NYSE$WRBY
Warby Parker Inc · Q3 2024 earnings
Q3 2024 earnings · · Investor relations
Briefing
Warby Parker's Q3 2024 financial results were announced, revealing a revenue increase and raised full-year outlook.
Warby Parker reported a 13.3% increase in net revenue, reaching $192.4 million, and raised its full-year outlook. The company saw growth in active customers and average revenue per customer, alongside an improvement in GAAP net loss and an increase in Adjusted EBITDA margin.
- Net revenue increased by 13.3% year over year, reaching $192.4 million.
- Active Customers increased 5.6% to 2.43 million on a trailing 12-month basis.
- GAAP net loss improved to $4.1 million.
- The company opened 13 net new stores, bringing the total to 269 stores.
Headline financials
Revenue & EPS history
Warby Parker · Revenue · Quarterly
$192M
Forward guidance
Warby Parker raised its full year 2024 guidance, anticipating net revenue between $765 to $768 million and adjusted EBITDA of approximately $73 million.
Tailwinds
- Net revenue of $765 to $768 million, representing growth of approximately 14% to 15% versus full year 2023.
- Adjusted EBITDA of approximately $73 million at the midpoint of our revenue range, based on an Adjusted EBITDA Margin of 9.5%.
- On track to open 40 new stores this year.
- Continued revenue growth
- Adjusted EBITDA margin expansion
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 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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