Warby Parker Q1 revenue rises 16.3% to $200.0 million; raises 2024 outlook
Warby Parker reported first quarter 2024 net revenue of $200.0 million, up 16.3% from the prior year, and a GAAP net loss of $2.7 million, narrowed from $10.8 million a year earlier. The company raised its full-year 2024 guidance to net revenue of $753 to $761 million, which matters to shareholders because it signals stronger sales growth and a smaller loss than the company previously expected.
Key points
- Net revenue rose $28.0 million, or 16.3%, to $200.0 million for the quarter ended March 31, 2024.
- GAAP net loss was $2.7 million, compared with $10.8 million in the first quarter of 2023.
- Adjusted EBITDA was $22.4 million, a margin of 11.2%, compared with $17.7 million and 10.3% a year earlier.
- For full-year 2024, guidance calls for net revenue of $753 to $761 million and adjusted EBITDA of $70.0 million at the revenue midpoint.
The filing
Written by AI (Anthropic Claude, claude-haiku-5-5) on Nov 8, 2026, 1:38 AM ET, from the text of the filing and its press-release exhibits only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on May 09, 2024.
Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.