Warby Parker reports Q3 adjusted EPS 1c, consensus 1c

Reports Q3 revenue $169.8M, consensus $164.59M. Average Revenue per customer increased 10.0% to $284. Active Customers increased 1.8% to 2.30M. Gross profit increased 9.8% to $92.7M. Gross margin was 54.6% compared to 56.7% in the prior year period. “In Q3, we were proud to deliver our strongest revenue growth year-to-date at 14.2%,” said Co-Founder and Co-CEO Neil Blumenthal. “Fueling topline results were 11 new store openings, four collection launches, contacts outperformance, and more. Customers continue to find exceptional value in our products, and we are focused on finding more ways to serve them through our growing and highly productive retail footprint, product innovation, and broader holistic vision care services.” “As we head into the busiest time of year, our team remains laser focused on delivering remarkable experiences and value for our customers. We are confident in our strategic direction and continue to believe we are in the early innings of delivering long-term, profitable growth,” added Co-Founder and Co-CEO Dave Gilboa.