Rent the Runway Stock

Rent the Runway, the high-end clothing rental operation that went public earlier this year, posted a wider-than-expected third quarter loss of $6.72 per share.

Rent the Runway is still losing money, but CEO Jenn Hyman hopes to sell investors on her strategy to turn a profit — eventually.

Rent the Runway is more than 10 years old now and has raised upwards of $500 million, recently filing to IPO at a valuation north of $1 billion. Jenny Fleiss is a co-founder at Rent the Runway and sits on the board of several notable companies, including Shutterfly, Party City and, of course, Rent …