Warby Parker Inc. (WRBY) posted a first quarter GAAP net loss of $2.7 million compared to a loss of $10.8 million, last year. The company said loss narrowed primarily as a result of the increase in revenue. Net loss per share was $0.02 compared to a loss of $0.09. On average, seven analysts polled by Thomson Reuters expected the company to report profit per share of $0.07, for the quarter. Analysts' estimates typically exclude special items. Adjusted EBITDA increased to $22.4 million from $17.7 million, last year.
Net revenue increased 16.3%, to $200.0 million, as compared to the prior year period. Analysts on average had estimated $196.34 million in revenue. Average Revenue per Customer increased 9.6% year over year.
For full year 2024, Warby Parker increased its guidance. Net revenue is projected in a range of $753 to $761 million. The company now expects adjusted EBITDA of $70.0 million at the midpoint of revenue range. Previously, the company projected: net revenue of $748 to $758 million, and adjusted EBITDA of $67 million at the midpoint of revenue range.
Shares of Warby Parker are up 19% at $14.87 in pre-market trade on Thursday.
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April 24, 2026 15:15 ET Economics news flow was relatively light this week even as the conflict in the Middle East continued, raising concerns for policymakers. In the U.S., spending data, initial jobless claims and pending home sales were the highlights. Business confidence in the biggest euro area economy was in focus in Europe. Inflation data from Japan gained attention in Asia.