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Jun 30, 2022
Warby Parker Q2 2022 Earnings Report
Warby Parker's Q2 2022 performance was marked by revenue growth and strategic advancements.
Key Takeaways
Warby Parker reported a 13.7% increase in revenue to $149.6 million and an 8.7% increase in active customers to 2.26 million. The company opened 9 new stores, ending the quarter with 178 stores. However, the company experienced a GAAP net loss of $32.2 million.
Net revenue increased by 13.7% to $149.6 million compared to Q2 2021.
Active customers increased by 8.7% year over year, reaching 2.26 million.
Average revenue per customer increased by 8.2% year over year to $254.
The company opened 9 new stores during the quarter, totaling 178 stores.
Warby Parker
Warby Parker
Forward Guidance
Warby Parker is revising its outlook for the full year 2022.
Positive Outlook
- Net revenue of $584 to $595 million, representing growth of 8% to 10% versus full year 2021.
- Opening 40 new stores bringing total store count to 201.
Challenges Ahead
- Adjusted EBITDA margin of approximately 3.8% to 4.4%, or Adjusted EBITDA of approximately $22 to $26 million, which includes an estimated impact of approximately $7.5 million related to the disruption caused by Omicron to the start of the year.