Rent the Runway Q4 Outlook: Expects Revenue Of $74.4M-$80.3M Vs. $78.20M Est.; For FY24 Expects Revenue Growth Of 2%-4% YoY

Benzinga12-09

Outlook

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

Revenue of between $74.4 million and $80.3 million
Adjusted EBITDA of between $16.1 million and $20.1 million

For fiscal year 2024, Rent the Runway expects:

Revenue growth of between 2% to 4% versus fiscal year 2023
Adjusted EBITDA Margin of 15% to 16%
Free Cash Flow Breakeven on a full year basis

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