Rent The Runway reports Q4 EPS ($7.02), consensus ($6.53)

Reports Q4 revenue $75.8M, consensus $74.2M. “2023 was a year of significant improvements to the customer experience that we believe have set the foundation for a milestone fiscal year 2024,” said Jennifer Hyman, Co-Founder and CEO, Rent the Runway. “We launched a premium personal concierge service to style our customers, made it easier for customers to discover inventory they love, and created a more aspirational product experience. As a result, NPS today is at the highest level in several years, customers have been buying more inventory from us, and customer retention has markedly improved YOY. We believe we are well positioned to re-ignite our marketing and customer acquisition engine to drive growth and FCF breakeven in fiscal 2024.”