WRBY Earnings Prediction
The chart below shows how WRBY performed 10 days before and after its earnings report, based on data from the past quarters. Typically, WRBY sees a +6.47% change in stock price 10 days leading up to the earnings, and a -0.90% change 10 days following the report. On the earnings day itself, the stock moves by +2.12%. This data can give you a slight idea of what to expect for the next quarter's release.
WRBY Key Earning Data
2024/Q4
Year Over Year
Quarter Over Quarter
Total Revenue
192.45M
13.30%
2.24%
Gross Margin
54.49%
-0.20%
-2.68%
Operating Margin
-3.29%
-70.01%
-30.74%
Net Margin
-2.12%
-79.32%
-40.95%
EPS
-0.03
-80.00%
-50.00%
No Data Available
WRBY Earnings Analysis
Warby Parker Inc. Corporation (WRBY.N) Earnings Conference Call
Positive
Net Revenue Growth: Net revenue of $192.4 million, representing 13.3% growth year-over-year.
Retail Revenue Surge: Retail revenue increased approximately 20% year-over-year, while e-commerce revenue increased approximately 1%.
Active Customer Growth: We ended Q3 with 2.4 million active customers, an increase of 5.6% on a trailing 12-month basis.
Adjusted EBITDA Margin: Adjusted EBITDA of approximately $73 million at the midpoint of our revenue range, equating to an adjusted EBITDA margin of 9.5%.
Store Expansion Update: We opened 13 new stores, ending the quarter with 269 stores, well below our longer-term potential of 900 plus store potential.
Negative
Q3 Revenue Decline: Revenue for the third quarter came in at $192.4 million, which is a decrease from previous expectations and reflects a challenging market environment.
Gross Margin Decline: Adjusted gross margin decreased to 54.6% compared to 54.8% in the year-ago period, indicating a slight decline in profitability.
Store Expansion Slowdown: The company opened only 13 new stores in Q3, which is significantly below the long-term target of 900+ stores, reflecting slower expansion efforts.
Customer Acquisition Slowdown: Active customer growth was only 2.43 million, which is below expectations and indicates a potential slowdown in customer acquisition.
SG&A Expense Increase: Adjusted SG&A expenses increased to $100.6 million or 52.3% of revenue, compared to $93.4 million or 55% of revenue in the previous year, highlighting rising operational costs.
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WRBY Earning Call Sentiment
Warby Parker Inc. (WRBY) Q3 2024 Earnings Call Transcript
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WRBY.N
-3.08%Positive
The earnings call reveals strong financial performance with 13.3% revenue growth, increased store count, and improved customer metrics. Despite slight gross margin decline, the adjusted EBITDA margin expanded. The Q&A section addressed concerns, with management maintaining a positive outlook on marketing efficiency and e-commerce growth. No share repurchase was announced, but the cash position is strong. The market cap indicates a potential positive stock movement, supported by optimistic guidance and strategic expansions like the Versant Health partnership. Overall, the sentiment leans positive, suggesting a 2%-8% stock price increase.
