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
CCL Earnings: Carnival Corp. Q4 2024 revenue rises 10%
Carnival Corporation & plc. (NYSE: CCL) Friday reported strong revenue growth for the fourth quarter of 2024. The cruise line operator reported a profit for Q4, compared to a loss
Key metrics from Nike’s (NKE) Q2 2025 earnings results
NIKE, Inc. (NYSE: NKE) reported total revenues of $12.4 billion for the second quarter of 2025, down 8% on a reported basis and down 9% on a currency-neutral basis. Net
FDX Earnings: FedEx Q2 2025 adjusted profit increases; revenue dips
Cargo giant FedEx Corporation (NYSE: FDX), which completed an organizational restructuring recently, announced financial results for the second quarter of 2025. Second-quarter earnings, excluding one-off items, were $4.05 per share,
