Warby Parker narrowed its losses in the third quarter, reporting net loss improved 73.8% year over year to $23.8 million, while operating loss fell 74.3% to $23.7 million. The net loss improvement was primarily due to a decrease in SG&A expenses from the prior year related to its direct listing. On a two-year basis, both net loss and operating loss narrowed by 42.7%.
The DTC eyewear brand reported third quarter revenues increased 8.3% from the year-ago period to $148.8 million, according to a company press release.
From the third quarter last year, Warby Parker grew its active customer base by 5.1% to 2.26 million. The brand’s customer base was essentially flat compared to the prior quarter this year.
Source: Retail Dive
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