Rent the Runway, Inc. (RENT) shares are surging more than 146 percent on Thursday morning trade after the company said it expects 2024 to be a milestone year.
The company noted that it is well positioned to re-ignite its marketing and customer acquisition engine to drive growth and FCF breakeven in fiscal 2024.
The Brooklyn-based apparel retailer reported a reduced fourth-quarter loss, compared to the prior year.
Currently, shares are at $18.33, up 146.14 percent from the previous close of $7.40 on a volume of 31,695,962.
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