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Rent The Runway Inc   (RENT)
Other Ticker:  
 
    Sector  Retail    Industry Specialty Retail
   Industry Specialty Retail
   Sector  Retail
 
Price: $0.3496 $-0.02 -5.895%
Day's High: $0.38 Week Perf: -4.3 %
Day's Low: $ 0.33 30 Day Perf: -32.08 %
Volume (M): 899 52 Wk High: $ 3.46
Volume (M$): $ 314 52 Wk Avg: $1.33
Open: $0.38 52 Wk Low: $0.31



 Market Capitalization (Millions $) 24
 Shares Outstanding (Millions) 69
 Employees 1,800
 Revenues (TTM) (Millions $) 298
 Net Income (TTM) (Millions $) -115
 Cash Flow (TTM) (Millions $) -70
 Capital Exp. (TTM) (Millions $) 75

Rent The Runway Inc
Rent the Runway Inc. is an American technology company that provides women with the opportunity to rent high-end clothing and accessories at affordable prices. The company was founded in 2009 by Jennifer Hyman and Jennifer Fleiss and is headquartered in New York City. Its business model is based on providing rental services for designer outfits and accessories, including dresses, gowns, coats, suits, and handbags.

Rent the Runway caters to women of all sizes, ranging from petite to plus-size, and offers rental periods ranging from as short as four days to a maximum of eight days. The company has been successful in catering to women's fashion needs by constantly expanding its fashion lines, including maternity and workwear, and curating outfits from more than 350 luxury fashion brands, such as Prada, Gucci, Versace, Chanel, and Tory Burch.

Rent the Runway has grown from a start-up in 2009 to become one of the most successful and innovative fashion rental companies that cater to modern women's fast-paced and sustainable lifestyle. One of the company's competitive advantages is its inventory and logistics management system, which is powered by proprietary technology that enables the company to process and ship tens of thousands of orders daily.

Rent the Runway has also developed a mobile app that allows its customers to easily browse, select, and book outfits, as well as make modifications to their orders. The app provides customers with a personalized experience by recommending outfits based on their previous rental history and personal style preferences.

The company has also launched several physical stores in certain locations in the US. These stores, called "RTR Dream Closet Stores" or "Drop-Off" locations, are designed to offer customers unique in-store experiences, private fitting rooms, and styling advice from Rent the Runway stylists.

In summary, Rent the Runway is a modern and innovative fashion company that provides an affordable solution for women to rent high-end clothing and accessories. The company's technology-based inventory management system, mobile app, and physical stores have led to its success in the fashion industry while also promoting sustainability through sharing and reusing clothing instead of buying them.


   Company Address: 10 Jay Street Brooklyn 11201 NY
   Company Phone Number: 524-6860   Stock Exchange / Ticker: NASDAQ RENT
   RENT is expected to report next financial results on April 12, 2024.


   

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Rent The Runway Inc

Rent The Runway Inc Shines with Resilient Third Quarter Performance in 2023 Earnings Season

Rent The Runway Inc, a clothing rental company, recently released its financial results for the fiscal third quarter of 2023. The company reported a loss of $0.45 per share, an improvement from the $0.56 loss per share in the same quarter the previous year. However, the company's loss increased from the preceding quarter, where it reported a loss of $0.40 per share.
In terms of revenue, Rent The Runway Inc experienced a decline of 6.331% to $72.50 million compared to $77.40 million in the same quarter the previous year. Sequentially, revenue also decreased by 4.227% from $75.70 million. This decline in revenue is concerning, as it suggests a decrease in customer demand or potential operational issues.
On the other hand, the rest of the Specialty Retail industry saw an improvement in their top-line performance during the same period. This implies that Rent The Runway Inc may be facing unique challenges within their specific market niche.

Rent The Runway Inc

Rent The Runway Inc Demonstrates Positive Momentum in Q2 2023, Significantly Reducing Losses and Increasing Income Per Share



Rent The Runway Inc, a popular online clothing rental platform, recently released its financial results for the most recent fiscal period. In this article, we will explore the notable facts and figures from their financial statements, shedding light on the company's performance and what it means for investors.
Earnings Per Share and Net Income:
Rent The Runway Inc showcased impressive improvements in its earnings per share (EPS) during the latest fiscal period. The company decreased its loss per share from $-0.53 to $-0.40 when compared to the same reporting season a year ago. Furthermore, the income per share also saw a positive trend, improving from $-0.46 per share in the prior reporting season.

Rent The Runway Inc

Rent The Runway's Revenue Soars by 10.581%, Marking Remarkable Fiscal Growth Despite Setbacks

Rent The Runway Inc, a specialty retail company, reported a significant increase in revenue by 10.581% from the same financial reporting period a year ago. The company recorded a total of $74.20 million in the first quarter of the 2023 financial report. However, despite the increase in revenue, the company posted losses, reporting a $-0.46 shortfall per share.
A closer look into the earnings of the preceding financial reporting period reveals that Rent The Runway Inc experienced a decrease in revenue by -1.592% from its previous year?s record of $75.4 million. The company?s shortfall also surged from $-0.22 per share.






 

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