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  "documentTitle": "Rent The Runway | Investor Presentation Deck | 17 slides",
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  "authorName": "Rent the Runway",
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  "presentationDate": "2023-03-01 00:00:00",
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  "notes": "The slide uses a three-column layout to summarize operational efficiency gains since 2019.",
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      "text": "With this financial foundation, we believe GROWTH leads us to FCF profitability",
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      "text": "Lower Upfront Inventory Spend: 50% lower upfront inventory cash outlay since 2019 to produce higher revenue",
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      "text": "Gross Margin Transformation: Fulfillment % of Revenue down 16pts since 2019; Gross Margin doubled to 41% since 2019",
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      "text": "1 Q3 2022 Fulfillment Cost as % of Revenue compared to 2019 Fulfillment Cost as % of Revenue. 2 Q3 2022 Gross Margin compared to 2019 Gross Margin. 3 As compared to Q2 2022 fixed cost run-rate, as a result of September 2022 restructuring. 4 Upfront inventory spend reduced from $118M in FY19 to target of ~$60M in FY22.",
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      "text": "Our Financial Progress Over The Last Few Years Enables Us To Invest Into Delivering Significantly More Value To The Consumer",
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