Eyewear retailer Warby Parker has raised its full-year outlook after reporting an uplift in sales for the second quarter.

The company’s total revenue rose 13.3 per cent year-on-year to $188.2 million, while GAAP net loss reduced by $9.2 million to $6.8 million. Adjusted EBITDA increased by $5.4 million to $19.6 million.

The number of active customers rose 4.5 per cent to 2.39 million, and average revenue per customer increased 8.8 per cent. The chain opened 11 net new stores, ending the quarter with 256 locations.

“Our strong results demonstrate Team Warby’s ability to drive sustainable growth,” said co-founder and co-CEO Neil Blumenthal. 

“Amidst strategic reinvestment in customer acquisition, store expansion, proprietary technology, and more, we’re still expanding the bottom line and delivering value for our stakeholders,” Blumenthal added.

For FY24, the company expects net revenue of $757-762 million, representing a 13-14 per cent, compared to the previous guidance range of $753-761 million. Adjusted EBITDA is forecast to reach $72.5 million.

The firm is on track to open 40 new stores this year.