Warby Parker (WRBY) Soars 17.8% on First Swing to Profits

We recently published Wall Street Can’t Keep Up: 10 Big Names on a High. Warby Parker Inc. (NYSE:WRBY) was one of the best performers on Thursday.

Warby Parker saw its share prices jump by 17.82 percent on Thursday to finish at $25.65 apiece, as investor sentiment was boosted by its first swing to full-year profitability last year.

In an updated report, the company said that it generated $1.64 million in net income last year, reversing a $20.39 million net loss in 2024.

Meanwhile, net revenues jumped by 13 percent to $871.9 million from $771.3 million year-on-year.

For the fourth quarter, however, Warby Parker Inc. (NYSE:WRBY) remained at a $5.95 million net loss, albeit lower by 13.5 percent than the $6.88 million in the same quarter a year earlier.

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Revenues also jumped by 11 percent to $211.97 million from $190.6 million.

Warby Parker Inc. (NYSE:WRBY) also underscored that it achieved a 7 percent growth in the number of active customers, while average revenue per customer stood at $324, up 5.7 percent year-on-year.

For this year, the company is looking to register a 10 to 12 percent growth in revenues to a range of $959 million to $976 million. Adjusted EBITDA is also targeted at $117 million to $119 million.

Additionally, it is planning to ramp up its store portfolio with the opening of 50 new stores this year to end at 373 in total.

In other news, Warby Parker Inc. (NYSE:WRBY) announced plans to repurchase up to $100 million of Class A common shares as it aims to boost shareholder and company value.

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