Business
Warby Parker Announces First Quarter 2025 Results
NEW YORK, May 08, 2025--Warby Parker Inc. (NYSE: WRBY) ("Warby Parker" or the "Company"), a direct-to-consumer lifestyle brand focused on vision for all, today announced financial results for the first quarter ended March 31, 2025.
About this update from Warby Parker Inc.
[{"type":"text","content":"Net revenue increased 12% year over year to $224 million","length":56,"tagName":"p","attribs":{}},{"type":"text","content":"Active Customers increased 9% on a trailing 12-month basis","length":58,"tagName":"p","attribs":{}},{"type":"text","content":"NEW YORK, May 08, 2025--(BUSINESS WIRE)--Warby Parker Inc. (NYSE: WRBY) ("Warby Parker" or the "Company"), a direct-to-consumer lifestyle brand focused on vision for all, today announced financial results for the first quarter ended March 31, 2025.","length":268,"tagName":"p"},{"type":"text","content":""Our team delivered a strong start to 2025. We opened 11 net new stores, exceeded profitability expectations, drove the highest e-commerce growth we've seen since 2021, and delivered our seventh consecutive quarter of accelerating active customer growth," shared Co-Founder and Co-CEO Neil Blumenthal.","length":315,"tagName":"p"},{"type":"text","content":""Looking to the rest of the year, we’ll leverage our diversified supply chain and the strength of our tenured team to deliver on our strategic priorities. We believe our brand’s strength, commitment to innovation, and differentiated value proposition reinforce Warby Parker’s ability to continue taking share in the months and years ahead," added Co-Founder and Co-CEO Dave Gilboa.","length":391,"tagName":"p"},{"type":"text","content":"First Quarter 2025 Highlights","length":29,"tagName":"p"},{"type":"list","items":[{"val":[{"type":"text","content":"Net revenue increased $23.8 million, or 11.9%, to $223.8 million, as compared to the prior year period.","length":103,"tagName":"p","attribs":{}}]},{"val":[{"type":"text","content":"Active Customers increased 8.7% to 2.57 million on a trailing 12-month basis, and Average Revenue per Customer increased 4.8% to $310.","length":134,"tagName":"p","attribs":{}}]},{"val":[{"type":"text","content":"GAAP net income improved $6.2 million to $3.5 million, the Company's first quarter of positive net income as a public company.","length":130,"tagName":"p","attribs":{}}]},{"val":[{"type":"text","content":"Adjusted EBITDA(1) increased $6.8 million to $29.2 million, and Adjusted EBITDA Margin(1) increased 1.9 points to 13.1%.","length":120,"tagName":"p","attribs":{}}]},{"val":[{"type":"text","content":"Net cash provided by operating activities of $29.4 million....