earnings
confidence high
sentiment positive
materiality 0.75
Warby Parker Q4/FY2021 revenue up 37% to $540.8M; 2022 guidance 20-22% growth
Warby Parker Inc.
- FY2021 revenue $540.8M (+37.4% YoY); Q4 revenue $132.9M (+17.8% YoY), hurt by Omicron.
- Active customers 2.20M (+21.5% YoY); average revenue per customer $246 (+13.0%).
- GAAP net loss $144.3M for FY2021; adjusted EBITDA $24.9M (margin 4.6%, +270bps YoY).
- Q4 GAAP net loss $45.9M; adjusted EBITDA $(6.4)M; SG&A up on stock-based comp and marketing.
- 2022 outlook: revenue $650-660M, adj EBITDA margin 5.6-6.6%, 40 new stores.