Warby Parker Inc.

Description

Warby Parker Inc. provides eyewear products in the United States and Canada. The company offers eyeglasses, sunglasses, light-responsive lenses, blue-light-filtering lenses, non-prescription lenses, and contact lenses. It also provides accessories, such as cases, lenses kit with anti-fog spray, pouches, and anti-fog lens spray through its retail stores, website, and mobile apps. In addition, the company offers eye exams and vision tests. Warby Parker Inc. was incorporated in 2009 and is headquartered in New York, New York.

About

CEO
Mr. Neil Harris Blumenthal
Employees
2,140
Instrument type
Common Stock
Sector
Healthcare
Industry
Medical Instruments & Supplies
MIC code
XNYS
Address
233 Spring Street, New York, NY 10013, United States
Phone
646 847 7215
Website
Chart Image
× Enlarged Chart
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Earnings

Date Estimate EPS Actual EPS Difference % Surprise
Nov 5, 2025
Aug 6, 2025
May 7, 2025
Feb 26, 2025 0.03
Nov 7, 2024 0.05 0.05 0.00 0.00%

Earnings estimate

Next Quarter
(Mar 2025)
Next Year
(Dec 2025)
Number of analysts 5 8
Average estimate 0.12 0.32
Low estimate 0.11 0.28
High estimate 0.12 0.40
Last year EPS 0.11 0.23
[stock_revenue_estimate]

Growth estimates

Current qtr
369.400%
Next qtr. (Mar 2025)
7.570%
Current year
134.640%
Next year (Dec 2025)
37.720%
Next 5 years (per annum)
Past 5 years (per annum)

Analyst Ratings

Date Firm Action Rating Price Target
Jan 21, 2025
Morgan Stanley
Kimberly Greenberger
Maintains Equal-Weight ▲ Raises $17 → $23
Jan 17, 2025
Evercore ISI Group
Mark Mahaney
Downgrade In-Line Announces $23
Dec 16, 2024
JMP Securities
Nicholas Jones
Maintains Market Outperform ▲ Raises $23 → $28
Dec 11, 2024
Stifel
Jim Duffy
Maintains Hold ▲ Raises $17 → $20
Dec 10, 2024
Goldman Sachs
Brooke Roach
Maintains Buy ▲ Raises $20 → $26
Nov 19, 2024
Telsey Advisory Group
Dana Telsey
Maintains Outperform ▲ Raises $22 → $26
Nov 8, 2024
Baird
Mark Altschwager
Maintains Outperform ▲ Raises $18 → $23
Nov 8, 2024
Piper Sandler
Anna Andreeva
Maintains Overweight ▲ Raises $18 → $22
Nov 8, 2024
Telsey Advisory Group
Dana Telsey
Maintains Outperform ▲ Raises $19 → $22
Nov 7, 2024
Telsey Advisory Group
Dana Telsey
Maintains Outperform Maintains $19
Nov 1, 2024
BTIG
Janine Stichter
Maintains Buy ▲ Raises $18 → $20
Oct 31, 2024
Telsey Advisory Group
Dana Telsey
Maintains Outperform Maintains $19
Oct 21, 2024
Goldman Sachs
Brooke Roach
Upgrade Buy ▲ Raises $15 → $18
Aug 23, 2024
JMP Securities
Nicholas Jones
Upgrade Market Outperform Announces $20
Aug 23, 2024
Piper Sandler
Anna Andreeva
Assumes Overweight Announces $18
Aug 9, 2024
Stifel
Jim Duffy
Maintains Hold ▲ Raises $14 → $15
Aug 8, 2024
Telsey Advisory Group
Dana Telsey
Maintains Outperform Maintains $19
Aug 1, 2024
Telsey Advisory Group
Dana Telsey
Maintains Outperform Maintains $19
Jul 10, 2024
Loop Capital
Anthony Chukumba
Maintains Hold ▲ Raises $15 → $16
May 10, 2024
Morgan Stanley
Kimberly Greenberger
Maintains Equal-Weight ▲ Raises $13 → $14
May 10, 2024
UBS
Mark Carden
Maintains Neutral ▲ Raises $13 → $15
May 9, 2024
Telsey Advisory Group
Dana Telsey
Maintains Outperform Maintains $19
Feb 28, 2024
Telsey Advisory Group
Dana Telsey
Reiterates Outperform Maintains $19
Feb 21, 2024
Telsey Advisory Group
Dana Telsey
Reiterates Outperform Maintains $19
Jan 24, 2024
Morgan Stanley
Kimberly Greenberger
Maintains Equal-Weight ▲ Raises $12 → $13
Nov 9, 2023
Morgan Stanley
Kimberly Greenberger
Maintains Equal-Weight ▼ Lowers $13 → $12
Oct 12, 2023
BTIG
Janine Stichter
Upgrade Buy Announces $17
Oct 3, 2023
Evercore ISI Group
Mark Mahaney
Upgrade Outperform Announces $20
Sep 25, 2023
UBS
Mark Carden
Initiates Neutral Announces $13
Aug 11, 2023
Citigroup
Maintains Neutral

