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
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Oscillators
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Summary
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Moving Averages
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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
2023 | 2022 | 2021 | 2020 | 2019 | |
---|---|---|---|---|---|
Operating Activities | |||||
Net Income | -63.20M | -110.39M | -144.27M | -55.92M | — |
Depreciation | 38.55M | 31.86M | 21.55M | 17.76M | 14.52M |
Deferred Taxes | — | — | — | — | — |
Stock-Based Compensation | 70.51M | 98.03M | 107.15M | 44.91M | 8.50M |
Other Non-Cash Items | 6.09M | 4.02M | 7.76M | — | — |
Accounts Receivable | -345,000 | -451,000 | -392,000 | 517,000 | -644,000 |
Accounts Payable | 1.63M | -7.94M | -11.11M | 5.90M | 5.53M |
Other Assets & Liabilities | 16.70M | 1.38M | -15.59M | 2.44M | -6.93M |
Operating Cash Flow | 69.94M | 16.51M | -34.91M | 15.61M | 20.97M |
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 Issuance | — | 91,000 | 31.61M | 945,000 | 590,000 |
Long-Term Debt Payments | — | — | — | -30.90M | — |
Other Financing Charges | — | — | -20.56M | — | — |
Financing Cash Flow | — | 91,000 | 2.96M | 213.71M | -78.88M |
Other Cash Details | |||||
End Cash Position | 216.89M | 208.59M | 256.42M | 314.09M | 55.42M |
Income Tax Paid | 419,000 | 536,000 | 356,000 | 230,000 | 369,000 |
Interest Paid | 227,000 | 184,000 | 150,000 | 466,000 | 88,000 |
Free Cash Flow | 7.32M | -49.81M | -80.51M | 12.69M | -11.24M |
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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.
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