Warby Parker Inc. Reports Earnings Results for the Full Year Ended December 31, 2023
February 28, 2024 at 05:19 pm IST
Share
Warby Parker Inc. reported earnings results for the full year ended December 31, 2023. For the full year, the company reported sales was USD 669.77 million compared to USD 598.11 million a year ago. Net loss was USD 63.2 million compared to USD 110.39 million a year ago.
Basic loss per share from continuing operations was USD 0.54 compared to USD 0.96 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.