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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 |
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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.