Streetbeat News

RENT

Rent the Runway, Inc.

https://www.renttherunway.com

Industry

Apparel - Retail

Rent the Runway, Inc. rents designer wear for women through its stores and online retail. The company offers ready-to-wear, workwear, denim, casual, maternity, outerwear, blouses, knitwear, loungewear, jewelry, handbags, activewear, ski wear, home goods, evening wear, and kids wear, as well as accessories. It also engages in the software development and support activities. The company was incorporated in 2009 and is headquartered in Brooklyn, New York.

Open

9.65

Mkt cap

36M

Volume

46K

High

9.70

P/E Ratio

-0.38

52-wk high

41.81

Low

9.12

Div yield

N/A

52-wk low

4.46

Rent the Runway shares increased following mixed Q4 financial results and future guidance.

Portfolio Pulse from Benzinga Newsdesk

April 10, 2024 | 8:19 pm

Rent the Runway (NASDAQ:RENT) reported Q4 earnings with a loss of $(7.02) per share, missing the $(6.53) estimate, but sales of $75.80M exceeded the $74.10M forecast. This represents a slight improvement in both losses and sales compared to the same period last year.

Portfolio Pulse from Benzinga Newsdesk

April 10, 2024 | 8:02 pm

In Wednesday's intraday session, several consumer discretionary stocks experienced significant movements. Rent the Runway (RENT) led the gainers with a 38.8% increase following their Q4 earnings release. Other notable gainers included Selina Hospitality (SLNA), Color Star Tech (ADD), Cazoo Gr (CZOO), U Power (UCAR), and Dogness (Intl) (DOGZ). On the losing end, Faraday Future (FFIE) saw the largest decline, followed by REE Automotive (REE), iRobot (IRBT), Revolve Gr (RVLV), and Luminar Technologies (LAZR).

Portfolio Pulse from Benzinga Insights

April 10, 2024 | 4:31 pm

Earnings reports for April 10, 2024, include projections for companies like Delta Air Lines, Altamira Therapeutics, and Rent the Runway, among others. Expectations range from losses to modest profits across various sectors.

Portfolio Pulse from Benzinga Insights

April 10, 2024 | 9:18 am

Lamb Weston Holdings, Inc. (NYSE:LW) reported weak Q3 results, missing earnings and sales estimates, leading to a 17.5% drop in its stock price. Other companies like DigiAsia Corp., GCT Semiconductor Holding, SolarMax Technology, Paragon 28, Resources Connection, Aquestive Therapeutics, Rent the Runway, Paramount Global, Hims & Hers Health, Hertz Global Holdings, and Alpine Immune Sciences also saw significant stock price declines due to various reasons including weak sales, downgrades, and financial filings.

Portfolio Pulse from Avi Kapoor

April 04, 2024 | 2:44 pm

Trading halt status was updated at 8:55:00 AM ET, indicating a resumption of quotations, news, and resumption times.

Portfolio Pulse from Benzinga Newsdesk

April 03, 2024 | 12:55 pm

Trading for RENT was halted at 7:50:00 p.m. ET due to pending news. This action indicates that significant news is expected to be released, which could materially impact the company's stock price.

Portfolio Pulse from Benzinga Newsdesk

April 02, 2024 | 11:50 pm

In Tuesday's after-market session, 12 consumer discretionary stocks saw significant movements. Notably, Cazoo Gr (CZOO) surged 25.6%, while GameStop (GME) dropped 14.7% following its Q4 earnings report. Other gainers include The One Group Hospitality (STKS) and Rent the Runway (RENT), with increases of 14.71% and 6.72%, respectively. Among the losers, Lobo EV Technologies (LOBO) and JOANN (JOAN) saw declines of 10.63% and 9.1%, respectively. Viomi Technology Co (VIOT) also reported FY earnings.

Portfolio Pulse from Benzinga Insights

March 26, 2024 | 9:32 pm

Rent The Runway has announced a 1-for-20 reverse stock split, a move typically aimed at increasing the market price of a company's shares. This action can be indicative of efforts to meet stock exchange listing requirements or to improve the stock's appeal to investors.

Portfolio Pulse from Benzinga Newsdesk

March 26, 2024 | 8:05 pm

ATRenew Inc. (NYSE:RERE) reported its first-ever quarterly net profit since its 2021 IPO, with shares surging 27% following the announcement. The company's revenue increased by 30% in Q4, driven by efficiencies and a significant iPhone recycling collaboration with Apple. ATRenew's diversification into other electronics and consumer products, alongside operational improvements, contributed to this milestone. The company's alignment with China's recycling priorities and expansion into global markets with its automated inspection technology further supports its growth outlook.

Portfolio Pulse from The Bamboo Works

March 20, 2024 | 3:30 pm

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