Income statement

2023 2022 2021 2020 2019
Fiscal date 2023-12-31 2022-12-31 2021-12-31 2020-12-31 2019-12-31
Total reported revenue 669.77M 598.11M 540.80M 393.72M 370.46M
Cost of revenue 304.54M 257.05M 223.05M 161.78M 147.36M
Gross profit 365.22M 341.06M 317.75M 231.94M 223.11M
Operating expense
Research & development
Selling general and admin 437.22M 452.27M 461.41M 287.57M 224.77M
Other operating expenses
Operating income -72.00M -111.20M -143.66M -55.63M -1.66M
Non operating interest income
Income
Expense
Other income expense
Pretax income -62.76M -109.90M -144.01M -55.73M 276,000
Tax provision 433,000 497,000 263,000 190,000 276,000
Net income -63.20M -110.39M -144.27M -55.92M
Basic EPS -0.54 -0.96 -2.21 -5.02 -5.16
Diluted EPS -0.54 -0.96 -2.21 -5.02 -5.16
Basic average shares 117.39M 114.94M 71.25M 11.15M 11.15M
Diluted average shares 117.39M 114.94M 71.25M 11.15M 11.15M
EBITDA -33.44M -79.34M -122.11M -37.87M 12.85M
Net income from continuing op. -63.20M -110.39M -144.27M -55.92M
Minority interests
Preferred stock dividends

Balance sheet

2023 2022 2021 2020 2019
Fiscal date 2023-12-31 2022-12-31 2021-12-31 2020-12-31 2019-12-31
Total assets 580.31M 568.71M 440.65M 444.75M 175.86M
Current assets
Cash
Cash equivalents
Cash and cash equivalents 216.89M 208.59M 256.42M 314.09M 55.42M
Other short term investments
Accounts receivable 1.78M 1.44M 992,000 601,000 1.12M
Other receivables
Inventory 62.23M 68.85M 57.10M 38.47M 28.44M
Prepaid assets 13.48M 6.78M 6.71M
Restricted cash
Assets held for sale
Hedging assets
Other current assets 17.71M 15.70M 13.48M 6.78M 6.71M
Non current assets
Properties 122.31M 127.01M
Land and improvements
Machinery furniture equipment 88.89M 74.65M 53.95M 33.90M 30.23M
Construction in progress 17.56M 12.92M 10.99M 7.20M 1.12M
Leases 161.72M 139.42M 110.95M 88.92M 86.04M
Accumulated depreciation -115.84M -88.37M -63.69M -45.49M -33.50M
Goodwill
Investment properties
Financial assets
Intangible assets
Investments and advances
Other non current assets 7.06M 8.50M 471,000 284,000 282,000
Total liabilities 278.53M 282.06M 154.65M 136.34M 102.46M
Current liabilities
Accounts payable 22.46M 20.79M 30.89M 40.79M 37.31M
Accrued expenses 46.32M 58.22M 60.84M 34.27M 16.35M
Short term debt 24.29M 22.55M
Deferred revenue 31.62M 25.63M 22.07M 26.55M 19.25M
Tax payable
Pensions
Other current liabilities 2.41M 2.37M 4.30M 3.72M 2.96M
Non current liabilities
Long term debt 150.17M 150.83M
Provision for risks and charges
Deferred liabilities
Derivative product liabilities
Other non current liabilities 1.26M 1.67M 3.01M 756,000
Shareholders equity
Common stock 12,000 12,000 11,000 5,000 5,000
Retained earnings -666.83M -603.63M -493.24M -325.39M -269.47M
Other shareholders equity -1.53M -647,000 16,000 109,000 22,000
Total shareholders equity 301.79M 286.65M 286.00M 308.41M 73.40M
Additional paid in capital 970.14M 890.92M 779.21M 127.18M 79.99M
Treasury stock
Minority interest

