Key facts
- Rent the Runway appointed a new CEO.
- The company reported an increase in first-quarter sales.
- Rent the Runway reported GAAP EPS of -$0.57.
- Revenue for the period was $89.9 million.
- The company provided its second-quarter outlook.
- Full-year 2026 financial guidance was reaffirmed.
Rent the Runway has announced updates to its leadership structure, including the appointment of a new Chief Executive Officer. This leadership transition coincides with a reported increase in the company's sales for the first quarter. The company stated that these changes are integral to its ongoing efforts to foster growth and refine its strategic path forward. In addition to the leadership changes, Rent the Runway reported GAAP EPS of -$0.57 and revenue of $89.9 million. The company also provided its outlook for the second quarter and reaffirmed its financial guidance for the full year 2026.