Warby Parker jumps after raising FY sales forecast

Warby Parker

09/05/2024 14:18

** Sunglass maker Warby Parker's shares  WRBY.N  rise about
20% to $14.87 premarket
    ** Company raises annual net revenue forecast and beats
quarterly sales expectations on strong demand
    ** Sees 2024 revenue at $753-$761 mln vs prior range of
$748-$758 mln 
    ** Posts Q1 revenue of $200 mln vs LSEG ests of $196.3 mln 
    ** Reports quarterly net loss of $2.7 mln vs loss of $10.8
mln last year
    ** Co opened eight new stores in the quarter 
    ** Through last close, WRBY down 11.7% YTD

 (Reporting by Annett Mary Manoj in Bengaluru)
 ((AnnettMary.Manoj@thomsonreuters.com))