Rent the Runway, Inc. (NASDAQ:RENT) Q3 2023 Earnings Conference Call December 5, 2023 4:30 PM ET
Company Participants
Cara Schembri - General Counsel
Jennifer Hyman - Co-Founder and CEO
Sid Thacker - Chief Financial Officer
Conference Call Participants
Dana Telsey - Telsey Advisory Group
Eric Sheridan - Goldman Sachs
Juliana Duque - Wells Fargo
Nathan Feather - Morgan Stanley
Andrew Boone - JMP Security
Ross Sandler - Barclays
Operator
Welcome to Rent the Runway’s Third Quarter 2023 Earnings Results Conference Call. At this time, all participants are in a listen-only mode. A question-and-answer session will follow the formal presentation. [Operator Instructions]
As a reminder, this conference is being recorded. I would now like to turn the call over to Rent the Runway’s General Counsel, Cara Schembri. Thank you. You may begin.
Cara Schembri
Good afternoon, everyone. And thanks for joining us to discuss Rent the Runway’s third quarter 2023 results. Joining me today to discuss our results for the quarter ended October 31, 2023 are CEO and Co-Founder, Jennifer Hyman; and CFO, Sid Thacker. During this call, we will make references to our Q3 2023 earnings presentation, which can be found in the Events and Presentations section of our Investor Relations website.
Before we begin, we would like to remind you that this call will include forward-looking statements. These statements include our future expectations regarding financial results, guidance and targets, market opportunities, and our growth.
These statements are subject to various risks, uncertainties and assumptions that could cause our actual results to differ materially. These risks, uncertainties, and assumptions are detailed in this afternoon’s press release, as well as our filings with the SEC, including our Form 10-Q that will be filed within the next few days. We undertake no obligation to revise or update any forward-looking statements or information except as required by law.
During this call, we will also reference certain non-GAAP financial information. The presentation of this non-GAAP financial information is not intended to be considered in isolation or as a substitute for financial information presented in accordance with GAAP. Reconciliations of GAAP to non-GAAP measures can be found in our press release, slide presentation posted to our Investor website and in our SEC filings.
And with that, I’ll turn it over to Jen.
Jennifer Hyman
Hi, everyone, and thanks for joining. With a sub-dollar stock price and very little support from the public markets, my goal this evening is to address the elephants in the room when it comes to Rent the Runway. With transparency and convey that we believe that we have reached a positive, important turning point where our business can hopefully start to be evaluated on its strong business model and the vast opportunity ahead of us, as opposed to our challenged balance sheet.