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Rent the Runway Sees Q3 Revenue $75M-$77M Vs $75.57M Est.; FY24 Revenue Growth Of 2%-6% YoY, An Increase Versus Prior Expectations Based On Stronger Business Momentum

Author: Benzinga Newsdesk | September 05, 2024 04:17pm

Outlook

For the fiscal third quarter of 2024, Rent the Runway expects:

  • Revenue of between $75 million and $77 million
  • Adjusted EBITDA Margin of 13% to 15%

For fiscal year 2024, Rent the Runway expects:

  • Revenue growth of between 2% to 6% versus fiscal year 2023, an increase versus prior expectations based on stronger business momentum
  • Adjusted EBITDA Margin of 15% to 16%
  • Free Cash Flow Breakeven on a full year basis

Please see our second quarter 2024 earnings presentation at https://investors.renttherunway.com/ under the "Presentations" section for supplemental guidance.

Posted In: RENT


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