Articles from Rent The Runway, Inc.

Improved Business Momentum with Acceleration in Revenue Growth Led by Stronger Reserve Performance and Continued Growth in Other Revenue.

NEW YORK, Nov. 18, 2024 (GLOBE NEWSWIRE) -- Rent the Runway, Inc. (“Rent the Runway”) (Nasdaq: RENT) announced today that it expects to release its third quarter 2024 financial results for the quarter ended October 31, 2024 on Monday, December 9, 2024, before market open. Rent the Runway will host a conference call and live webcast with the investment community at 8:30 a.m. Eastern Time that same day to discuss its results and to provide a business update.

Exceeded Revenue and Adjusted EBITDA Guidance for Q2 2024. Continued Improvement in Business Momentum in Q2 2024.

NEW YORK, Aug. 16, 2024 (GLOBE NEWSWIRE) -- Rent the Runway, Inc. (“Rent the Runway”) (Nasdaq: RENT) announced today that it expects to release its second quarter 2024 financial results for the quarter ended July 31, 2024 on Thursday, September 5, 2024, after market close. Rent the Runway will host a conference call and live webcast with the investment community at 4:30 p.m. Eastern Time that same day to discuss its results and to provide a business update.

NEW YORK, June 19, 2024 (GLOBE NEWSWIRE) -- Rent the Runway, Inc. (“Rent the Runway”) (Nasdaq: RENT) announced today that it will participate in the following investor event:

Exceeded Revenue and Adjusted EBITDA Guidance for Q1 2024. Improved Business Momentum in Q1 2024.

NEW YORK, May 16, 2024 (GLOBE NEWSWIRE) -- Rent the Runway, Inc. (“Rent the Runway”) (Nasdaq: RENT) announced today that it expects to release its first quarter 2024 financial results for the quarter ended April 30, 2024 on Thursday, June 6, 2024, after market close. Rent the Runway will host a conference call and live webcast with the investment community at 4:30 p.m. Eastern Time that same day to discuss its results and to provide a business update.

Exceeded Revenue and Adjusted EBITDA Guidance for Q4 2023

NEW YORK, March 26, 2024 (GLOBE NEWSWIRE) -- Rent the Runway, Inc. (“Rent the Runway” or the “RTR”) (NASDAQRENT) today announced that it will proceed with a 1-for-20 reverse stock split (“Reverse Stock Split”) of its outstanding shares of Class A Common Stock and Class B Common Stock (collectively, the “Common Stock”) following approval by its Board of Directors. This ratio is within the ratio range approved by stockholders at a special meeting of RTR shareholders held on March 21, 2024.

NEW YORK, March 20, 2024 (GLOBE NEWSWIRE) -- Rent the Runway, Inc. (“Rent the Runway”) (Nasdaq: RENT) announced today that it expects to release its fourth quarter and fiscal year 2023 financial results for the quarter and year ended January 31, 2024, on Wednesday, April 10, 2024, after market close. Rent the Runway will host a conference call and live webcast with the investment community at 4:30 p.m. Eastern Time that same day to discuss its results and to provide a business update.

Company Engages World Class Talent to Reinvigorate Brand Focus and Reignite Growth Funnel

Announces Corporate Debt Restructuring

NEW YORK, Nov. 20, 2023 (GLOBE NEWSWIRE) -- Rent the Runway, Inc. (“Rent the Runway”) (Nasdaq: RENT) announced today that it will participate in the following investor event:

NEW YORK, Nov. 15, 2023 (GLOBE NEWSWIRE) -- Rent the Runway, Inc. (“Rent the Runway”) (Nasdaq: RENT) announced today that it expects to release its third quarter 2023 financial results for the quarter ended October 31, 2023 on Tuesday, December 5, 2023, after close of market. Rent the Runway will host a conference call and live webcast with the investment community at 4:30p.m. Eastern Time that same day to discuss its results and to provide a business update.

Announces Intention to Accelerate Path to Free Cash Flow Profitability Before Cash Interest to FY24

NEW YORK, Aug. 18, 2023 (GLOBE NEWSWIRE) -- Rent the Runway, Inc. (“Rent the Runway”) (Nasdaq: RENT) announced today that it expects to release its second quarter 2023 financial results for the quarter ended July 31, 2023 on Friday, September 8, 2023, before market open. Rent the Runway will host a conference call and live webcast with the investment community at 8:30 a.m. Eastern Time that same day to discuss its results and to provide a business update.

