Warby Parker news and archive

Warby Parker improves Q3 net revenues by 13.3 percent

Warby Parker’s net revenue increased 22.6 million dollars or 13.3 percent to 192.4 million dollars. GAAP net loss for the quarter improved to 4.1 million dollars and adjusted EBITDA increased 6.3 million dollars to 17.3 million dollars with adjusted EBITDA margin increasing 2.5 points to 9 percent. “Warby Parker’s Q3 performance is a direct...

Business

Warby Parker's Q2 revenues improve by 13.3 percent

Warby Parker’s net revenue increased 22.1 million dollars or 13.3 percent to 188.2 million dollars, gross margin increased 1.4 points to 56 percent, GAAP net loss improved to 6.8 million dollars and adjusted EBITDA margin increased 1.9 points to 10.4 percent. The company opened 11 net new stores during the quarter under review, ending with 256...

People

Warby Parker announces two new board appointments

Warby Parker Inc. has appointed Ron Williams as lead director and Brad Singer as independent director. Singer’s appointment is effective August 1, 2024. The company said in a release that Ron Williams has served as a member of Warby Parker’s board of directors since August 2021. Before that Williams served as the chairman and CEO of Aetna Inc....

Business

Warby Parker's revenues increase by 16.3 percent

For the first quarter, Warby Parker's net revenue increased 28 million dollars or 16.3 percent to 200 million dollars. GAAP net loss for the quarter was 2.7 million dollars, gross margin increased 1.6 points to 56.7 percent, while adjusted EBITDA reached 22.4 million dollars and adjusted EBITDA margin was 11.2 percent. The company opened eight...

Business

Warby Parker posts 12 percent revenue growth in 2023

Warby Parker’s full year net revenue increased 71.7 million dollars or 12 percent to 669.8 million dollars compared to 2022. The company’s fourth quarter net revenue increased 15.4 million dollars or 10.5 percent to 161.9 million dollars. “2023 marked our second full year as a public company and one in which we executed on our commitment to...

Business

Warby Parker posts Q3 sales growth

Warby Parker Inc. net revenue increased 21.1 million dollars or 14.2 percent to 169.8 million dollars. The company said, average revenue per customer increased 10 percent to 284 dollars and active customers increased 1.8 percent to 2.30 million. “In Q3, we were proud to deliver our strongest revenue growth year-to-date at 14.2 percent. “Fueling...

Business

Eyewear start-up Warby Parker valued at 6.8 billion dollars on stock exchange debut

Warby Parker, the direct-to-consumer eyewear company, was valued at 6.8 billion dollars on the first day of public trading on the New York Stock Exchange on Wednesday. Despite having not turned a profit, its staggering valuation doubled from a year ago when it was privately funded. The shares closed at 54.49 dollars as the company remains on...

Design

American Express and J. Crew CEO invest in Warby Parker

Sunglasses start up Warby Parker has gained two new investors: American Express and the CEO of J. Crew, Millard S. Dexler, have both contributed to its latest round of financing. “We’ve tried to be very deliberate in getting people with specific expertise,” said Warby Parker's founder Neil Blumenthal in an interview with 'The Financial Times'. “...