06.06.2024 - Exceeded Revenue and Adjusted EBITDA Guidance for Q1 2024. Improved Business Momentum in Q1 2024. Record Low Quarterly Cash Consumption in Q1 2024. Reiterates Expectation for Revenue Growth and Free Cash Flow Breakeven in FY 2024. NEW YORK, .
Rent the Runway shares skyrocketed Thursday after the fashion rental company gave a strong outlook and said it was using artificial intelligence and other digital improvements to boost customer experience.