Record High Active Subscriber Count of 145,220 as of April 30, 2023, Growing 15% Quarter Over QuarterRapid Progress on Improving the Customer Experience

NEW YORK, June 05, 2023 (GLOBE NEWSWIRE) -- Rent the Runway, Inc. (“Rent the Runway”) (Nasdaq: RENT) announced today that it will participate in the following investor events:

NEW YORK, May 24, 2023 (GLOBE NEWSWIRE) -- Rent the Runway, Inc. (“Rent the Runway”) (Nasdaq: RENT) announced today that it will participate in the following investor event:

NEW YORK, May 17, 2023 (GLOBE NEWSWIRE) -- Rent the Runway, Inc. (“Rent the Runway”) (Nasdaq: RENT) announced today that it expects to release its first quarter 2023 financial results for the quarter ended April 30, 2023 on Wednesday, June 7, 2023, after market close. Rent the Runway will host a conference call and live webcast with the investment community at 4:30 p.m. Eastern Time that same day to discuss its results and to provide a business update.

Accelerating Subscriber Growth:Record High 141,205 Active Subscribers as of April 8, 2023Guiding to More than 25% Active Subscriber Growth for Year-End 2023FY 2023 Growth Strategy Focuses on Continuously Delivering More Value to the Customer

NEW YORK, March 22, 2023 (GLOBE NEWSWIRE) --  Rent the Runway, Inc. (“Rent the Runway”) (Nasdaq: RENT) announced today that it expects to release its fourth quarter and fiscal year 2022 financial results for the quarter and year ended January 31, 2022 on Wednesday, April 12, 2023, after market close. Rent the Runway will host a conference call and live webcast with the investment community at 4:30 p.m. Eastern Time that same day to discuss its results and to provide a business update.

Company Ushers in Its “Era of Extra” Focused on Delivering More Value to the Customer

NEW YORK, Feb. 27, 2023 (GLOBE NEWSWIRE) -- Rent the Runway, Inc. (“Rent the Runway”) (Nasdaq: RENT) announced today that it will participate in the following investor events:

Transaction enhances Rent the Runway’s ability to pursue its growth goals by extending maturity to October 2026 and reducing cash interest payments significantly

NEW YORK, Jan. 13, 2023 (GLOBE NEWSWIRE) -- Rent the Runway, Inc. (“Rent the Runway” or “RTR”) (Nasdaq: RENT), the largest shared designer closet, today announced that Brian Donato, its current Chief Supply Chain Officer, will assume the newly created role of Chief Revenue Officer. Drew Rau, currently serving in the role of VP, Inventory Performance, will expand his remit and become a part of the RTR executive team as SVP, Supply Chain and Inventory. Both changes will be effective as of January 16, 2023 and come as the brand continues to prioritize sustainable growth and reinvests in the customer experience in 2023.

NEW YORK, Jan. 12, 2023 (GLOBE NEWSWIRE) -- In a release issued today under the same headline by Rent the Runway, Inc. (“Rent the Runway”) (Nasdaq: RENT), please be advised that the brand store link in paragraph six has been amended. The corrected release follows:

NEW YORK, Jan. 12, 2023 (GLOBE NEWSWIRE) -- Rent the Runway, Inc. (“Rent the Runway”) (Nasdaq: RENT) the largest shared designer closet, is launching a new Amazon Fashion storefront to sell a selection of its Pre-Loved and exclusive Design Collective apparel.

Achieved record quarterly Revenue: Q3 2022 Revenue up 31% YoY

NEW YORK, Nov. 17, 2022 (GLOBE NEWSWIRE) -- Rent the Runway, Inc. (“Rent the Runway”) (Nasdaq: RENT) announced today that it will release its third quarter 2022 financial results for the quarter ended October 31, 2022 on Wednesday, December 7, 2022, after market close. Rent the Runway will host a conference call and live webcast with the investment community at 4:30 p.m. Eastern Time that same day to discuss its results and to provide a business update.

Rent the Runway, Inc. (“Rent the Runway”) announced today that it has launched the roadshow for the initial public offering of its Class A common stock. Rent the Runway is offering 15,000,000 shares of its Class A common stock. In addition, Rent the Runway intends to grant the underwriters a 30-day option to purchase up to an additional 2,250,000 of its Class A common stock. The initial public offering price is expected to be between $18.00 and $21.00 per share. Rent the Runway has applied to list on The Nasdaq Global Select Market under the ticker symbol “RENT.”

Rent the Runway, Inc. (“Rent the Runway” or “RTR”) today announced that it has filed a registration statement on Form S-1 with the U.S. Securities and Exchange Commission (the “SEC”) relating to a proposed initial public offering of its Class A common stock. The number of shares to be offered and the price range for the proposed offering have not yet been determined. The offering is subject to market conditions, and there can be no assurance as to whether or when the offering may be completed, or as to the actual size or terms of the offering. Rent the Runway intends to list its Class A common stock on the Nasdaq Global Select Market (“Nasdaq”) under the ticker symbol “RENT.”