"Warby Parker's revenue jumped 15 percent to $222 million in the third quarter of the year, driven by a 20 percent bump in store sales. The eyewear maker opened 15 standalone stores during the period, along with five shop-in-shops in Target. The higher revenue, driven by the retail expansion, helped offset a ramp up in performance and brand marketing. Warby Parker's net profits more than tripled to $6 million in the third quarter."
"In May, the company announced it received a $150 million investment from Google to develop AI-based glasses with the tech giant. On a Thursday earnings call, the brand announced it is also partnering with Samsung to bring those wares to market. But the eyewear brand is being cautious about its full-year revenue projections given the volatile macroeconomic environment."
Warby Parker's revenue rose 15 percent to $222 million in the third quarter, propelled by a 20 percent increase in store sales. The company opened 15 standalone stores and five shop-in-shops in Target. Increased revenue helped offset higher performance and brand marketing spending, and net profit more than tripled to $6 million in the quarter. Warby Parker secured up to $150 million from Google to develop AI-based smart glasses and is partnering with Samsung to commercialize them. The company lowered its 2025 sales outlook to as much as 13 percent growth, prompting a pre-market stock drop.
Read at The Business of Fashion
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