Rent the Runway, Inc. (RENT) Q1 2026 Earnings Call

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WEBVTT 00:00:00.031 -- 00:00:06.059 Greetings and welcome to Rent the Runway's first quarter 2026 earnings call. 00:00:06.059 -- 00:00:09.403 At this time, all participants are in a listen-only mode. 00:00:09.403 -- 00:00:13.608 If anyone should require operator assistance during the conference, please press star 00:00:13.608 -- 00:00:19.155 zero on your telephone keypad. As a reminder, this conference is being recorded. 00:00:19.155 -- 00:00:24.662 I'd now like to turn the conference over to your host, Tara Schembri, General Counsel. 00:00:24.662 -- 00:00:27.014 Please go ahead. 00:00:27.014 -- 00:00:29.537 Hello, everyone, and thanks for joining us today. 00:00:29.537 -- 00:00:33.181 Before we begin, we would like to remind you that this call will include forward-looking 00:00:33.181 -- 00:00:37.406 statements. These statements include guidance and underlying assumptions for the second 00:00:37.406 -- 00:00:42.412 fiscal quarter of 2026 and the fiscal year 2026, and statements regarding 00:00:42.412 -- 00:00:46.416 the impact of our business strategies and plans, our ability to drive subscriber growth 00:00:46.416 -- 00:00:51.102 and customer loyalty in a cost-efficient manner, and our planned increases in inventory. 00:00:51.102 -- 00:00:54.485 These statements are subject to various risks, uncertainties, and assumptions that could 00:00:54.485 -- 00:00:57.845 cause our actual results to differ materially. 00:00:57.845 -- 00:01:01.348 These risks from certainties and assumptions are detailed in today's press release in 00:01:01.348 -- 00:01:06.372 our Form 10-Q. We have no obligation to update any forward-looking statements or information 00:01:06.372 -- 00:01:11.497 except as required by law. During this call, we will also reference certain non-GAAP 00:01:11.497 ...