NYSE$WRBY
Warby Parker Inc · Q3 2021 earnings
Q3 2021 earnings · · Investor relations
Briefing
Warby Parker's revenue increased and active customers grew, while the company experienced a net loss due to increased expenses.
Warby Parker reported a 32% increase in revenue to $137.4 million and a 23% increase in active customers to 2.15 million. However, the company experienced a net loss of $91.1 million primarily due to a significant increase in selling, general, and administrative expenses.
- Revenue increased by 32.0% to $137.4 million.
- Active customers increased by 23% to 2.15 million.
- Gross profit increased by 24.5% to $79.7 million.
- Net loss increased to $91.1 million due to higher SG&A expenses.
Headline financials
Revenue & EPS history
Warby Parker · Revenue · Quarterly
$137M
Forward guidance
Warby Parker expects net revenue of $539.5 million to $542.0 million and an adjusted EBITDA margin of approximately 4% to 5% for the fiscal year 2021. They also plan to open 35 new stores.
Tailwinds
- Net revenue of $539.5 million to $542.0 million, representing growth of 37% to 38% versus fiscal year 2020
- Net revenue growth of 46% versus fiscal year 2019
- Adjusted EBITDA margin of approximately 4% to 5%
- 35 new store openings
- Total store count to 161
Headwinds
- Guidance does not incorporate future unknown direct or indirect impacts from further resurgences in COVID-19, including the Delta variant.
- Risks related to managing future growth effectively.
- Potential increases in component and shipping costs and changes in supply chain.
- Ability to compete successfully.
- Ability to manage inventory balances and shrinkage.
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 Q3 2021
+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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