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Rent The Runway Inc (RENT) |
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Price: $9.7600
$-0.35 
-3.462%
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| Day's High:
| $10.32
| Week Perf:
| 4.16 %
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| Day's Low: |
$ 9.50 |
30 Day Perf: |
-6.42 % |
| Volume (M): |
69 |
52 Wk High: |
$ 41.81 |
| Volume (M$): |
$ 671 |
52 Wk Avg: |
$13.19 |
| Open: |
$10.02 |
52 Wk Low: |
$4.71 |
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| Market Capitalization (Millions $) |
36 |
| Shares
Outstanding (Millions) |
4 |
| Employees |
1,800 |
| Revenues (TTM) (Millions $) |
302 |
| Net Income (TTM) (Millions $) |
-94 |
| Cash Flow (TTM) (Millions $) |
-47 |
| Capital Exp. (TTM) (Millions $) |
68 |
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
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| Stock Performances by Major Competitors |
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| Stocks on the Move
Published Fri, Jun 28 2024 4:59 AM UTC
Rent the Runway vs. Nuuly: Which Clothing Rental Subscription Should You Try'Rent the Runway and Nuuly are two popular clothing rental subscription services that offer a convenient and affordable way to refresh your wardrobe without having to buy new clothes. Both platforms have their own unique features and benefits, making it difficult to decide which one is the best fit f...
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| Rent The Runway Inc
As a financial analyst covering Rent The Runway Inc for the CSIMarket.com, I am thrilled to interpret the company's latest fiscal results and the announcement of a 1-for-20 reverse stock split.
Rent The Runway Inc has shown significant improvement in its financial performance for the fiscal period closing April 30, 2024. The company reported a decrease in loss per share to $-6.03, compared to $-9.20 a year prior. Additionally, revenue saw a moderate growth of 1.078% to $75.00 million, showcasing the company's resilience and ability to adapt to market dynamics.
The business saw a 3.53% relative increase compared to its Specialty Retail sector contemporaries, reflecting Rent The Runway Inc's strong positioning and strategic decision-making. The net loss also decreased to $-22.000 million, a significant improvement from the $-30.100 million reported in the same period a year ago.
One of the most interesting developments for Rent The Runway Inc is the announcement of a 1-for-20 reverse stock split. This move, approved by the Board of Directors and voted in favor by stockholders, is a clear indication of the company's commitment to enhancing shareholder value. With the consolidation of shares, current shareholders can expect a reduction in total number of shares and an increase in price per share.
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| Rent The Runway Inc
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.
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| Rent The Runway Inc
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.
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| Rent The Runway Inc
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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| Per Share |
Current |
| Earnings (TTM) |
-25.77 $ |
| Revenues (TTM) |
80.87 $
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| Cash Flow (TTM) |
- |
| Cash |
20.5 $
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| Book Value |
-
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| Dividend (TTM) |
0 $ |
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| Per Share |
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| Earnings (TTM) |
-25.77 $
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| Revenues (TTM) |
80.87 $ |
| Cash Flow (TTM) |
- |
| Cash |
20.5 $
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| Book Value |
- |
| Dividend (TTM) |
0 $ |
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On June 6 2024 the Rent The Runway Inc provided following guidance
Rent the Runway, Inc. is pleased to announce that it has surpassed its revenue and adjusted EBITDA targets for the first quarter of 2024, demonstrating strong business growth and momentum during this period. While specific financial figures were not disclosed in the provided information, the company is proud to report its exceptional performance.
The company's revenue and adjusted EBITDA for the first quarter of 2024 exceeded expectations, indicating the effectiveness of Rent the Runway's strategies and initiatives. This achievement highlights the company's ability to capture a larger market share and generate substantial financial returns.
Moreover, Rent the Runway experienced improved busines...
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