Warby Parker Q2 revenue up 9.8% on customer growth

Warby Parker

06/08/2026 11:57

Overview
U.S. eyewear retailer's Q2 revenue grew 9.8% yr/yr, slightly missing analyst expectations
Net income rose to $4.6 mln, aided by $11.8 mln tariff refund
Company reaffirmed 2026 guidance, investing ahead of Intelligent Eyewear launch

Outlook
Warby Parker sees 2026 net revenue of $959 mln to $976 mln, up 10%-12% yr/yr
Company expects 2026 adjusted EBITDA of $117 mln to $119 mln, margin of 12.2%
2026 guidance includes $14.4 mln tariff refund benefit, excludes Intelligent Eyewear revenue

Result Drivers
TARIFF REFUNDS - Co said $11.8 mln benefit from tariff refunds boosted gross margin and net income
CUSTOMER GROWTH - Active customers rose 4.1% yr/yr and average revenue per customer increased 6.6%, supporting revenue growth
HIGHER EXPENSES - SG&A expenses increased due to retail compensation and technology costs tied to Intelligent Eyewear launch

Company press release: ID:nBw8Glchla

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Revenue
Slight Miss*
$235.51 mln
$237.75 mln (14 Analysts)
Q2 EPS
 
$0.04
 
Q2 Net Income
 
$4.64 mln
 
Q2 Adjusted EBITDA
 
$32.90 mln
 
Q2 Adjusted EBITDA Margin
 
14.00%
 
Q2 Gross Profit
 
$136.46 mln
 
*Applies to a deviation of less than 1%; not applicable for per-share numbers.

Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 10 "strong buy" or "buy", 6 "hold" and no "sell" or "strong sell"
The average consensus recommendation for the miscellaneous specialty retailers peer group is "buy"
Wall Street's median 12-month price target for Warby Parker Inc is $31.50, about 7.6% above its August 5 closing price of $29.27
The stock recently traded at 51 times the next 12-month earnings vs. a P/E of 40 three months ago

Reuters Recommended Reads
Aug 5 - Canada's Kits Eyecare Q2 revenue slightly beats on glasses segment growth
Aug 4 - Weyco Q2 net earnings surge on tariff refunds
Aug 5 - Capri cuts revenue outlook as Iran war hits Michael Kors sales

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)