Warby Parker gains on raising full-year forecasts

Warby Parker

09/08/2023 13:55

** Sunglass maker Warby Parker's  WRBY.N  shares rise 7.7%
to $15.50 premarket
    ** Company raises FY net revenue forecast to $655 mln-$664
mln, vs prior range of $645 mln-$660 mln
    ** Sees FY adj EBITDA of about $52 mln vs previous outlook
of about $51.5 mln
    ** Reports Q2 net revenue of $166.1 mln vs est $162.5 mln -
Refinitiv
    ** Posts better-than-expected Q2 adj EPS of 4 cents vs est 2
cents
    ** 6 of 15 brokerages rate the stock "buy" or higher, rest
"hold"; median PT $14
    ** As of last close, stock up 6.7% YTD

 (Reporting by Shashwat Chauhan in Bengaluru)
 ((Shashwat.Chauhan@thomsonreuters.com))