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  "documentTitle": "Rent The Runway | Results Presentation Deck | 33 slides",
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  "authorName": "Rent The Runway",
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  "presentationDate": "2024-07-01 00:00:00",
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  "notes": "The chart is a classic waterfall bridge showing the transition from a negative starting point to a zero-sum breakeven point.",
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      "text": "Projected Free Cash Flow Bridge FY23 vs. FY24",
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      "kind": "disclaimer",
      "text": "*Exact figures are illustrative and not to scale. Note: Free cash flow defined as net cash (used in) provided by operating activities plus net cash (used in) provided by investing activities.",
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      "text": "We anticipate reaching FCF breakeven based on a wide range of revenue growth strategies. Our cost base has reduced significantly as a result of the recent restructuring and continued fulfillment and transportation efficiencies. Our planned inventory spend is dramatically lower than FY23 due to the right sized depth strategy. Cash interest on credit facility reduced to zero until Q2 2025",
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