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Warby Parker's growth outlook remains positive, with expected growth in FY24 at the high end and mid-teens growth in FY25/26. The company reported strong financials, with net sales beating expectations and active customer growth improving sequentially. Management plans to increase marketing spend and focus on customer acquisition efficiency, supporting future growth.
While the top- and bottom-line numbers for Warby Parker Inc. (WRBY) give a sense of how the business performed in the quarter ended December 2023, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.
Warby Parker beat expectations on its top line. However, lower profitability is raising questions over the quality of growth.
Warby Parker, Inc. (WRBY) Q3 2023 Earnings Call Transcript
Shares of Warby Parker (WRBY) rose in early trading after Evercore ISI upgraded its rating on the stock to "outperform." Analyst Mark Mahaney argues that 2024 "is likely to be an inflection year" for the eyeglass retailer.
Analysts at UBS have initiated coverage on Warby Parker with a ‘Neutral' rating on their view that the eyewear brand has a lot of potential but faces challenges ahead. The analysts wrote in a note to clients that Warby Parker is poised to benefit from favorable demographic trends, including an ageing population and societal changes such as increased screen time.
Chewy has no debt, and management expects revenue growth of 10% to 12%. Harley-Davidson is trading near a basement-low price-to-earnings ratio.
Warby Parker (WRBY) shares rise as the company's second quarter earnings beat on both the top and bottom line. The company also raised its full year 2023 outlook and saw a rise in its active customer count by 1.2%.
While Wendy's and Roblox merely met EPS expectations, Warby Parker posted a strong quarter.
While the top- and bottom-line numbers for Warby Parker Inc. (WRBY) give a sense of how the business performed in the quarter ended June 2023, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.