U.S. markets closed
  • S&P 500

    3,845.08
    +13.69 (+0.36%)
     
  • Dow 30

    31,037.68
    +69.86 (+0.23%)
     
  • Nasdaq

    11,361.85
    +39.61 (+0.35%)
     
  • Russell 2000

    1,727.55
    -13.78 (-0.79%)
     
  • Crude Oil

    98.33
    -0.20 (-0.20%)
     
  • Gold

    1,737.80
    +1.30 (+0.07%)
     
  • Silver

    19.15
    -0.01 (-0.07%)
     
  • EUR/USD

    1.0188
    +0.0004 (+0.04%)
     
  • 10-Yr Bond

    2.9130
    +0.1040 (+3.70%)
     
  • GBP/USD

    1.1922
    +0.0000 (+0.00%)
     
  • USD/JPY

    135.9790
    +0.0640 (+0.05%)
     
  • BTC-USD

    20,565.89
    +386.86 (+1.92%)
     
  • CMC Crypto 200

    440.40
    +4.88 (+1.12%)
     
  • FTSE 100

    7,107.77
    +82.30 (+1.17%)
     
  • Nikkei 225

    26,107.65
    -315.82 (-1.20%)
     
  • Oops!
    Something went wrong.
    Please try again later.

Warby Parker reports earnings miss, reiterates 2022 outlook

In this article:
  • Oops!
    Something went wrong.
    Please try again later.

Yahoo Finance Live anchors discuss first-quarter earnings for Warby Parker.

Video Transcript

BRAD SMITH: You know what is good for you? Being able to see, your vision.

JULIE HYMAN: Yes, true.

BRAD SMITH: Warby Parker, they missed estimates--

JULIE HYMAN: I kill everything joyful for Sozz.

BRIAN SOZZI: Well, then I should be dead already.

JULIE HYMAN: I'm so sorry.

BRIAN SOZZI: Because I had barbecue and outside my dad used to make me when I was eight. I should be dead already, maybe soon. Who knows?

JULIE HYMAN: I'm so sorry.

BRAD SMITH: Warby Parker, we were taking a look at their shares a moment ago here. We've got the alliteration going, though, for Weber and Warby Parker, at least, but anyway, exciting. Approximately $15 million in estimated lost sales due to the Omicron variant. You know, this company coming into the start of the pan-- not the start of the pandemic-- the start of their life as a publicly traded company, they were leaning more so into contact lenses.

And that's something that I continue to check in on, particularly as they report quarter over quarter here. They actually did see active customers increase 18% to 2.23 million. But then additionally here, they actually more than doubled coming back to the contact lenses, more than doubled the revenue of their contact lens offering. That's a major opportunity for them.

JULIE HYMAN: Except the margins are lower in the contact lens business.

BRIAN SOZZI: Except added here.

BRAD SMITH: I think it's a little bit of a fly in the ointment there.