1737 ET - If Rent the Runway's self-help improvements across inventory and experience continue next year and the company shows consistent growth, valuation could meaningfully expand, Jefferies analysts say in a research note. The fashion rental company's return to positive subscriber growth should serve as a catalyst for sentiment, but will be discounted by the market in the near-term until it delivers consistent results, the analysts add. Still, Rent the Runway's ability to reach its free cash flow goals and show progress should alleviate and provide flexibility for its debt position, the analysts add. Shares closed down 22% to $10.02. (sabela.ojea@wsj.com; @sabelaojeaguix)
(END) Dow Jones Newswires
December 09, 2024 17:37 ET (22:37 GMT)
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