Warby Parker Q3 revenue misses estimates, plans to open 45 new stores

Warby Parker

06/11/2025 11:56

Overview

Warby Parker Q3 revenue grows 15% yr/yr but misses analyst expectations

Net income for Q3 improved by $9.9 mln to $5.9 mln

Adjusted EBITDA increased $8.4 mln to $25.7 mln

Outlook

Warby Parker forecasts 2025 revenue of $871 mln to $874 mln, up about 13%

Company expects 2025 adjusted EBITDA of $98 mln to $101 mln

Warby Parker plans to open 45 new stores in 2025

Result Drivers

AI INNOVATION - Co attributes revenue growth to innovation, including AI glasses, enhancing customer experience

CUSTOMER GROWTH - Active customers increased 9.3% on a trailing 12-month basis, contributing to revenue growth

COST MANAGEMENT - Improved profitability attributed to operational discipline and focus on sustainable growth

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q3 Revenue
Miss
$221.68 mln
$224.49 mln (13 Analysts)
Q3 EPS
$0.05
Q3 Net Income
$5.87 mln
Q3 Adjusted EBITDA
$25.70 mln
Q3 Gross Margin
54.10%
Q3 Adjusted EBITDA Margin
11.60%
Q3 Gross Profit
$119.95 mln


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 8 "strong buy" or "buy", 7 "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 $28.00, about 32% above its November 5 closing price of $19.05

The stock recently traded at 40 times the next 12-month earnings vs. a P/E of 62 three months ago

Press Release: ID:nBw1NKQp9a

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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.)