Rent the Runway (NASDAQ: RENT) — Company Overview, News & Financial Data
Rent the Runway offers high-end fashion rentals, promoting sustainability and accessibility in women's fashion.
Rent the Runway
Rent the Runway (NASDAQ:RENT) is a pioneering platform in the fashion rental space, offering a diverse range of high-end clothing and accessories for women. Its innovative business model allows users to rent items for special occasions or through a subscription service for regular wardrobe updates, championing a more sustainable approach to fashion consumption. The company aims to revolutionize the way people think about and engage with their clothing, promoting a shift away from fast fashion towards more eco-conscious and adaptable fashion choices. At the heart of Rent the Runway's objectives is the empowerment of women through an expansive wardrobe, accessible without the need for permanent ownership, thereby reducing waste and encouraging a more flexible and sustainable fashion industry.
Snapshot
Operations
Products and/or services of Rent the Runway
- Clothing and accessory rental service that provides luxury apparel and designer wear for women.
- Subscription plans offering different tiers for monthly clothing rentals.
- Professional cleaning and repair services for all rented items to ensure quality and hygiene.
- Retail sales of pre-used rental clothing and accessories at discounted prices.
- Personal styling and fit advice to subscribers through a combination of technology and human stylists.
- Exclusive collaborations with designers and brands to offer unique collections and limited-edition items for rent.
Rent the Runway executive team
- Jennifer Y. HymanAdvisor
- Sarah K. TamChief Merchant Officer
- Paige L. ThomasCEO, President & Director
- David LorettaInterim Chief Financial Officer
- Cara SchembriChief Legal, Secretary & Administrative Officer
- Drew RauChief Supply Chain Officer
Latest news about Rent the Runway
Rent the Runway revenue jumps 20.8% in Q2
United StatesRent the Runway revenue climbs 29% as firm announces interim executive appointments
United StatesRent the Runway closes in on profitability with 20% revenue surge
United StatesRent the runway posts strong Q3 growth following transformative recapitalization
United States
Key financials
Reported results for Rent the Runway, in USD.
- Market cap
- 89.6M
- Revenue (TTM)
- 366.9M
- P/E ratio
- 0.3
- EPS (diluted, TTM)
- 9.5
- Dividend yield
- —
- Profit margin
- 11.8%
| Fiscal year end | Revenue | Operating income | Net income |
|---|---|---|---|
| 329.8M | -57.5M | 22.6M | |
| 306.2M | -47.3M | -69.9M | |
| 298.2M | -72M | -113.2M | |
| 296.4M | -82.1M | -138.7M |