NYSE$WRBY
Warby Parker Inc · Q4 2023 earnings
Q4 2023 earnings · · Investor relations
Briefing
Warby Parker's Q4 performance improved with revenue increase and strategic expansions.
Warby Parker reported a 10.5% increase in net revenue for Q4 2023, reaching $161.9 million. The company focused on sustainable growth, margin improvement, and customer experience. They expanded their retail presence and nearly doubled insured lives with in-network vision benefits.
- Net revenue increased by 10.5% to $161.9 million.
- Average revenue per customer increased by 9.3% to $287.
- Gross profit increased by 8.0% to $87.1 million.
- GAAP net loss improved to $19.0 million.
Headline financials
Revenue & EPS history
Warby Parker · Revenue · Quarterly
$162M
Forward guidance
For the full year 2024, Warby Parker expects net revenue of $748 to $758 million and adjusted EBITDA of $67 million, with plans to open 40 new stores.
Tailwinds
- Net revenue of $748 to $758 million, representing approximately 12% to 13% growth versus full year 2023.
- Adjusted EBITDA of $67 million at the midpoint of our revenue range, which equates to an adjusted EBITDA margin of 8.9%.
- 40 new store openings.
- Strong topline and bottomline results.
- Disciplined cost management.
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 Q4 2023
+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 | — | — | — |
Discussion
Share your read of this quarter. Sign-in carries your eToro identity.
Join the conversation
Sign in with eToro to post your read of this quarter and vote on others'.
Sign in with eToro