Rent the Runway, Inc. Announces First Quarter 2024 Results

NEW YORK, June 06, 2024 (GLOBE NEWSWIRE) -- Rent the Runway, Inc. ("Rent the Runway" or "RTR") (NASDAQ: RENT), the world's first and largest shared designer closet platform, today reported financial results for the fiscal quarter ended April 30, 2024. Record Low Quarterly Cash Consumption in Q1 2024. Record low quarterly free cash flow consumption of less than $2M, which is$11M lower than Q1 2023 and $27M lower than Q1 2022. We are reiterating our guidance to be free cash flow breakeven this year. Strong r ...