earnings
confidence high
sentiment neutral
materiality 0.65
Warby Parker Q3 revenue $148.8M (+8.3% YoY); net loss $23.8M; Adj. EBITDA $11.9M
Warby Parker Inc.
2022-Q3 EPS reported
-$0.79
revenue$451,619,000
- Revenue $148.8M (+8.3% YoY); active customers 2.26M (+5.1% YoY); avg revenue per customer $258 (+6.8% YoY).
- GAAP net loss $23.8M, improved from $91M loss in Q3 2021; SG&A down $63.6M due to lower stock comp.
- Adjusted EBITDA $11.9M (8.0% margin); margin up 400 bps sequentially from Q2 2022.
- Contact lens revenue grew nearly 50% YoY; opened 13 new stores, total 190.
- Full year 2022 guidance: net revenue $590-596M, Adj. EBITDA $25-27M, 40 new stores.