Warby Parker Q4 revenue +17.8% to $191M; FY2024 revenue $771M (+15.2%); guides FY2025 $878-893M

Warby Parker Inc.

2024-FY EPS reported -$0.17 revenue$771,315,000

Q4 net revenue $190.6M (+17.8% YoY); gross margin 54.1% vs 53.8%; GAAP net loss improved $12.2M to $6.9M.
FY2024 net revenue $771.3M (+15.2%); active customers 2.51M (+7.8%); ARPU $307 (+6.8%).
FY2024 Adjusted EBITDA $73.1M (9.5% margin, +1.7 pts); GAAP net loss $20.4M improved $42.8M YoY.
Partnership with Target for five Warby Parker shop-in-shops in 2025; total 45 new stores planned.
FY2025 guidance: net revenue $878-$893M (14-16% growth); Adjusted EBITDA ~$97M (11% margin).

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