Warby Parker (NYSE:WRBY) Third Quarter 2024 Results

Key Financial Results

• Revenue: US$192.4m (up 13% from 3Q 2023).

• Net loss: US$4.07m (loss narrowed by 77% from 3Q 2023).

• US$0.034 loss per share (improved from US$0.15 loss in 3Q 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Warby Parker Revenues Beat Expectations, EPS Falls Short

Revenue exceeded analyst estimates by 1.2%. Earnings per share (EPS) missed analyst estimates by 80%.

Looking ahead, revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 4.8% growth forecast for the Specialty Retail industry in the US.

Performance of the American Specialty Retail industry.

The company's shares are up 12% from a week ago.

Risk Analysis

It's still necessary to consider the ever-present spectre of investment risk. We've identified 1 warning sign with Warby Parker, and understanding this should be part of your investment process.

Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.

This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.