Rent the Runway, Inc. (RENT) Earnings Call Transcripts

Rent the Runway, Inc.'s Latest Earnings Call - Q1 FY2027

In Q1 2026, Rent the Runway, Inc. reported total revenue of $90 million, reflecting a robust year-over-year growth of nearly 30%, surpassing management's guidance of $85 million to $87 million. The company also indicated a strategic focus on diversifying revenue streams and enhancing customer engagement through AI-driven initiatives. Despite a slight decline in gross margins to 25.9%, management remains optimistic about future growth, reiterating double-digit revenue growth guidance for the fiscal year 2026.

Reported metrics

Guidance from management

Management reiterated double-digit revenue growth guidance for fiscal year 2026 and adjusted EBITDA guidance of 4% to 7% of revenue. For Q2, they expect revenue between $91 million and $95 million.

What analysts pressed on

Analysts expressed concerns regarding the deceleration in subscriber growth and the impact of macroeconomic factors on costs and consumer confidence. There were also questions about the sustainability of revenue growth in light of increased competition and market conditions.

Main topics on the call

• Leadership Transition — The departure of Co-founder and long-term CEO Jennifer Hyman has led to Teri Bariquit stepping in as Interim CEO. Bariquit emphasized her confidence in the company's strategy and health, stating, "I firmly believe that R...
• Revenue Growth — Rent the Runway achieved total revenue of $90 million, growing nearly 30% year-over-year and beating guidance. Bariquit noted, "The numbers this quarter show that our strategy is working," highlighting strong performance...
• Subscriber Growth Deceleration — Management acknowledged a deceleration in ending active subscriber growth, which increased by 5.8% year-over-year to 155,692 subscribers. CFO Sid Thacker explained that this was expected due to "tough comparisons" from t...
• AI Initiatives — The company is focusing on AI to enhance customer experience, with initiatives like personalized carousels and outfit generation. Bariquit stated, "We expect this to roll out in the coming months and believe it will mean...

Read the full Rent the Runway, Inc. transcript (Q1 FY2027) → Summary generated from the call transcript; every figure above is stated by management on the record.

Earnings Call History

EarningsCalls.dev has 20 Rent the Runway, Inc. earnings call transcripts on record, spanning December 8, 2021 to June 3, 2026. Based on this history, Rent the Runway, Inc. reports quarterly. The most recent call on file is dated June 3, 2026. The full list is below — each row opens the complete, free-to-read transcript.

Ticker

RENT

Exchange

NasdaqGM

Country

US

Sector

Consumer Discretionary

Industry

Specialty Retail

Calls on record

20

First call

December 8, 2021

Most recent

June 3, 2026

Reporting cadence

quarterly