Warby Parker Q3 Results: Revenue Growth Deceleration Is Concerning

Nov. 28, 2022 2:31 AM ETWarby Parker Inc. (WRBY)
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Summary

  • Third quarter results and guidance were disappointing, with net revenue growing only 8.3% in Q3, and guidance for growth in Q4 in the range of 4% to 8.7%.
  • The brick-and-mortar side of the business appears to be on a recovery trend, but the e-commerce is seeing growth moderate.
  • We believe the current share price still reflects expectations for high growth in the future, and that the current growth issues will be transitory.

Eyewear Company Warby Parker Becomes Public Company Traded On The NYSE

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Warby Parker's (NYSE:WRBY) growth has been disappointing for several quarters now. The company stated in the past that its long-term net revenue growth target was 20%+, but recently the growth rate has decelerated to close to

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