Rent the Runway will release Q3 2024 financial results on December 9, 2024, with a conference call at 8:30 a.m. ET.
Quiver AI Summary
Rent the Runway, Inc. announced it will release its third quarter 2024 financial results for the period ending October 31, 2024, on December 9, 2024, prior to the market opening. The company will conduct a conference call and live webcast at 8:30 a.m. ET on the same day to discuss the results and provide a business update. These details will be available through the Investor Relations section of their website. Founded in 2009, Rent the Runway aims to transform the fashion industry by offering a subscription model, renting, and resale options from numerous designer brands. Under the leadership of CEO Jennifer Hyman, the company has received multiple accolades for its innovative approach in the fashion sector.
Potential Positives
- Rent the Runway is set to release its third quarter 2024 financial results on December 9, 2024, highlighting transparency and ongoing communication with investors.
- The company will host a conference call and live webcast to discuss results and provide a business update, emphasizing engagement with the investment community.
- Rent the Runway's continued recognition, including multiple placements on CNBC’s “Disruptor 50” and Fast Company’s Most Innovative Companies list, reflects strong brand credibility and market impact.
Potential Negatives
- Announcement of upcoming financial results indicates a lack of immediate performance metrics, which may raise concerns among investors about the company's financial health.
- The press release does not mention any specific improvements or strategies being deployed to address potential challenges faced by the company.
FAQ
When will Rent the Runway announce its Q3 2024 financial results?
Rent the Runway will announce its Q3 2024 financial results on December 9, 2024, before market open.
How can I access Rent the Runway's upcoming conference call?
You can access the conference call by dialing 1-877-407-3982 in the U.S. or 1-201-493-6780 internationally.
Where can I find Rent the Runway's live webcast and presentation materials?
The live webcast and presentation materials will be available on Rent the Runway's Investor Relations website under the “Events” section.
What is Rent the Runway's mission?
Rent the Runway's mission is to empower women to feel their best every day through their innovative rental model.
How long will the replay of the conference call be available?
The replay of the conference call will be available for at least fourteen days after the call.
Disclaimer: This is an AI-generated summary of a press release distributed by GlobeNewswire. The model used to summarize this release may make mistakes. See the full release here.
$RENT Insider Trading Activity
$RENT insiders have traded $RENT stock on the open market 68 times in the past 6 months. Of those trades, 0 have been purchases and 68 have been sales.
Here’s a breakdown of recent trading of $RENT stock by insiders over the last 6 months:
- CARA SCHEMBRI (Chief Legal & Admin. Officer) has traded it 10 times. They made 0 purchases and 10 sales, selling 3,092 shares.
- BECKY CASE (SVP, Engineering) has traded it 10 times. They made 0 purchases and 10 sales, selling 3,221 shares.
- ANDREW RAU (Chief Supply Chain Officer) has traded it 10 times. They made 0 purchases and 10 sales, selling 2,719 shares.
- SARAH K TAM (Chief Merchant Officer) has traded it 10 times. They made 0 purchases and 10 sales, selling 3,471 shares.
- SIDDHARTH THACKER (Chief Financial Officer) has traded it 10 times. They made 0 purchases and 10 sales, selling 5,184 shares.
- JENNIFER HYMAN (Chair, CEO & President) has traded it 10 times. They made 0 purchases and 10 sales, selling 21,434 shares.
- ZACHARY BENJAMIN PHILLIPS (SVP, Product) has traded it 4 times. They made 0 purchases and 4 sales, selling 1,704 shares.
- NATALIE MCGRATH (Chief Marketing Officer) has traded it 4 times. They made 0 purchases and 4 sales, selling 1,900 shares.
To track insider transactions, check out Quiver Quantitative's insider trading dashboard.
$RENT Hedge Fund Activity
We have seen 7 institutional investors add shares of $RENT stock to their portfolio, and 46 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- D. E. SHAW & CO., INC. removed 750,789 shares (-100.0%) from their portfolio in Q2 2024
- CASTLEKNIGHT MANAGEMENT LP added 141,737 shares (+1377.4%) to their portfolio in Q3 2024
- GROUP ONE TRADING, L.P. removed 58,445 shares (-99.4%) from their portfolio in Q2 2024
- STATE STREET CORP removed 51,899 shares (-100.0%) from their portfolio in Q2 2024
- OSAIC HOLDINGS, INC. removed 37,555 shares (-100.0%) from their portfolio in Q2 2024
- MILLENNIUM MANAGEMENT LLC removed 33,249 shares (-56.8%) from their portfolio in Q3 2024
- GSA CAPITAL PARTNERS LLP added 27,009 shares (+inf%) to their portfolio in Q3 2024
To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard.
Full Release
NEW YORK, Nov. 18, 2024 (GLOBE NEWSWIRE) -- Rent the Runway, Inc. (“Rent the Runway”) (Nasdaq: RENT) announced today that it expects to release its third quarter 2024 financial results for the quarter ended October 31, 2024 on Monday, December 9, 2024, before market open. Rent the Runway will host a conference call and live webcast with the investment community at 8:30 a.m. Eastern Time that same day to discuss its results and to provide a business update.
The financial results and live webcast, including presentation materials, will be accessible through the Investor Relations section of Rent the Runway’s website at https://investors.renttherunway.com/ under the “Events” section. To access the call through a conference line, dial 1-877-407-3982 (in the U.S.) or 1-201-493-6780 (international callers).
A replay of the conference call will be posted shortly after the call and will be available for at least fourteen days. To access the replay, dial 1-844-512-2921 (in the U.S.) or 1-412-317-6671 (international callers). The access code for the replay is 13750012.
About Rent the Runway
Founded in 2009, Rent the Runway is disrupting the trillion-dollar fashion industry and changing the way women get dressed through the Closet in the Cloud. RTR’s mission has remained the same since its founding: powering women to feel their best every day. Through RTR, customers can subscribe, rent items a-la-carte and shop resale from hundreds of designer brands. The Closet in the Cloud offers a wide assortment of millions of items for every occasion, from evening wear and accessories to ready-to-wear, workwear, denim, casual, maternity, outerwear, blouses, knitwear, loungewear, jewelry, handbags, activewear and ski wear. RTR has built a two-sided discovery engine, which connects deeply engaged customers and differentiated brand partners on a powerful platform built around its brand, data, logistics and technology. Under CEO and Co-Founder Jennifer Hyman’s leadership, RTR has been named to CNBC’s “Disruptor 50” five times in ten years, and has been placed on Fast Company’s Most Innovative Companies list four times, while Hyman herself has been named to the “TIME 100: Most Influential People in the World" and as one of People Magazine’s “Women Changing the World."
Contacts
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Investor Relations
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