Rent The Runway reports Q3 EPS ($4.94) vs ($9.09) last year

Reports Q3 revenue $75.9M vs $72.5M last year. “Rent the Runway (RENT) has realigned our company talent and ways of working this year to be laser focused on achieving free cash flow breakeven, significantly increase agility of experimentation and launch cadence, and reaccelerate growth,” said Jennifer Hyman, Co-Founder, President, and CEO of Rent the Runway. “Thus far this year, we’ve driven significant growth in our Reserve and Resale offerings; reduced our costs of customer acquisition and diversified marketing spend towards brand building; and implemented successful inventory and merchandising strategies that we believe have increased customer satisfaction and loyalty rates. We are proud to have achieved this while also significantly improving free cash flow. We believe our business is set up for acceleration across all revenue lines in 2025.”