Warby Parker Q3 revenue up 14.2% to $169.8M; raises FY 2023 guidance

Warby Parker Inc.

2023-Q3 EPS reported -$0.38 revenue$507,910,000

Net revenue $169.8M (+14.2% YoY); GAAP net loss $17.4M, improved $6.4M YoY.
Adjusted EBITDA $11.0M (6.5% margin), down $0.9M YoY; raised FY revenue outlook to $666-669M.
Average Revenue per Customer $284 (+10%); Active Customers 2.30M (+1.8%).
Opened 11 new stores in Q3 (227 total); on track for 40 new stores in 2023.
Over 15M glasses distributed through Buy a Pair, Give a Pair program.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.96

Warby Parker Inc. reported third quarter ended September 30, 2023 results: revenue $169.8 million, net income GAAP net loss of $17.4 million. Guidance raised.

Period: third quarter ended September 30, 2023
Revenue: $169.8 million
Net income: GAAP net loss of $17.4 million
Guidance: raised
Result: reported results

Exact text from the filing

Net revenue increased $21.1 million, or 14.2%, to $169.8 million.

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Source: SEC EDGAR

accession 0001504776-23-000022

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