Overview

* Warby Parker ( WRBY ) Q2 rev grows 14% yr/yr, beating analyst expectations, per LSEG data

* Adjusted EBITDA for Q2 beats consensus

* Co raises full-year 2025 revenue outlook, and announces CFO Steve Miller to step down on Oct. 1

Outlook

* Warby Parker ( WRBY ) raises 2025 revenue guidance to $880 mln-$888 mln

* Company expects 2025 adjusted EBITDA of $98 mln-$101 mln

* Warby Parker ( WRBY ) plans to open 45 new stores in 2025

* Company projects 2025 adjusted EBITDA margin of 11.1%-11.4%

Result Drivers

* AI INITIATIVES - Launch of AI-driven recommendation tool 'Advisor' showing strong early traction, per Co-CEO Dave Gilboa

* STORE EXPANSION - Opened 11 new stores during Q2, ending with 298 stores, contributing to revenue growth

* INVENTORY WRITE-DOWNS - Gross margin impacted by $2.5 mln inventory write-downs related to sunsetting Home-Try On program

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q2 Beat $214.48 $213.10

Revenue mln mln (14

Analysts

)

Q2 EPS -$0.01

Q2 Net -$1.75

Income mln

Q2 Beat $25 mln $21.70

Adjusted mln (13

EBITDA Analysts

)

Q2 Gross 53.0%

Margin

Q2 11.7%

Adjusted

EBITDA

Margin

Q2 Gross $113.61

Profit mln

Analyst Coverage

* The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 8 "strong buy" or "buy", 8 "hold" and no "sell" or "strong sell"

* The average consensus recommendation for the medical equipment, supplies & distribution peer group is "buy"

* Wall Street's median 12-month price target for Warby Parker Inc ( WRBY ) is $24.00, about 1.3% below its August 6 closing price of $24.30

* The stock recently traded at 64 times the next 12-month earnings vs. a P/E of 47 three months ago

Press Release:

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)