Warby Parker Raised FY23 Revenue $655M to $664M From $645M - $660M Vs. $658.5M Est.
Portfolio Pulse from Benzinga Newsdesk
Warby Parker has revised its FY23 revenue guidance to $655M-$664M, up from the previous $645M-$660M. This represents a growth of 9.5% to 11.0% compared to FY22. The company also expects an adjusted EBITDA of approximately $52M, or a margin of 7.9%, and plans to open 40 new stores this year.
August 09, 2023 | 10:50 am
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POSITIVE IMPACT
Warby Parker's revised FY23 revenue guidance could potentially boost investor confidence, leading to a positive impact on its stock price.
Warby Parker's upward revision of its FY23 revenue guidance indicates strong business performance and growth prospects. This could potentially boost investor confidence and lead to a positive impact on its stock price in the short term.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 100