Warby Parker Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2023
November 08, 2023 at 06:47 am EST
Share
Warby Parker Inc. reported earnings results for the third quarter and nine months ended September 30, 2023. For the third quarter, the company reported sales was USD 169.85 million compared to USD 148.78 million a year ago. Net loss was USD 17.41 million compared to USD 23.84 million a year ago. Basic loss per share from continuing operations was USD 0.15 compared to USD 0.21 a year ago.
For the nine months, sales was USD 507.91 million compared to USD 451.62 million a year ago. Net loss was USD 44.15 million compared to USD 90.14 million a year ago. Basic loss per share from continuing operations was USD 0.38 compared to USD 0.79 a year ago.
Warby Parker Inc. is a lifestyle brand that operates at the intersection of design, technology, healthcare, and social enterprise. It offers holistic vision care by selling eyewear products and providing optical services directly to consumers through its retail stores and e-commerce platform. It sells a range of prescription and non-prescription eyewear, including glasses, sunglasses, and contact lenses. Its customers can customize their prescription lenses with a variety of options, including single-vision, progressive, light-responsive, blue-light-filtering, and non-prescription lenses. It also offers in-house technologies like Virtual Vision Test and Virtual Try-On to enhance the overall customer experience. It sells its own brand of contacts, Scout by Warby Parker, and third-party contact lenses; this allows it to provide customers a vision care offering. Its Website and mobile app make it easy for its customers to browse, virtually try on, and purchase glasses.
WARBY PARKER INC. 
