31, 2023 and $61M lower than the nine months ending October 31, 2022.Fastest Y-o-Y Growth in Reserve orders since Q1 22, which we believe is a result of focus and operational improvements that resulted in in
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News
- Rent the Runway, Inc. (NASDAQ: RENT) had its "market outperform" rating re-affirmed by analysts at JMP Securities. They now have a $40.00 price target on the stock.MarketBeat
- Rent the Runway Inc (RENT) Q3 2024 Earnings Call Highlights: Revenue Growth and Strategic ... [Yahoo! Finance]Yahoo! Finance
- Rent the Runway and Dallas Cowboys Cheerleaders Team Up for Empowering PartnershipPR Newswire
- Rent the Runway, Inc. Announces Third Quarter 2024 Results [Yahoo! Finance]Yahoo! Finance
- Rent the Runway Inc (RENT) Q3 2024: Everything You Need To Know Ahead Of Earnings [Yahoo! Finance]Yahoo! Finance
RENT
Earnings
- 12/9/24 - Beat
RENT
Sec Filings
- 12/18/24 - Form 4
- 12/18/24 - Form 4
- 12/18/24 - Form 4
- RENT's page on the SEC website