Warby Parker on Thursday reported continued losses and said its sales were hurt during the holiday quarter due to the omicron variant of Covid-19, which kept people out of the eyewear retailer’s stores.
The company also issued a weaker-than-anticipated forecast for 2022 sales. Warby Parker sees annual revenue ranging between $650 and $660 million. Analysts were looking for $687.7 million, according to Refinitiv data.
Management said the effects of omicron resulted in nearly $5 million of lost sales in the fourth quarter, and it projects losing more than $15 million in the first quarter, as fewer customers came in for eye exams and to try on new eyeglasses in early January.
Source: CNBC
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