Warby Parker Inc. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2023
August 09, 2023 at 11:47 am
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Warby Parker Inc. reported earnings results for the second quarter and six months ended June 30, 2023. For the second quarter, the company reported sales was USD 166.09 million compared to USD 149.62 million a year ago. Net loss was USD 15.93 million compared to USD 32.17 million a year ago. Basic loss per share from continuing operations was USD 0.14 compared to USD 0.28 a year ago.
For the six months, sales was USD 338.06 million compared to USD 302.84 million a year ago. Net loss was USD 26.74 million compared to USD 66.3 million a year ago. Basic loss per share from continuing operations was USD 0.23 compared to USD 0.58 a year ago.
Warby Parker Inc. is a lifestyle brand that operates at the intersection of design, technology, healthcare, and social enterprise. It offers holistic vision care by selling eyewear products and providing optical services directly to consumers through its retail stores and e-commerce platform. It sells a range of prescription and non-prescription eyewear, including glasses, sunglasses, and contact lenses. Its customers can customize their prescription lenses with a variety of options, including single-vision, progressive, light-responsive, blue-light-filtering, and non-prescription lenses. It also offers in-house technologies like Virtual Vision Test and Virtual Try-On to enhance the overall customer experience. It sells its own brand of contacts, Scout by Warby Parker, and third-party contact lenses; this allows it to provide customers a vision care offering. Its Website and mobile app make it easy for its customers to browse, virtually try on, and purchase glasses.
WARBY PARKER INC. 
