Warby Parker Q1 revenue up 16.3% to $200M; raises FY2024 revenue guidance to $753-$761M

Warby Parker Inc.

2024-Q1 EPS reported -$0.02 revenue$200,003,000

Net revenue $200.0M (+16.3% YoY); GAAP net loss improved to $2.7M from $10.8M a year ago.
Adjusted EBITDA $22.4M, margin 11.2%; free cash flow $5.5M.
Active customers 2.36M (+3.2%); average revenue per customer $296 (+9.6%).
Gross margin expanded 1.6 pts to 56.7%; opened 8 net new stores during Q1, total 245.
FY2024 revenue guidance raised to $753-$761M (12.5-13.5% growth); adjusted EBITDA ~$70M at midpoint.

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Warby Parker Inc. reported the first quarter ended March 31, 2024 results: revenue $200.0 million, net income GAAP net loss of $2.7 million. Guidance raised.

Period: the first quarter ended March 31, 2024
Revenue: $200.0 million
Net income: GAAP net loss of $2.7 million
Guidance: raised
Result: reported results

Exact text from the filing

• Net revenue increased $28.0 million, or 16.3%, to $200.0 million, as compared to the prior year period. • GAAP net loss of $2.7 million.

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Source: SEC EDGAR

accession 0001504776-24-000009

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