earnings
confidence high
sentiment negative
materiality 0.70
Warby Parker Q2 revenue +13.7% to $149.6M; net loss widens to $32.2M; guidance revised
Warby Parker Inc.
2022-Q2 EPS reported
-$0.58
revenue$302,842,000
- Revenue $149.6M, +13.7% YoY; active customers 2.26M (+8.7%); average revenue per customer $254 (+8.2%).
- GAAP net loss $32.2M, up from $10.3M a year ago; adjusted EBITDA $5.9M, down $4.9M YoY; margin 4.0%.
- Gross margin 57.7%, down 160 bps due to contact lens penetration, store occupancy, and optometrist costs.
- Full-year 2022 guidance: revenue $584-595M (8-10% growth), adjusted EBITDA margin ~3.8-4.4% ($22-26M), 40 new stores.
- Cash $211.6M; contact lens revenue more than doubled; NPS 80.