Rent the Runway beats Q2 revenue expectations with $98 million in sales and appoints retail veteran Paige Thomas as CEO to lead the next phase of its growth strategy.
Rent the Runway reported Q2 2026 revenue of $98 million ahead of guidance, signaling operational momentum.
Rent the Runway reported Q2 2026 revenue of $98 million, exceeding guidance and signaling strong operational momentum. The company also announced the appointment of Paige Thomas as CEO, effective September 14, as it shifts focus toward core rental and resale services to drive long-term profitability.
Paige Thomas, who previously served as the company's Chief Commercial Officer and held leadership roles at Saks OFF 5TH and Nordstrom, will become CEO on September 14, 2026.
The company is concentrating resources on its core rental and resale business to improve execution, operational efficiency, and customer experience.