Warby Parker Inc. (NYSE: WRBY), a leading eyewear retailer that sells prescription glasses and accessories, has reported higher revenues for the first quarter of 2024.
- First-quarter net revenue increased 16.3% year-over-year to $200.0 million, compared to the prior year period
- Average revenue per customer increased 9.6% to $296; active customers increased 3.2% to 2.36 million
- The company reported a net loss of $2.7 million for the March quarter, compared to a loss of $10.8 million last year
- On a per-share basis, the first-quarter net loss was $0.02, compared to a loss of $0.09 a year earlier
- Gross margin increased 1.6 points annually to 56.7% during the three months
- EBITDA, on an adjusted basis, was $22.4 million in Q1; adjusted EBITDA margin came in at 11.2%
- The company generated $19.9 million of operating cash flow in Q1; free cash flow was $5.5 million
- During the first quarter, Warby opened eight net new stores and ended the period with 245 stores
Listen to the conference calls as they happen. Don't miss a beat! With AlphaStreet Intelligence, you can listen to live calls and interviews as they happen, so you never have to worry about missing out on important information.
Most Popular
MS Earnings: Morgan Stanley Q1 2025 revenue and earnings beat estimates
Morgan Stanley (NYSE: MS) on Friday reported higher revenues and net profit for the first quarter of 2025. The latest numbers also exceeded analysts’ estimates. The company reported net revenues
WFC Earnings: Key quarterly highlights from Wells Fargo’s Q1 2025 financial results
Wells Fargo & Company (NYSE: WFC) reported its first quarter 2025 earnings results today. Total revenue decreased 3% year-over-year to $20.15 billion. Net income grew 6% to $4.89 billion and
JPM Earnings: All you need to know about JPMorgan’s Q1 2025 earnings results
JPMorgan Chase & Co. (NYSE: JPM) reported its first quarter 2025 earnings results today. Reported net revenue increased 8% year-over-year to $45.3 billion. Managed net revenue was $46 billion, also
