Rent the Runway Q4 Outlook: Expects Revenue Of $74.4M-$80.3M Vs. $78.20M Est.; For FY24 Expects Revenue Growth Of 2%-4% YoY
Outlook
For the fiscal fourth quarter of 2024, Rent the Runway expects:
- Revenue of between $74.4 million and $80.3 million
- Adjusted EBITDA of between $16.1 million and $20.1 million
For fiscal year 2024, Rent the Runway expects:
- Revenue growth of between 2% to 4% versus fiscal year 2023
- Adjusted EBITDA Margin of 15% to 16%
- Free Cash Flow Breakeven on a full year basis
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