secwatch.observer — SEC 8-K summary
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Issuer:     Warby Parker Inc. (WRBY)
CIK:        0001504776
Form:       8-K
Filed at:   2022-05-16T23:59:59+00:00
Accession:  0001504776-22-000012
Event type: earnings
Sentiment:  neutral
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Warby Parker Q1 revenue up 10.3% to $153.2M; net loss widens to $34.1M
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- Revenue $153.2M (+10.3% YoY); active customers 2.23M (+18%); average revenue per customer $249 (+11.2%).
- GAAP net loss $34.1M vs $3.0M loss in Q1 2021; adjusted EBITDA $0.8M (0.5% margin) vs $9.3M (6.7% margin) YoY.
- Gross margin 58.5% vs 60.3% due to higher contact lens penetration; Omicron impact estimated at $15M lost sales.
- Opened 8 stores in Q1, ending with 169; FY2022 guidance reaffirmed: revenue $650-660M, adj. EBITDA margin 5.6-6.6%.
- SG&A rose $42.6M to $123.4M, driven by $25.9M increase in stock-based compensation and related taxes.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1504776/000150477622000012/0001504776-22-000012-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1504776/000150477622000012/wrby-20220516.htm
  HTML page:      https://secwatch.observer/filing/0001504776-22-000012

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