earnings
confidence high
sentiment positive
materiality 0.80
Warby Parker Q2 revenue +13.3% to $188.2M; net loss narrows; raises FY guidance
Warby Parker Inc.
2024-Q2 EPS reported
-$0.08
revenue$388,225,000
- Revenue $188.2M (+13.3% YoY); Active Customers up 4.5% to 2.39M; ARPU +8.8% to $302.
- Gross margin improved 1.4 pts to 56.0%; GAAP net loss narrowed to $6.8M from $16.0M.
- Adjusted EBITDA $19.6M (10.4% margin, +1.9 pts); Free Cash Flow $14.0M.
- Raised FY2024 guidance: revenue $757-762M (13-14% growth); Adj EBITDA ~$72.5M midpt.
- Opened 11 net new stores in Q2; total 256 stores; on track for 40 new stores in 2024.