Cash flow statement

20232022202120202019
Operating Activities
Net Income-63.20M-110.39M-144.27M-55.92M
Depreciation38.55M31.86M21.55M17.76M14.52M
Deferred Taxes
Stock-Based Compensation70.51M98.03M107.15M44.91M8.50M
Other Non-Cash Items6.09M4.02M7.76M
Accounts Receivable-345,000-451,000-392,000517,000-644,000
Accounts Payable1.63M-7.94M-11.11M5.90M5.53M
Other Assets & Liabilities16.70M1.38M-15.59M2.44M-6.93M
Operating Cash Flow69.94M16.51M-34.91M15.61M20.97M
Investing Activities
Capital Expenditures-53.67M-60.18M-48.51M-20.07M-32.63M
Net Intangibles
Net Acquisitions-1.00M
Purchase of Investments
Sale of Investments
Investing Cash Flow-54.67M-60.18M-48.51M-20.07M-32.63M
Financing Activities
Long-Term Debt Issuance91,00031.61M945,000590,000
Long-Term Debt Payments-30.90M
Other Financing Charges-20.56M
Financing Cash Flow91,0002.96M213.71M-78.88M
Other Cash Details
End Cash Position216.89M208.59M256.42M314.09M55.42M
Income Tax Paid419,000536,000356,000230,000369,000
Interest Paid227,000184,000150,000466,00088,000
Free Cash Flow7.32M-49.81M-80.51M12.69M-11.24M
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Warby Parker to Announce Fourth Quarter and Full Year 2024 Financial Results on February 27, 2025 Article
Warby Parker to Announce Fourth Quarter and Full Year 2024 Financial Results on February 27, 2025
NEW YORK--(BUSINESS WIRE)--Warby Parker Inc. (NYSE: WRBY) (the “Company”), a direct-to-consumer lifestyle brand focused on vision for all, today announced that its financial results for the fourth quarter and year ended December 31, 2024 will be released before market open on February 27, 2025. In addition, the Company will discuss its results and business outlook during a live conference call and webcast at 8:00 a.m. Eastern Time. The conference call can be accessed by dialing 833-470-1428 fro.
Business Wire Neutral
Feb 6, 2025
MoneyShow's Best Investment Ideas For 2025: Part 5 Article
MoneyShow's Best Investment Ideas For 2025: Part 5
MoneyShow presents top investment ideas for 2025 from their contributors. This year's edition presents a broad mix of theme-based stock picks, momentum-driven high-flyers and beaten-up stocks with turnaround potential, along with some speculative plays and ETFs. Part 5 includes Boeing, Warby Parker, SentinelOne, Dutch Bros, Tilray Brands and SFL, among others.
Seeking Alpha Neutral
Jan 22, 2025
Warby Parker stock price analysis as its website traffic jumps Article
Warby Parker stock price analysis as its website traffic jumps
Warby Parker stock price has done well in the past few months, as we predicted in this piece in October. WRBY stock jumped to a high of $27 this month, up by 175% from its lowest level in 2024, pushing its value to over $3 billion.
Invezz Positive
Jan 19, 2025
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