Warby Parker Q3 revenue up 13.3% to $192.4M; raises FY 2024 outlook

Warby Parker Inc.

2024-Q3 EPS reported -$0.11 revenue$580,672,000

Net revenue $192.4M (+13.3% YoY); Active Customers 2.43M (+5.6%); ARPU $305 (+7.5%).
GAAP net loss improved to $4.1M from $17.4M a year ago; Adjusted EBITDA $17.3M (9.0% margin, +2.5 pts).
Opened 13 net new stores in Q3, ending with 269; on track for 40 new stores in FY 2024.
Raised FY 2024 revenue guidance to $765-768M (14-15% growth) and Adjusted EBITDA ~$73M (9.5% margin).
Free cash flow $13.1M; cash and equivalents $251.0M at quarter-end.

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