Warby Parker shares are trading higher after the company reported a year-over-year increase in Q1 GAAP EPS results and better=than-expected sales results. Also, the company raised its FY24 net revenue guidance.
Portfolio Pulse from Benzinga Newsdesk
Warby Parker's shares surged following the announcement of improved Q1 GAAP EPS results and sales exceeding expectations. Additionally, the company has uplifted its net revenue guidance for FY24.
May 09, 2024 | 11:53 am
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Warby Parker reported a year-over-year increase in Q1 GAAP EPS and sales that surpassed expectations, leading to an upward revision of its FY24 net revenue guidance.
The positive earnings report and the raised revenue guidance for FY24 indicate strong financial health and growth prospects for Warby Parker. This typically results in increased investor confidence and can lead to a short-term rise in stock price.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100