Rent the Runway 3Q Revenue Higher, Trims 2024 Growth Range

Dow Jones

2024-12-09

By Denny Jacob

Rent the Runway recorded revenue growth in its latest quarter but trimmed its top-line outlook range for the year.

The subscription fashion rental company narrowed its loss to $18.9 million, or $4.94 a share, for the quarter, from $31.5 million, or $9.09 a share, a year earlier. Revenue edged up to $75.9 million from $72.5 million.

The company ended the quarter with 132,518 active subscribers, down from 131,725 in the third quarter of fiscal 2023.

"We believe our business is set up for acceleration across all revenue lines in 2025," said Chief Executive Jennifer Hyman.

Rent the Runway forecast revenue between $74.4 million and $80.3 million in the fiscal fourth quarter.

For 2024, the company now sees revenue growth between 2% and 4% from a year earlier. It previously forecast growth between 2% and 6%.

Write to Denny Jacob at denny.jacob@wsj.com

(END) Dow Jones Newswires

December 09, 2024 08:48 ET (13:48 GMT)

Copyright (c) 2024 Dow Jones & Company, Inc.

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It previously forecast growth between 2% and 6%. \n</p>\n<pre>\n \n</pre>\n<p>\n  Write to Denny Jacob at denny.jacob@wsj.com \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  December 09, 2024 08:48 ET (13:48 GMT)\n</p>\n<p>\n  Copyright (c) 2024 Dow Jones &amp; Company, Inc.\n</p>\n</font>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Rent the Runway 3Q Revenue Higher, Trims 2024 Growth Range</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nRent the Runway 3Q Revenue Higher, Trims 2024 Growth Range\n</h2>\n<h4 class=\"meta\">\n<div class=\"head\" \">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time smaller\">2024-12-09 21:48</p>\n</div>\n</div>\n</h4>\n</header>\n<article>\n<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\n  By Denny Jacob \n</p>\n<pre>\n \n</pre>\n<p>\n  Rent the Runway recorded revenue growth in its latest quarter but trimmed its top-line outlook range for the year. \n</p>\n<p>\n  The subscription fashion rental company narrowed its loss to $18.9 million, or $4.94 a share, for the quarter, from $31.5 million, or $9.09 a share, a year earlier. Revenue edged up to $75.9 million from $72.5 million. \n</p>\n<p>\n  The company ended the quarter with 132,518 active subscribers, down from 131,725 in the third quarter of fiscal 2023. \n</p>\n<p>\n  \"We believe our business is set up for acceleration across all revenue lines in 2025,\" said Chief Executive Jennifer Hyman. \n</p>\n<p>\n  Rent the Runway forecast revenue between $74.4 million and $80.3 million in the fiscal fourth quarter. \n</p>\n<p>\n  For 2024, the company now sees revenue growth between 2% and 4% from a year earlier. It previously forecast growth between 2% and 6%. \n</p>\n<pre>\n \n</pre>\n<p>\n  Write to Denny Jacob at denny.jacob@wsj.com \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  December 09, 2024 08:48 ET (13:48 GMT)\n</p>\n<p>\n  Copyright (c) 2024 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"CFA.SI","symbol_name":"NikkoAM-STC Asia REIT","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2490727030","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2490727030","pubTimestamp":1733752080,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"Rent the Runway recorded revenue growth in its latest quarter but trimmed its top-line outlook range for the year.The subscription fashion rental company narrowed its loss to $18.9 million, or $4.94 a share, for the quarter, from $31.5 million, or $9.09 a share, a year earlier. Revenue edged up to $75.9 million from $72.5 million.The company ended the quarter with 132,518 active subscribers, down from 131,725 in the third quarter of fiscal 2023.\"We believe our business is set up for acceleration across all revenue lines in 2025,\" said Chief Executive Jennifer Hyman.Rent the Runway forecast revenue between $74.4 million and $80.3 million in the fiscal fourth quarter.For 2024, the company now sees revenue growth between 2% and 4% from a year earlier. It previously forecast growth between 2% and 6%.","collect":0,"end_time":0,"defaultTopTitle":"","property":["earning"],"viewcount":null,"language":"en","relate_stocks":{"CFA.SI":"NikkoAM-STC Asia REIT","RENT":"Rent the Runway, Inc."},"translate_title":"Rent the Runway第三季度收入增加，削减2024年增长范围","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"CFA.SI":1,"RENT":1},"content_text":"By Denny Jacob \n\n\n \n\n\n  Rent the Runway recorded revenue growth in its latest quarter but trimmed its top-line outlook range for the year. \n\n\n  The subscription fashion rental company narrowed its loss to $18.9 million, or $4.94 a share, for the quarter, from $31.5 million, or $9.09 a share, a year earlier. Revenue edged up to $75.9 million from $72.5 million. \n\n\n  The company ended the quarter with 132,518 active subscribers, down from 131,725 in the third quarter of fiscal 2023. \n\n\n  \"We believe our business is set up for acceleration across all revenue lines in 2025,\" said Chief Executive Jennifer Hyman. \n\n\n  Rent the Runway forecast revenue between $74.4 million and $80.3 million in the fiscal fourth quarter. \n\n\n  For 2024, the company now sees revenue growth between 2% and 4% from a year earlier. It previously forecast growth between 2% and 6%. \n\n\n \n\n\n  Write to Denny Jacob at denny.jacob@wsj.com \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  December 09, 2024 08:48 ET (13:48 GMT)\n\n\n  Copyright (c) 2024 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1}}}