Warby Parker Inc Stock Price, News & Analysis

Warby Parker (NYSE: WRBY) announced that its financial results for the first quarter ending March 31, 2023, will be released before the market opens on May 9, 2023.

The Company will host a live conference call to discuss these results and its business outlook at 8:00 a.m. ET. Investors can access the call by dialing 833-470-1428 (U.S.) or 404-975-4839 (international) with the passcode 104220.

A webcast will also be available on the Company’s investor website, along with presentation materials and a replay following the call.

Founded in 2010, Warby Parker aims to provide affordable vision solutions and has distributed over 13 million glasses through its Buy a Pair, Give a Pair program.

Warby Parker Inc. (NYSE: WRBY) released its 2022 Impact Report, illustrating its commitment to corporate responsibility. The report emphasizes significant initiatives, including the distribution of over 13 million pairs of glasses globally via its Buy a Pair, Give a Pair program, which has been active since 2010. This program addresses the need for accessible vision care, with approximately one billion people lacking glasses worldwide.

Additionally, the company initiated a partnership with Eastman Chemical to recycle 20,000 pounds of single-use plastic in its first year. Warby Parker also expanded its Pupils Project, helping over 50,000 schoolchildren see clearly by providing free vision services in various U.S. cities.

The report aligns its efforts with the Global Reporting Initiative and the United Nations’ Sustainable Development Goals.

Warby Parker reported a 10.6% increase in net revenue for 2022, totaling $598.1 million, driven by a growing customer base and expanded services. Active customers rose by 3.6% to 2.28 million, and average revenue per customer increased by 6.9% to $263.

The company achieved a Q4 adjusted EBITDA of $8.6 million, up significantly from the previous year. However, a GAAP net loss of $20.3 million was reported, although it marked an improvement from the prior year's loss.

Looking ahead, Warby Parker anticipates a 2023 revenue guidance of $645 to $660 million, with plans to open 40 new stores.

Warby Parker (NYSE: WRBY) has announced that it will release its financial results for the fourth quarter and full year ended December 31, 2022, before market open on February 28, 2023. A live conference call and webcast will follow at 8:00 a.m. Eastern Time, accessible via phone or online. The company, founded in 2010, focuses on providing affordable vision solutions, including prescription glasses and contacts. Warby Parker operates over 190 retail stores across the U.S. and Canada and is committed to giving back through its Buy a Pair, Give a Pair program, distributing over 10 million glasses to those in need.

Warby Parker Inc. (NYSE: WRBY) will present at the Morgan Stanley Global Consumer & Retail Conference on December 6, 2022, at 4:00 p.m. ET. The presentation will be available via webcast, with an archive accessible for 90 days post-event. Founded in 2010, Warby Parker aims to provide affordable vision solutions and has distributed over 10 million glasses through its Buy a Pair, Give a Pair program. Their products include designer-quality prescription glasses starting at $95, offered online and in over 190 U.S. and Canadian retail stores.

Warby Parker reported Q3 2022 revenue growth of 8.3% to $148.8 million with active customers increasing 5.1% to 2.26 million. The company opened 13 new stores, reaching a total of 190 locations. Despite a net loss of $23.8 million, adjusted EBITDA improved to $11.9 million, reflecting a 400 basis points increase from Q2 2022. The outlook for 2022 sees net revenue projected at $590 to $596 million and plans for 40 new store openings by year-end.