Rent the Runway (RENT) Q1 2026 Earnings Transcript

Motley Fool Transcribing, The Motley Fool

Thu, June 4, 2026 astatine 9:35 AM CDT 17 min read

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Date

Wednesday, June 3, 2026 astatine 8:30 a.m. ET

Call participants

• Interim CEO and President — Teri Bariquit

• Chief Financial Officer — Sid Thacker

Full Conference Call Transcript

Teri Bariquit: Thank you, Cara, and convey you each for joining today. I privation to instrumentality a infinitesimal to admit what a meaningful and afloat fewer weeks it's been astatine Rent the Runway. As galore of you know, Jennifer Hyman, our Co-Founder and semipermanent CEO, stepped down from her relation successful mid-May aft 18 years starring the company. I privation to convey Jen connected behalf of the Board, our squad and everyone connected this call. Jen took a bold thought and built it into a category-defining level that has fundamentally changed however women get dressed and acquisition fashion. She volition stay an advisor to the institution done January of '27 to enactment a creaseless transition.

Stepping into the Interim CEO and President's relation astatine this infinitesimal successful Rent the Runway's communicative is genuinely an honor. For those of you I haven't had a accidental to conscionable yet, I'd similar to instrumentality a fewer minutes to present a small much astir myself. I joined Rent the Runway's Board of Directors successful October of past twelvemonth and I stepped into the Interim CEO and President relation pursuing Jen's departure connected May 15. Before joining the Board, I spent 37 years astatine Nordstrom, astir precocious arsenic Chief Merchandising Officer, wherever I led much than 1,200 radical crossed buying, planning, merchandise improvement and inventory management.

As portion of the enforcement squad astatine Nordstrom, I collaborated and worked with proviso chain, technology, finance, marketing, quality resources, legal, on with Nordstrom and Nordstrom Rack stores and online to present the champion lawsuit acquisition and offer. During my career, my enactment is centered connected 3 things: knowing however lawsuit needs are changing, gathering durable partnerships with brands, and starring the benignant of operational transformations that let a concern to germinate and grow. I program to bring each 3 of those focuses to my enactment astatine Rent the Runway. I've admired Rent the Runway for a agelong clip now. First, arsenic a retail spouse astatine Nordstrom.

Then arsenic a lawsuit who fell successful emotion with what the institution makes imaginable for women. And astir recently, arsenic a Board member, moving intimately with the afloat Board, Jen and the elder enactment team. I cognize the strategy, I cognize the squad and I person assurance successful wherever this institution is headed. I privation to underscore my condemnation successful our halfway concern strategy and successful the wellness of this business. After astir 40 years successful retail, I cognize that the instauration of immoderate large retail concern is the same: putting the lawsuit astatine the halfway of everything we do, surrounded by the close products and brands, successful the close quantities, easy recovered by the customers.