Quarterly ResultMay 7, 2026, 06:52 AM
Warby Parker Q1 Revenue $242.4M, +8.3%; Net Income $3.2M
AI Summary
Warby Parker announced its first quarter 2026 financial results, reporting net revenue of $242.4 million, an 8.3% increase year-over-year, exceeding company guidance. Net income for the quarter was $3.2 million, a slight decrease from the prior year. The company also grew active customers by 4.8% to 2.69 million and opened 14 new stores, ending the quarter with 337 locations. Management expressed confidence and highlighted plans for launching intelligent eyewear.
Key Highlights
- Net revenue increased 8.3% to $242.4 million, exceeding company guidance.
- Net income was $3.2 million, a decrease from $3.472 million in Q1 2025.
- Adjusted EBITDA grew to $29.6 million, also exceeding company guidance.
- Active Customers increased 4.8% to 2.69 million on a trailing 12-month basis.
- Average Revenue per Customer rose 6.9% year-over-year to $331.
- Opened 14 net new stores, bringing the total to 337 stores.
- Reaffirmed full-year 2026 net revenue guidance of $959M to $976M.
- Reaffirmed full-year 2026 Adjusted EBITDA guidance of $117M to $119M.