See more : SWK Holdings Corporation (SWKH) Income Statement Analysis – Financial Results
Complete financial analysis of Warby Parker Inc. (WRBY) income statement, including revenue, profit margins, EPS and key performance metrics. Get detailed insights into the financial performance of Warby Parker Inc., a leading company in the Medical – Instruments & Supplies industry within the Healthcare sector.
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Warby Parker Inc. (WRBY)
About Warby Parker Inc.
Warby Parker Inc. provides eyewear products. It offers eyeglasses, sunglasses, light-responsive lenses, blue-light-filtering lenses, and contact lenses, as well as accessories, including cases, lenses kit with anti-fog spray, pouches, and anti-fog lens spray. The company also offers eye exams and vision tests directly to consumers through its retail stores, website, and mobile apps. As of May 16, 2022, it had 160 retail stores in the United States and Canada. The company was formerly known as JAND, Inc. and changed its name to Warby Parker Inc. in June 2021. Warby Parker Inc. was incorporated in 2009 and is headquartered in New York, New York.
| Metric | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|
| Revenue | 669.77M | 598.11M | 540.80M | 393.72M | 370.46M |
| Cost of Revenue | 304.54M | 257.05M | 223.05M | 161.78M | 147.36M |
| Gross Profit | 365.22M | 341.06M | 317.75M | 231.94M | 223.11M |
| Gross Profit Ratio | 54.53% | 57.02% | 58.76% | 58.91% | 60.22% |
| Research & Development | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| General & Administrative | 345.47M | 375.37M | 374.41M | 229.07M | 181.47M |
| Selling & Marketing | 76.10M | 76.90M | 87.00M | 58.50M | 43.30M |
| SG&A | 437.22M | 452.27M | 461.41M | 287.57M | 224.77M |
| Other Expenses | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Operating Expenses | 437.22M | 452.27M | 461.41M | 287.57M | 224.77M |
| Cost & Expenses | 741.76M | 709.32M | 684.46M | 449.35M | 372.13M |
| Interest Income | 0.00 | 1.31M | 347.00K | 97.00K | 1.94M |
| Interest Expense | 0.00 | 0.00 | 347.00K | 97.00K | 0.00 |
| Depreciation & Amortization | 38.55M | 31.86M | 21.96M | 18.38M | 14.52M |
| EBITDA | -33.44M | -78.03M | -121.70M | -37.26M | 12.85M |
| EBITDA Ratio | -4.99% | -13.26% | -22.52% | -9.46% | 3.47% |
| Operating Income | -72.00M | -111.20M | -143.66M | -55.63M | -1.66M |
| Operating Income Ratio | -10.75% | -18.59% | -26.56% | -14.13% | -0.45% |
| Total Other Income/Expenses | 9.23M | 1.31M | -347.00K | -97.00K | 1.94M |
| Income Before Tax | -62.76M | -109.90M | -144.01M | -55.73M | 276.00K |
| Income Before Tax Ratio | -9.37% | -18.37% | -26.63% | -14.15% | 0.07% |
| Income Tax Expense | 433.00K | 497.00K | 263.00K | 190.00K | 276.00K |
| Net Income | -63.20M | -110.39M | -144.27M | -55.92M | -57.54M |
| Net Income Ratio | -9.44% | -18.46% | -26.68% | -14.20% | -15.53% |
| EPS | -0.54 | -0.96 | -1.27 | -0.50 | -0.52 |
| EPS Diluted | -0.54 | -0.96 | -1.27 | -0.50 | -0.52 |
| Weighted Avg Shares Out | 117.39M | 114.94M | 113.62M | 111.39M | 111.39M |
| Weighted Avg Shares Out (Dil) | 117.39M | 114.94M | 113.62M | 111.39M | 111.39M |
Warby Parker Announces Participation in the Morgan Stanley Global Consumer & Retail Conference
NEW YORK--(BUSINESS WIRE)--Warby Parker Inc. (NYSE: WRBY) (the “Company”), a direct-to-consumer lifestyle brand focused on vision for all, today announced that the Company will be presenting at the Morgan Stanley Global Consumer & Retail Conference on Tuesday, December 3, 2024...
Warby Parker's Operating Leverage Is Too Slow
Warby Parker continued rapid growth in Q3, suggesting a continued runway of retail network expansion. The growth is coupled with an insufficient margin level despite normalizing SBC, and operating leverage is coming in quite slowly. The market has valued the...
Warby Parker Inc. (WRBY) Q3 2024 Earnings Call Transcript
Warby Parker Inc. (NYSE:WRBY ) Q3 2024 Earnings Conference Call November 7, 2024 8:00 AM ET Company Participants Jaclyn Berkley - Head of Investor Relations Neil Blumenthal - Co-Founders & Co-CEOs Dave Gilboa - Co-Founders & Co-CEOs Steve Miller -...
Compared to Estimates, Warby Parker (WRBY) Q3 Earnings: A Look at Key Metrics
The headline numbers for Warby Parker (WRBY) give insight into how the company performed in the quarter ended September 2024, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.
Warby Parker Inc. (WRBY) Q3 Earnings Match Estimates
Warby Parker Inc. (WRBY) came out with quarterly earnings of $0.05 per share, in line with the Zacks Consensus Estimate. This compares to earnings of $0.01 per share a year ago.
Warby Parker Announces Third Quarter 2024 Results
NEW YORK--(BUSINESS WIRE)--Warby Parker Inc. (NYSE: WRBY) (“Warby Parker” or the “Company”), a direct-to-consumer lifestyle brand focused on vision for all, today announced financial results for the third quarter ended September 30, 2024. “Warby Parker's Q3 performance is a direct...
Warby Parker Shines, Canada Goose Slips: Goldman Sachs Adjusts Ratings On Apparel Sector Giants
Goldman Sachs analyst Brooke Roach revised ratings on Warby Parker Inc. WRBY and Canada Goose Holdings Inc. GOOS ahead of third-quarter earnings.
Warby Parker Stock Upgraded, Could Squeeze Short Sellers
Eyewear stock Warby Parker Inc (NYSE:WRBY) is on the rise today, after an upgrade from Goldman Sachs to "buy" from "neutral," with a price-target hike to $18 from $15.
Warby Parker to Announce Third Quarter 2024 Financial Results November 7, 2024
NEW YORK--(BUSINESS WIRE)--Warby Parker Inc. (NYSE: WRBY) (the “Company”), a direct-to-consumer lifestyle brand focused on vision for all, today announced that its financial results for the third quarter ended September 30, 2024 will be released before market open on November...
Warby Parker: Is it a better stock than EssilorLuxottica?
Warby Parker (WRBY) stock price has underperformed the market since going public through a direct listing in September 2021. It has barely moved since 2022, and it remains 73% below its highest level on record.
Source: https://incomestatements.info
Category: Stock Reports
What are the key drivers of Warby Parker’s revenue growth?
Expanding retail presence with successful store openings. Growing active customer base and increasing average revenue per customer. Innovative direct-to-consumer business model.
What are Warby Parker’s full-year revenue and adjusted EBITDA targets?
For the full year 2024, Warby Parker is raising its guidance as follows: Net revenue of $765 to $768 million, representing growth of approximately 14% to 15% versus full year 2023. Adjusted EBITDA ( 1 ) of approximately $73 million at the midpoint of our revenue range, based on an Adjusted EBITDA Margin ( 1 ) of 9.5%.
How has Warby Parker’s customer base and average revenue per customer evolved?
The company’s active customer base grew 5.6% from the year-ago period to 2.43 million, while average revenue per customer increased 7.5% to $305.