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...

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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...

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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....

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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...

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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...

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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...

Business

Warby Parker files IPO documents

Warby Parker Inc. has publicly filed a registration statement on Form S-1 with the Securities and Exchange Commission relating to the proposed public listing of its Class A common stock. The Form S-1 is expected to become effective after the SEC completes its review process, subject to market and other conditions. Warby Parker intends to list...

Fashion

Warby Parker confidentially files for stock market listing

Warby Parker has confidentially filed for a U.S. stock market listing. The news was reported by Reuters. Warby Parker chose an ample time to file for an IPO, as the COVID-19 pandemic accelerated consumers already shifting habits to more online shopping. Last year, the company’s valuation was 3 billion dollars after a funding round. They are now...

Business

Warby Parker sets sights on IPO

Warby Parker, maker of prescription eyewear, has plans to launch an IPO this year. The news was reported by Bloomberg. The New York-based company is discussing a potential listing with advisers after their latest round of funding. Recently, the company raised 120 million dollars in a 2020 funding round, putting its valuation at 3 billion...

Business

Warby Parker raises 245 million dollars

Optical company Warby Parker is truly in the money. The company, which has a very heavy e-commerce footprint, recently raised 245 million dollars in funding. Warby Parker's total valuation is now estimated at 3 billion dollars. The recent round of funding comes from a Series F Round, a 125 million dollars led by Durable Capital Partners in Q2 of...

Fashion

Warby Parker introduces new styles in Nesso Collection

Direct-to-consumer eyewear company Warby Parker has launched its latest collection with five new optical and sun styles. The Nesso Series, according to an announcement from the brand, features two distinct materials and an interlocking end piece that was designed specifically for the collection. The collection—which was crafted in Italy and...