NYSE$WRBY
Warby Parker Inc · Q3 2022 earnings
Q3 2022 earnings · · Investor relations
Briefing
Revenue increased, active customers grew, and the company opened new stores.
Warby Parker reported an 8.3% increase in revenue to $148.8 million and a 5.1% increase in active customers to 2.26 million. The company opened 13 new stores, bringing the total to 190. Despite macroeconomic headwinds, Warby Parker is well-positioned to grow market share and achieve its financial goals.
- Net revenue increased by 8.3% to $148.8 million compared to Q3 2021.
- Active Customers increased 5.1% year over year to 2.26 million.
- Average Revenue per Customer increased 6.8% year over year to $258.
- Opened 13 new stores during the quarter, ending the quarter with 190 stores.
Headline financials
Revenue & EPS history
Warby Parker · Revenue · Quarterly
$149M
Forward guidance
Warby Parker is revising its outlook for the full year 2022, projecting net revenue of $590 to $596 million, representing growth of 9.1% to 10.2% versus full year 2021. Adjusted EBITDA is expected to be approximately $25 to $27 million, with an Adjusted EBITDA margin of approximately 4.2% to 4.5%. The company plans to open 40 new stores, bringing the total projected store count at year-end to 200.
Tailwinds
- Net revenue of $590 to $596 million, representing growth of 9.1% to 10.2% versus full year 2021.
- Adjusted EBITDA of approximately $25 to $27 million.
- Adjusted EBITDA margin of approximately 4.2% to 4.5%.
- 40 new store openings.
- Total projected store count at year-end to 200.
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 2022
+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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