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Warby Parker (WRBY) Q2 Earnings: Taking a Look at Key Metrics Versus Estimates

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Warby Parker Inc. (WRBY - Free Report) reported $188.22 million in revenue for the quarter ended June 2024, representing a year-over-year increase of 13.3%. EPS of $0.06 for the same period compares to $0.04 a year ago.

The reported revenue represents a surprise of +0.71% over the Zacks Consensus Estimate of $186.89 million. With the consensus EPS estimate being $0.05, the EPS surprise was +20.00%.

While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.

As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.

Here is how Warby Parker performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:

  • Active Customers

    : 2.39 million compared to the 2.38 million average estimate based on three analysts.
  • Average Revenue per Customer

    : $302 versus $302.33 estimated by three analysts on average.
  • Store Count at the end of the period

    : 256 compared to the 257 average estimate based on three analysts.
View all Key Company Metrics for Warby Parker here>>>

Shares of Warby Parker have returned -9.7% over the past month versus the Zacks S&P 500 composite's -6.5% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.

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