Warby Parker's Q1 revenue increased 16.3% to $200m, leading to a 75% reduction in net losses and 26% growth in adjusted EBITDA.
Warby Parker's stock rose 14.6% after the eyewear company reported better-than-expected Q1 earnings with revenue increasing 16.3% to $200m, marking its fastest revenue growth since 2021. The brand's net losses reduced by 75% to $2.7m, while its adjusted EBITDA grew by 26% to $22m. Warby Parker's active customer base increased by 3.2% in Q1, and the company plans to open 40 new stores in 2024.
May 09, 2024
7 Articles