NYSE$WRBY
Warby Parker Inc · Q2 2024 earnings
Q2 2024 earnings · · Investor relations
Briefing
Warby Parker's Q2 2024 earnings were announced, with revenue increasing and the company raising its full-year outlook.
Warby Parker reported a 13.3% increase in net revenue to $188.2 million for Q2 2024. The company raised its full-year outlook, driven by active customer growth and increased average revenue per customer. They also opened 11 net new stores, ending the quarter with 256 stores.
- Net revenue increased by 13.3% year-over-year to $188.2 million.
- Gross margin increased by 1.4 points to 56.0%.
- GAAP net loss improved to $6.8 million.
- Opened 11 net new stores, bringing the total to 256 stores.
Headline financials
Revenue & EPS history
Warby Parker · Revenue · Quarterly
$188M
Forward guidance
Warby Parker is raising its guidance for the full year 2024.
Tailwinds
- Net revenue of $757 to $762 million, representing growth of approximately 13% to 14% versus full year 2023.
- Adjusted EBITDA of $72.5 million at the midpoint of our revenue range, which equates to an Adjusted EBITDA Margin of 9.5%.
- On track to open 40 new stores this year.
- Demonstrates ability to deliver on growth.
- Demonstrates ability to deliver incremental profitability.
Headwinds
- Based on management's expectations as of the date of the press release, which are subject to change.
- Subject to risks and uncertainties.
- Guidance is forward-looking.
- May not achieve profitability.
- Growth in e-commerce channel may not be achieved.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q2 2024
+4.7%
Avg return
Earnings day
+7.9%
Avg return
5 days after
-1.7%
Avg return
30 days after
70%
16 / 23 earnings
Positive
+24.9%
Q3 2022
Best reaction
-29.0%
Q3 2023
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | +23.1% | +21.5% | +3.1% | |
| Q4 2025 | +17.2% | +26.2% | -6.6% | |
| Q3 2025 | -11.1% | -8.8% | -1.5% | |
| Q1 2025 | +3.0% | +14.4% | +33.5% | |
| Q4 2024 | +2.3% | -2.3% | -21.4% | |
| Q3 2024 | +2.8% | +11.9% | +25.4% | |
| Q2 2024 | -6.4% | -7.5% | -6.8% | |
| Q1 2024 | +18.9% | +25.2% | +33.7% | |
| Q4 2023 | -15.5% | -17.0% | -9.5% | |
| Q3 2023 | -29.0% | -26.9% | -25.3% | |
| Q2 2023 | -6.3% | -11.3% | -17.2% | |
| Q1 2023 | -4.3% | -6.5% | -0.7% | |
| Q4 2022 | -6.2% | -4.5% | -20.5% | |
| Q3 2022 | +24.9% | +42.1% | +24.7% | |
| Q2 2022 | +21.4% | +26.4% | +12.6% | |
| Q1 2022 | +0.2% | -8.7% | -19.5% | |
| Q4 2019 | +10.1% | +22.6% | +1.7% | |
| Q2 2021 | +10.1% | +22.6% | +1.7% | |
| Q4 2021 | +15.8% | +17.5% | +5.1% | |
| Q3 2020 | +9.5% | +11.2% | -12.9% | |
| Q1 2021 | +9.5% | +11.2% | -12.9% | |
| Q3 2021 | +9.5% | +11.2% | -12.9% | |
| Q4 2020 | +9.5% | +11.2% | -12.9% | |
| Q2 2020 | — | — | — | |
| Q1 2020 | — | — | — |
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