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89- Warby Parker - Business Design Teardown
d.MBA
Warby Parker's Profitability
Francis: Warby Parker did make 600 million in revenue, but they also made 100 million in loss. He says the company is doing a bit better this year and it looks like they will cut down 20% loss to 10%. But there are gross margins in this - 55%, which is really good. Francis: It seems that the problem is essentially not on the way the product is positioned and the how the product is sold. So for the last kicker, a boring parker has gone, let go public recently.
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