secwatch.observer — SEC 8-K summary
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Issuer:     Warby Parker Inc. (WRBY)
CIK:        0001504776
Form:       8-K
Filed at:   2023-05-09T23:59:59+00:00
Accession:  0001504776-23-000010
Event type: earnings
Sentiment:  positive
Materiality: 0.65
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1504776/000150477623000010/0001504776-23-000010-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1504776/000150477623000010/wrby-20230509.htm
  HTML page:      https://secwatch.observer/filing/0001504776-23-000010

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