Rent the Runway, Inc. (RENT) Q1 2025 Earnings Call

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WEBVTT 00:00:00.031 -- 00:00:05.179 2025 earnings call. At this time, all participants are in a listen-only 00:00:05.179 -- 00:00:09.787 mode. If anyone should require operator assistance, please press star zero on your telephone 00:00:09.787 -- 00:00:13.933 keypad. And as a reminder, this call is being recorded. 00:00:13.933 -- 00:00:18.841 It is now my pleasure to introduce Kara Scrimby, Chief Legal Officer. 00:00:18.841 -- 00:00:21.943 Thank you, Kara. You may begin. 00:00:22.407 -- 00:00:24.651 Hello, everyone, and thanks for joining us today. 00:00:24.651 -- 00:00:29.800 During this call, we will make references to our Q1 2025 earnings presentation, 00:00:29.800 -- 00:00:34.689 which can be found in the events and presentation section of our investor relations website. 00:00:34.689 -- 00:00:38.236 Before we begin, we would like to remind you that this call will include forward-looking 00:00:38.236 -- 00:00:42.463 statements. These statements include guidance and underlying assumptions for the second 00:00:42.463 -- 00:00:47.794 fiscal quarter of 2025 and the fiscal year 2025, and statements regarding the impact 00:00:47.794 -- 00:00:52.141 of our business strategies and plans, our ability to drive subscriber growth and customer 00:00:52.141 -- 00:00:56.728 loyalty in a cost-efficient manner, and our planned increases in inventory. 00:00:56.728 -- 00:01:00.314 These statements are subject to various risks, uncertainties, and assumptions that could 00:01:00.314 -- 00:01:03.279 cause our actual results to differ materially. 00:01:03.279 -- 00:01:06.884 These risks, uncertainties, and assumptions are detailed in today's press release, as 00:01:06.884 -- 00:01:11.652 well as our filings at the SEC, including our Form 10-Q that we plan to file in the coming 00:01:11.6...