cnbc.com/2022/08/11/warby-parker-wrby-reports-q2-2022-losses.html
Warby Parker reported a narrower-than-expected loss in its fiscal second quarter. Chief Financial Officer Steve Miller said the eye glasses maker is facing an "uncertain macroeconomic environment" Warby Parker joined the slew of retailers that have cut their financial forecasts for the year.

Warby has cut 63 jobs, representing about 2% of its total employee base and 15% of corporate positions. "We are taking a disciplined approach to managing costs to set us up for sustainable growth and profitability," a spokesperson said. Warby shares rose less than 1% extended trading.

Warby's loss for the three-month period ended June 30 widened to $32.2 million, or 28 cents per share. As of Wednesday's market close, the stock had tumbled nearly 70% year to date. Warby's revenue for the quarter was $149.6 million.

Sales grew roughly 14% to $149.6 million. Excluding one-time items, it lost a penny a share. The company said its count of active customers increased 8.7% to 2.26 million. It said the increase was due to loyal customers spending more.

For fiscal 2022, Warby is now calling for sales to be within a range of $584 million to $595 million. It defines customers as people who have made at least one purchase of any product or service from Warby in the previous 12-month period. In its latest quarter, War by said it opened nine stores, bringing its total count of brick andmortar locations to 178.
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