Fashion Tech Stock News Bite - Rent the Runway, Inc. (NASDAQ: RENT) Stock Turns Heads on Financial Results
Fashion Tech Stock News Bite - Rent the Runway, Inc. (NASDAQ: RENT) Stock Turns Heads on Financial Results
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Fashion Tech Stock News Bite - Rent the Runway, Inc. (NASDAQ: RENT) Stock Turns Heads on Financial Results
Rent the Runway (RENT) stock has soared above 150% on Thursday as the down-on-its-luck ecommerce play renewed market interest with a game-changing outlook for the present year.
Rent the Runway shares rose more than 36% during the regular session Wednesday and are up an additional 58.6% after-hours at $11.74 at the time of publication. "2023 was a year of significant improvements to the customer experience that we believe have set the foundation for a milestone fiscal year 2024," said Jennifer Hyman, CEO of Rent the Runway.
10.04.2024 - Exceeded Revenue and Adjusted EBITDA Guidance for Q4 2023 Expect Revenue Growth in FY 2024 through Focus on Marketing, Product Innovation and Strong Customer Retention. Committed to Achieving Free Cash Flow Breakeven for FY 2024. Q4 2023 Net Loss ...
Announces Corporate Debt Restructuring Reiterates FY23 Revenue and Adjusted EBITDA Guidance. Committed to Delivering Free Cash Flow Breakeven in FY 2024 Significantly Improved Inventory In-Stock...