Earnings

Warby Parker (WRBY) reports Q4 2021 losses

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A customer tries on glasses at a Warby Parker store in Los Angeles.

Michael Buckner | Getty Images

Warby Parker shares sunk in premarket trading Thursday after the eyewear retailer 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 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.

The stock was recently down around 20%. It fell further once the company kicked off a conference call with analysts, following the quarterly…



Source cnbc.com

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