secwatch.observer — SEC 8-K summary
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Issuer:     Warby Parker Inc. (WRBY)
CIK:        0001504776
Form:       8-K
Filed at:   2024-05-09T23:59:59+00:00
Accession:  0001504776-24-000009
Event type: earnings
Sentiment:  positive
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1504776/000150477624000009/0001504776-24-000009-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1504776/000150477624000009/wrby-20240509.htm
  HTML page:      https://secwatch.observer/filing/0001504776-24-000009

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer