Warby Parker Inc. (NYSE:WRBY) Q2 2024 Earnings Conference Call August 8, 2024 8:00 AM ET Company Participants Jaclyn Berkley - Head Investor Relations Dave Gilboa - Co-Founders & Co-Chief Executive Officer Neil Blumenthal - Co-Founders & Co-Chief Executive Officer Steve Miller - Senior Vice President & Chief Financial Officer Conference Call Participants Mark Altschwager - Baird Oliver Chen - TD Cowen Janine Stichter - BTIG Dylan Carden - William Blair Brooke Roach - Goldman Sachs Alex Straton - Morgan Stan ...

| --- | --- | --- | |-------|-------|-------| | | | | | | | | | | | | FORWARD-LOOKING STATEMENTS / NON-GAAP FINANCIAL MEASURES 2 .............. This presentation contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These statements may relate to, but are not limited to, expectations of future operating results or financial performance, including expectations regarding achieving pro ...

Warby Parker Inc. (WRBY) reported $188.22 million in revenue for the quarter ended June 2024, representing a year-over-year increase of 13.3%. EPS of $0.06 for the same period compares to $0.04 a year ago. The reported revenue represents a surprise of +0.71% over the Zacks Consensus Estimate of $186.89 million. With the consensus EPS estimate being $0.05, the EPS surprise was +20.00%. While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to ...

Warby Parker Inc. (WRBY) came out with quarterly earnings of $0.06 per share, beating the Zacks Consensus Estimate of $0.05 per share. This compares to earnings of $0.04 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of 20%. A quarter ago, it was expected that this company would post earnings of $0.07 per share when it actually produced earnings of $0.08, delivering a surprise of 14.29%. Over the last four quarters, the company ...

Revenue Growth - Net revenue increased 13.3% year over year to $188.2 million[1][2][3] - Net revenue for Q2 2024 increased to $188.2 million, up 13.3% from $166.1 million in Q2 2023[24] - Full-year 2024 net revenue guidance raised to $757 to $762 million, representing 13% to 14% growth[6] Customer Metrics - Active Customers increased 4.5% to 2.39 million, and Average Revenue per Customer increased 8.8% to $302[3] Profitability and Margins - Gross margin increased 1.4 points to 56.0%[2][3] - Gross profit for Q2 2024 rose to $105.4 million, a 16.3% increase from $90.6 million in Q2 2023[24] - Gross profit for Q2 2024 was $105.38 million, representing 56.0% of revenue, up from $90.64 million (54.6% of revenue) in Q2 2023[31] - Adjusted gross profit for Q2 2024 was $105.67 million, compared to $90.93 million in Q2 2023[33] - Adjusted EBITDA Margin increased 1.9 points to 10.4%[2][5] - Adjusted EBITDA for Q2 2024 reached $19.6 million, with an Adjusted EBITDA Margin of 10.4%, up from 8.5% in Q2 2023[28] - Adjusted EBITDA Margin for the first six months of 2024 improved to 10.8%, compared to 9.4% in the same period of 2023[28] - Adjusted EBITDA for 2024 is projected to be $72.5 million at the midpoint of the revenue range, with an Adjusted EBITDA Margin of 9.5%[6] Net Loss and Equity - GAAP net loss improved $9.2 million to $6.8 million[5] - Net loss for Q2 2024 improved to $6.8 million, compared to a net loss of $15.9 million in Q2 2023[24] - Total stockholders' equity increased to $329.4 million in Q2 2024, up from $301.8 million in the previous period[22] Cash Flow and Liquidity - Net cash provided by operating activities was $31.6 million, with Free Cash Flow of $14.0 million[2] - Net cash provided by operating activities for the first six months of 2024 was $51.6 million, compared to $27.4 million in the same period of 2023[26] - Cash and cash equivalents at the end of Q2 2024 stood at $238.0 million, up from $212.7 million at the end of Q2 2023[26] - Net cash provided by operating activities for Q2 2024 was $31.62 million, a 68.7% increase from $18.75 million in Q2 2023[33] - Free cash flow for Q2 2024 was $13.97 million, more than double the $6.53 million in Q2 2023[33] Store Expansion - Company opened 11 net new stores during the quarter, ending Q2 with 256 stores[2] - Company plans to open 40 new stores in 2024[6] Expenses and Costs - Cost of goods sold for Q2 2024 was $82.84 million, a 9.8% increase from $75.46 million in Q2 2023[31] - Selling, general, and administrative expenses for Q2 2024 were $114.34 million, a 5.0% increase from $108.87 million in Q2 2023[31] - Adjusted selling, general, and administrative expenses for Q2 2024 were $98.16 million, compared to $86.76 million in Q2 2023[33] - Stock-based compensation expense for Q2 2024 was $14.1 million, down from $18.2 million in Q2 2023[28] - Stock-based compensation expense for Q2 2024 was $285,000 for cost of goods sold and $13.81 million for selling, general, and administrative expenses[33] - Non-cash charitable donation expense for Q2 2024 was $2.20 million, compared to $600,000 in Q2 2023[33] - ERP implementation costs for Q2 2024 were $0, compared to $3.64 million in Q2 2023[33] Investments - The company invested $2.0 million in an optical equipment company during Q2 2024[26]

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number 001-40825 Warby Parker Inc. (Exact name of registrant as specified in its charter) (State or other jurisdiction of incorporation or ...

Warby Parker Inc. (NYSE:WRBY) Q1 2024 Earnings Conference Call May 9, 2024 8:00 AM ET Company Participants Jaclyn Berkley - Head of IR Neil Blumenthal - Co-Founders and Co-CEO Dave Gilboa - Co-Founders and Co-CEO Steve Miller - Senior Vice President and CFO Conference Call Participants Oliver Chen - TD Cowen Dana Telsey - Telsey Group Amy Teske - Baird Mark Mahaney - Evercore ISI Janine Stichter - BTIG Dylan Carden - William Blair Evan Dorschner - Goldman Sachs Operator Hello, and welcome to today's Warby ...

Warby Parker Announces First Quarter 2024 Results Net revenue increased 16.3% year over year to $200.0 million; Company raises outlook Average Revenue per Customer increased 9.6% year over year to $296 NEW YORK, May 9, 2024. Warby Parker Inc. (NYSE: WRBY) (“Warby Parker” or the “Company”), a direct-to- consumer lifestyle brand focused on vision for all, today announced financial results for the first quarter ended March 31, 2024. “We entered 2024 with higher ambitions for delivering on our key metrics and a ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K (Mark One) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Registrant's telephone number, including area code (646) 847-7215 Securities registered pursuant to Section 12(b) of the Act: | Class A Common Stock, $0.0001 par value per | | | | --- | --- | --- | | Title of each class share | Trading Symbol WRBY | Name of each exchange on which registered New York Stock Exchange | Securities reg ...

Warby Parker Inc. (NYSE:WRBY) Q4 2023 Results Conference Call February 28, 2024 8:00 AM ET Company Participants Jaclyn Berkley - Head of Investor Relations Dave Gilboa - Co-Founder, Co-CEO & Co-Chair Neil Blumenthal - Co-Founder, President, Co-CEO & Co-Chair Steve Miller - SVP & CFO Conference Call Participants Mark Altschwager - Robert W. Baird Edward Yruma - Piper Sandler Mark Mahaney - Evercore ISI Dana Telsey - Telsey Advisory Group Kathryn Hallberg - TD Cowen Brooke Roach - Goldman Sachs Alex Straton - ...