Rent the Runway Stock Soars 40% Despite Q4 Loss on Sunny 2024 Outlook and Progress in Turnaround

Rent the Runway stock jumps over 40% on optimistic 2024 outlook where they expect to break even and have positive free cash flow
2023 was a year of "significant improvements" operationally for Rent the Runway
Rent the Runway reported weaker-than-expected Q4 2022 loss per share of $7.06 vs expected $6.05 loss
Rent the Runway has rolled out new services like premium personal styling and more rental modules that are driving growth
Rent the Runway currently has the highest Net Promoter Score from customers in several years, indicating high customer satisfaction