Eyewear retailer Warby Parker (NYSE: WRBY) will be announcing earnings results this Thursday before market hours. Here’s what to look for.
Warby Parker missed analysts’ revenue expectations last quarter, reporting revenues of $235.5 million, up 9.8% year on year. It was a satisfactory quarter for the company, with a beat of analysts’ EPS estimates but a miss of analysts’ gross margin estimates. It reported 2.71 million active customers, up 4.2% year on year.
Is Warby Parker a buy or sell going into earnings? Read our full analysis here, it’s free for active Edge members.
This quarter, the market is expecting Warby Parker’s revenue to grow 10.5% year on year, slowing from the 15.2% increase it recorded in the same quarter last year.
Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business will stay the course heading into earnings. Warby Parker has missed Wall Street’s revenue estimates multiple times over the last two years.
With Warby Parker being the first among its peers to report earnings this season, we don’t have anywhere else to look to get a hint at how this quarter will unfold for specialty retail stocks. However, there has been positive investor sentiment in the segment, with share prices up 7.8% on average over the last month. Warby Parker is down 17% during the same time .
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