Warby Parker (WRBY) Beats Revenue Guidance, Rockets 23%

Warby Parker Inc. (NYSE:WRBY) is one of the 10 Stocks Outperforming Wall Street With Monster Returns.

Warby Parker soared by 23.47 percent on Thursday to end at $27.20 apiece, after beating its revenue expectations in the first quarter of the year and posting an upbeat outlook for the second quarter and full-year period.

In an updated report, Warby Parker Inc. (NYSE:WRBY) said that it was able to achieve $242 million in revenues in the first three months of the year, jumping by 8 percent from the $223.78 million in the same period last year, and beating its earlier target of $238 million to $240 million.

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Net income, on the other hand, ended at $3.18 million, lower by 8 percent than the $3.47 million year-on-year.

Looking ahead, Warby Parker Inc. (NYSE:WRBY) is targeting revenues of $235 million to $238 million in the second quarter of the year, or an implied growth of 9.5 percent to 10.9 percent from the $214.5 million posted in the same period a year earlier.

Adjusted EBITDA is projected at $27 million to $29 million, or growth of 8 percent to 16 percent from the $25 million year-on-year.

For the full-year period, revenues are expected to grow by 10 to 12 percent to a range of $959 million to $976 million, versus the $871.9 million a year earlier.

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