Warby Parker co-CEO: Contacts business seeing 'massive growth'

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Warby Parker Nouvelles

Dave Gilboa,Massive Growth

Warby Parker shares (WRBY) move higher into positive territory Thursday morning after the company raised its full-year guidance as its e-commerce sales grew....

) move higher into positive territory Thursday morning after the company raised its full-year guidance as its e-commerce sales grew. The eyeglass retailer posted mixed second quarter results of $188.2 million in revenue and an adjusted loss of $0.06 per share .

"We know that around 40% of our glasses customers wear contacts, and it was the most requested item before we offered it, people wanted to buy a glasses and contacts at the same time, and now we offer that. And we're seeing really rapid growth, contacts growing around 40% year-over-year and are excited to continue to scale that business as more people are perhaps even trying to look or lean into their insurance," Gilboa highlights.

Um There's no question that uh many consumers are, are feeling uh pinched and um and, and are being more thoughtful around where they're spending dollars.So our average uh household income is over $100,000.Um And so we're seeing a more intentional consumer uh where a higher percentage of our customers are starting with an eye exam and then, and then buying glasses versus uh kind of casually shopping and, and coming in with bags from lots of other stores.

Um Now buying a pair of glasses or getting an exam is not something that uh most people um uh undergo uh every every month or every quarter. Um We're in network uh with uh United Health and we announced earlier this year that we're adding um all uh ver um Verant Health, uh uh uh uh um members will be able to use their in-network benefits at Warby Parker and that integration is underway.And uh if you go to Warby parker.

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