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Dec 31, 2022
Warby Parker Q4 2022 Earnings Report
Reported strong Q4 results driven by commitment to growing sustainably while taking market share and delivering remarkable customer experiences.
Key Takeaways
Warby Parker reported a 10.2% increase in net revenue to $146.5 million for the fourth quarter of 2022. The company's active customers increased by 3.6% to 2.28 million, and the adjusted EBITDA increased $15.0 million to $8.6 million.
Net revenue increased 10.2% to $146.5 million.
Active Customers increased 3.6% to 2.28 million.
Gross profit increased 5.8% to $80.7 million.
GAAP net loss decreased $25.7 million to $20.3 million.
Forward Guidance
For the full year 2023, Warby Parker is providing net revenue guidance of $645 to $660 million, representing growth of 8% to 10% versus full year 2022.
Positive Outlook
- Net revenue of $645 to $660 million, representing growth of 8% to 10% versus full year 2022.
- Adjusted EBITDA of approximately $51.5 million, or adjusted EBITDA margin of approximately 7.9%.
- 40 new store openings bringing the total projected store count at year end to approximately 240.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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