Warby Parker Raises 2024 Guidance: Now Expects Net Revenue Of $757M-$762M (Prior $753M-$761M) Vs. $760.183M Estimate
Portfolio Pulse from Benzinga Newsdesk
Warby Parker has raised its 2024 guidance, now expecting net revenue between $757M and $762M, up from the prior range of $753M to $761M. The company anticipates a 13% to 14% growth in net revenue compared to 2023 and projects an adjusted EBITDA of $72.5M at the midpoint of the revenue range, with an adjusted EBITDA margin of 9.5%. Warby Parker is also on track to open 40 new stores this year.
August 08, 2024 | 10:51 am
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Warby Parker has raised its 2024 guidance, now expecting net revenue between $757M and $762M, up from the prior range of $753M to $761M. The company anticipates a 13% to 14% growth in net revenue compared to 2023 and projects an adjusted EBITDA of $72.5M at the midpoint of the revenue range, with an adjusted EBITDA margin of 9.5%. Warby Parker is also on track to open 40 new stores this year.
The raised guidance indicates stronger-than-expected performance, which is likely to positively impact investor sentiment and the stock price in the short term. The projected growth in net revenue and adjusted EBITDA, along with the expansion of new stores, underscores the company's growth trajectory.
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