Warby Parker (WRBY) Q2 2026 Earnings Call Transcript

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DATE

Thursday, Aug. 6, 2026 astatine 8:00 a.m. ET

CALL PARTICIPANTS

• Head of Investor Relations - Jaclyn Bradbury

• Co-Founder and Co-Chief Executive Officer - Neil Blumenthal

• Co-Founder and Co-Chief Executive Officer - Dave Gilboa

• Chief Financial Officer - Adrian Mitchell

Full Conference Call Transcript

Operator: Hello, everyone, and convey you for joining us, and invited to the Warby Parker Inc. Second Quarter 2026 Earnings Conference Call. [Operator Instructions] I volition present manus the league implicit to Jaclyn Berkley -- apologies, Head of Investor Relations. Please spell ahead.

Jaclyn Berkley: Thank you, and bully morning, everyone. Here with maine contiguous are Neil Blumenthal and Dave Gilboa, our Co-Founders and Co-CEOs; alongside Adrian Mitchell, our Chief Financial Officer. Before we begin, we person a mates of reminders. Our net merchandise and descent presumption are disposable connected our website astatine investors.warbyparker.com. During this telephone and successful our presentation, we volition beryllium making comments of a forward-looking nature. Actual results whitethorn disagree materially from those expressed oregon implied arsenic a effect of assorted risks and uncertainties. For much accusation astir immoderate of these risks, delight reappraisal the company's SEC filings, including the conception titled Risk Factors successful the company's latest yearly study connected Form 10-K.

These forward-looking statements are based connected accusation arsenic of August 6, 2026, and but arsenic required by law, we presume nary work to publically update oregon revise our forward-looking statements. Additionally, we volition beryllium discussing definite non-GAAP fiscal measures. These non-GAAP fiscal measures are successful summation to and not a substitute for measures of fiscal show prepared successful accordance with U.S. GAAP. A reconciliation of our non-GAAP measures to the astir straight comparable U.S. GAAP measures tin beryllium recovered successful this morning's property merchandise and our descent platform disposable connected our IR website. And with that, I'll walk it implicit to Neil to footwear america off.

Neil Blumenthal: Thank you, Jaclyn, and bully morning. In Q2, we generated $236 cardinal successful revenue, representing astir 10% year-over-year growth, portion continuing to marque advancement against our halfway concern initiatives, peculiarly successful oculus exams, security and e-commerce. We besides accelerated concern successful the gait of enactment crossed the concern arsenic we hole to motorboat our Intelligent Eyewear postulation this fall. Adjusted EBITDA was astir $33 cardinal oregon a 14% margin, including an $11.8 cardinal payment from tariff refunds, which was partially utilized to offset strategical investments successful the concern arsenic we hole to motorboat Intelligent Eyewear.