Warby Parker Q1 revenue up 12.2% to $172M, net loss narrows to $10.8M, EBITDA margin 10.3%

Warby Parker Inc.

2023-Q1 EPS reported -$0.09 revenue$171,968,000

Q1 net revenue $172.0M (+12.2% YoY); GAAP net loss improved to $10.8M from $34.1M.
Adjusted EBITDA $17.7M (10.3% margin) vs $0.7M (0.5%) last year; increased $17.0M.
Active Customers 2.29M (+2.5%); Average Revenue per Customer $270 (+8.4%).
Gross margin 55.1% (down from 58.5%) due to higher store costs, optometrists, and contact lens mix.
FY 2023 guidance maintained: revenue $645–$660M (8–10% growth); adj. EBITDA ~$51.5M; 40 new stores.

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.95

Warby Parker Inc. reported first quarter ended March 31, 2023 results: revenue $172.0 million, net income $10.8 million. Guidance reaffirmed.

Period: first quarter ended March 31, 2023
Revenue: $172.0 million
Net income: $10.8 million
Guidance: reaffirmed
Result: reported results

Exact text from the filing

First Quarter 2023 Year Over Year Highlights • Net revenue increased $18.8 million, or 12.2%, to $172.0 million. • GAAP net loss improved $23.3 million to $10.8 million.

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Source: SEC EDGAR

accession 0001504776-23-000010

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