Rent the Runway makes it work

Rent the Runway Rent the Runway jumped as much as 141% today after management projected the company to hit breakeven free cash flow in 2024 in yesterday's earnings call .

While investors are excited about the prospect of the business turning profitable, the fashion company still has a long way to go to reach its IPO heights.

Rent the Runway went public in October 2021 at a $1B+ valuation during the IPO frenzy, but even after today's move, the stock is still down 95%.

Rent the Runway stock jumps on optimistic 2024 outlook

Rent the Runway went public in October 2021 at a $1B+ valuation during the IPO frenzy, but even after today's move, the stock is still down 95%.