Warby Parker Results Presentation Deck
May 2023, 31 slides
  1. Warby Parker
  2. Results Presentation Decks
first quarter earnings report parker firs iao pac at nat | Warby Parker
forward looking statements non financial measures | Warby Parker
i i i i as i a i at since our founding we pioneered ideas designed products and developed technologies that help people see | Warby Parker
since we high quality prescription eyewear designed in house starting at and delivered industry leading customer experiences our sales represent less than of the billion eyewear market we helped pioneer the vertically integrated direct to consumer model we developed in house technologies like virtual vision test and virtual try on that make it easy for customers to their perfect frame or renew their prescription from home parker has stores out of optical shops in the we evolved from a glasses only business into a holistic vision care company that also ers contacts and eye exams our ultimate objective is vision for all which is why for every pair of glasses or sunglasses sold a pair of glasses is distributed to someone in need overview offered find perfect fitting offers | Warby Parker
first quarter financial highlights net revenue net revenue growth active customers margin average revenue per customer adjusted adjusted | Warby Parker
parker | Warby Parker
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net revenue growth of average revenue per customer up to opened new stores in ending the quarter with stores adjusted margin of up from adjusted a as a percent of revenue of decreased by compared to in year over year leverage was primarily driven by reduced marketing costs which decreased from of revenue in to in and adjustments to our cost structure made last year performance key active customers store count gross | Warby Parker
first quarter financial details | Warby Parker
quarterly financial details revenue adjusted | Warby Parker
current footprint potential footprint expanding retail with significant white space for new stores wee open retail stores and canada parker number of store locations | Warby Parker
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is prone | Warby Parker
outlook net revenue adjusted net revenue growth adjusted margin outlook adjusted margin net revenue growth | Warby Parker
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i supplemental details | Warby Parker
net revenue by quarter is on we tee gag sea | Warby Parker
compelling and consistent sales retention rates we sos i months months months months | Warby Parker
a i appendix | Warby Parker
non financial measures and key operating metrics | Warby Parker
reconciliation of adjusted to net income net loss interest and other income net provision for income taxes depreciation and amortization expense asset impairment charges stock based compensation expense amortization of cloud based implementation costs implementation costs adjusted adjusted margin | Warby Parker
supplemental financial information gross profit of revenue total a of revenue net loss of revenue adjusted adjusted a adjusted | Warby Parker
supplemental financial information cost of goods sold of revenue gross profit of revenue selling general and administrative of revenue net loss income of revenue | Warby Parker
reconciliation of adjusted to net income | Warby Parker
the following table reflects a reconciliation of each non or adjusted financial measure to its most directly comparable financial measure prepared in accordance with measures cost goods sold stock based compensation expense cost goods sold gross profit gross profit selling general and administrative expenses transaction costs net loss income provision for income taxes loss before income taxes stock based compensation expense transaction costs provision for income taxes net income loss net income loss attributable common stock weighted average shares diluted diluted earnings loss per share | Warby Parker
thank you an am | Warby Parker
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