Exhibit 99.1 Rent the Runway, Inc. Announces Third Quarter 2024 Results Improved Business Momentum with Acceleration in Revenue Growth Led by Stronger Reserve Performance and Continued Growth in Other Revenue. Return to Subscriber Growth in Q3 2024. Record Low Cash Consumption for 9 Months Ending Oct 31, 2024. Reiterates Expectation for Free Cash Flow Breakeven in FY 2024. New York (December 9, 2024) - Rent the Runway, Inc. ("Rent the Runway" or "RTR") (NASDAQ: RENT), transforming the way women get dressed ...

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. The financial results and live webcast, including p ...

Investors might want to bet on Rent the Runway, Inc. (RENT) , as it has been recently upgraded to a Zacks Rank #1 (Strong Buy). This rating change essentially reflects an upward trend in earnings estimates -- one of the most powerful forces impacting stock prices.The sole determinant of the Zacks rating is a company's changing earnings picture. The Zacks Consensus Estimate -- the consensus of EPS estimates from the sell-side analysts covering the stock -- for the current and following years is tracked by th ...

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Group 1: Company Overview - Rent the Runway (RTR) is a fashion company that allows customers to rent high-priced designer garments, specifically catering to women, providing access to luxury clothing at a lower cost than purchasing [2][3] - The company aims to offer an "unlimited closet" experience, allowing customers to swap garments whenever they like, generating revenue primarily through subscription fees ranging from $94 to $235 per month [3] Group 2: Financial Performance - RTR has improved its profitability, increasing its gross margin by nearly 600 basis points since fiscal year 2021, with an adjusted EBITDA margin exceeding 17% last quarter, a 700+ basis point increase from the previous year [4] - Free cash flow has significantly improved, with a loss of $6 million in the first half of 2024 compared to a loss of $30 million in the same period of 2023, with expectations to break even on cash flow in 2024 [5][6] Group 3: Competitive Landscape - RTR's active subscribers have declined by 3% year over year, while competitors like Nuuly have seen a 55% growth in active subscribers, indicating a competitive disadvantage for RTR [8][10] - Nuuly, owned by Urban Outfitters, has a significant advantage in offering a wider variety of clothing options and a lower price point, which contributes to its superior growth compared to RTR [10] Group 4: Market Sentiment and Valuation - Despite challenges, RTR's low valuation is notable, trading at nearly one-tenth of its projected sales over the next twelve months, which has attracted interest from some Wall Street analysts [12] - Analysts have set a price target of $26 per share for RTR, suggesting a potential upside of 180% from its current trading price of $9.31 [1][11]

Rent the Runway, Inc. (RENT) appears an attractive pick, as it has been recently upgraded to a Zacks Rank #2 (Buy). This upgrade primarily reflects an upward trend in earnings estimates, which is one of the most powerful forces impacting stock prices. The sole determinant of the Zacks rating is a company's changing earnings picture. The Zacks Consensus Estimate -- the consensus of EPS estimates from the sell-side analysts covering the stock -- for the current and following years is tracked by the system. Si ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 ____________________________ ____________________________ FORM 10-Q ____________________________ (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended July 31, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _______ to ________ Commission file number 001-40958 RENT THE RUNWAY, IN ...

Rent the Runway, Inc. (NASDAQ:RENT) Q2 2024 Earnings Conference Call September 5, 2024 4:30 PM ET Corporate Participants Cara Schembri - Chief Legal & Administrative Officer Jennifer Hyman - Co-Founder, Chief Executive Officer and Chair Siddharth Thacker - Chief Financial Officer Conference Call Participants Matt Condon - Citizens JMP Securities Ashley Helgans - Jefferies Operator Welcome to Rent the Runway's Second Quarter 2024 Earnings Results Conference Call. At this time, all participants are on a liste ...

Rent the Runway, Inc. (RENT) came out with a quarterly loss of $4.17 per share versus the Zacks Consensus Estimate of a loss of $5.86. This compares to loss of $8 per share a year ago. These figures are adjusted for nonrecurring items. This quarterly report represents an earnings surprise of 28.84%. A quarter ago, it was expected that this company would post a loss of $6.56 per share when it actually produced a loss of $6.03, delivering a surprise of 8.08%. Over the last four quarters, the company has surpa ...

Exhibit 99.1 Rent the Runway, Inc. Announces Second Quarter 2024 Results Exceeded Revenue and Adjusted EBITDA Guidance for Q2 2024. Continued Improvement in Business Momentum in Q2 2024. Record Low Cash Consumption in 1H 2024. Raised FY24 Revenue Guidance Underscores Confidence in Business Trajectory. Reiterates Expectation for Free Cash Flow Breakeven in FY 2024. New York (September 5, 2024) - Rent the Runway, Inc. ("Rent the Runway" or "RTR") (NASDAQ: RENT), transforming the way women get dressed by pione ...