Rent the Runway, Inc. operates shared designer closet in the United States. The company provides evening wear and accessories, ready-to-wear, workwear, denim, casual, maternity, outerwear, blouses, knitwear, loungewear, jewelry, handbags, activewear, and ski wear under subscription, rental, and resale offering. It also engages in the software development and support activities. Rent the Runway, Inc. was incorporated in 2009 and is headquartered in Brooklyn, New York.
Fashion Rental Pionee | Rent the Runway leads the fashion rental industry, offering a wide range of clothing and accessories while facing challenges in subscriber growth and profitability |
Financial Crossroads | Explore RENT's impressive 72.94% gross profit margins juxtaposed against significant cash burn, as the company targets free cash flow breakeven for 2024 |
Strategic Initiatives | Delve into RENT's new $95 monthly subscription plan and enhanced digital experience, aimed at expanding market reach and improving customer retention |
Market Dynamics | Learn how RENT navigates increasing competition and economic uncertainties while leveraging partnerships to boost brand visibility and attract new customer segments |
Metrics to compare | RENT | Sector Sector - Average of metrics from a broad group of related Technology sector companies | Relationship RelationshipRENTPeersSector | |
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P/E Ratio | −0.3x | −2.8x | 10.6x | |
PEG Ratio | −0.01 | −0.11 | 0.02 | |
Price/Book | −0.1x | 2.4x | 1.4x | |
Price / LTM Sales | 0.1x | 0.3x | 0.9x | |
Upside (Analyst Target) | - | 24.6% | 23.8% | |
Fair Value Upside | Unlock | 12.7% | 10.7% | Unlock |