Profile
Sector:
Consumer CyclicalIndustry:
Apparel RetailCountry:
United StatesIPO:
27 October 2021Website:
http://www.renttherunway.comNext earnings report:
06 September 2024Last dividends:
N/ANext dividends:
N/APrice
after hours | Wed, 03 Jul 2024 18:03:40 GMTDividend
Analysts recommendations
Institutional Ownership
RENT Latest News
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:
Rent the Runway (NASDAQ: RENT ) has an interesting business model that I believe can be quite effective, especially with economic growth slowing and many consumers looking to reduce their spending. The company has steadily grown and is becoming more profitable, while the firm appears to utilize effective marketing techniques and the valuation of Rent the Runway stock is quite low.
Rent the Runway, Inc. (RENT) came out with a quarterly loss of $6.03 per share versus the Zacks Consensus Estimate of a loss of $6.56. This compares to loss of $9.20 per share a year ago.
Here's what's going on with Rent the Runway (NASDAQ: RENT ). Some traders are desperately looking for the next red-hot meme stock or the next artificial intelligence stock.
Rent the Runway's stock has tripled year to date in sympathy with other small-cap meme stocks, but the company has also made significant fundamental improvements. The company offers a subscription membership for renting designer items, starting at $89/month. While subscribers have been declining, Rent the Runway is focusing on improving profitability and pushing inventory sales.
Rent the Runway Inc., an online clothing-rental platform, has seen its stock soar by 360% this week, marking its best week ever, after facing challenges with debt and declining clothing demand over the past three years.
Struggling stocks can sometimes rapidly reverse course and show significant gains. This week, Rent the Runway (NASDAQ: RENT) has experienced this exact scenario.
Rent the Runway experienced a notable increase in its stock price following a positive forecast for the next year, supported by a smaller loss compared to the previous year.
Rent the Runway's stock saw a 170% increase due to the company's positive outlook for 2024. The company anticipates reaching breakeven cashflow for the full fiscal year in 2024.
Rent the Runway (NASDAQ: RENT) saw a significant increase in its stock price on Thursday following positive earnings and reduced losses. The stock surged by more than 36% on Wednesday and by over 30% in pre-market trading, bringing its market cap close to $30 million.
What type of business is Rent the Runway?
Rent the Runway, Inc. rents designer wear for women through its stores and online retail. The company offers ready-to-wear, workwear, denim, casual, maternity, outerwear, blouses, knitwear, loungewear, jewelry, handbags, activewear, ski wear, home goods, evening wear, and kids wear, as well as accessories. It also engages in the software development and support activities. The company was incorporated in 2009 and is headquartered in Brooklyn, New York.
What sector is Rent the Runway in?
Rent the Runway is in the Consumer Cyclical sector
What industry is Rent the Runway in?
Rent the Runway is in the Apparel Retail industry
What country is Rent the Runway from?
Rent the Runway is headquartered in United States
When did Rent the Runway go public?
Rent the Runway initial public offering (IPO) was on 27 October 2021
What is Rent the Runway website?
https://www.renttherunway.com
Is Rent the Runway in the S&P 500?
No, Rent the Runway is not included in the S&P 500 index
Is Rent the Runway in the NASDAQ 100?
No, Rent the Runway is not included in the NASDAQ 100 index
Is Rent the Runway in the Dow Jones?
No, Rent the Runway is not included in the Dow Jones index
When does Rent the Runway report earnings?
The next expected earnings date for Rent the Runway is 06 September 2024