TD Cowen analyst Oliver Chen lowered the firm’s price target on Warby Parker (WRBY) to $20 from $30 and keeps a Buy rating on the shares. The firm notes the company reported EBITDA 3% ahead of expectations of $28M at $29M despite lower-than-expected gross margin as SG&A leverage of -242bps drove profitable growth. Management is working quickly to offset the tariff impact through mitigation strategies and expense management, although EBITDA guidance lowered by $6M at the low-end.
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Read More on WRBY:
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