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  "documentTitle": "Warby Parker | Results Presentation Deck | 28 slides",
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  "authorName": "Warby Parker",
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  "sourceTypeLabel": "Investor relations",
  "presentationDate": "2022-11-01 00:00:00",
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      "text": "Sep YTD Adjusted EBITDA ($M) and Adjusted EBITDA Margin (%)\n$6.6 2.4% Sep YTD'20\n$31.3 7.7% Sep YTD'21\n$18.6 4.1% Sep YTD'22",
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      "text": "Q3 Adjusted EBITDA ($M) and Adjusted EBITDA Margin (%)\n$5.4 5.2% Q3'20\n$11.2 8.1% Q3'21\n$11.9 8.0% Q3'22",
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      "kind": "list",
      "text": "Key Takeaways\nQ3 2022 Highlights\nAdjusted EBITDA margin(1) of 8.0%, down 0.1 pts from Q3'21\nAdjusted gross margin (1) was 56.9% compared to 58.7% in Q3'21, primarily driven by increased penetration of contacts reflecting strategy to grow contact lens offering\nAdjusted SG&A(1) at 55.2% of revenue driven by headcount growth in retail and investments in corporate overhead to support initiatives and operating as a public company\nYear-to-date 2022 Highlights\nAdjusted EBITDA margin(1) 4.1%, down 3.6 pts from September YTD'21\nAdjusted gross margin (1) was 57.8% compared to 59.4% in September YTD'21\nAdjusted SG&A(1) as a percent of revenue of 59.1% compared to 55.5% in September YTD'21",
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      "kind": "source-note",
      "text": "(1) Adjusted EBITDA, Adjusted EBITDA Margin, Adjusted Gross Margin, and Adjusted SG&A are non-GAAP measures. See the appendix for reconciliations to the nearest GAAP metrics",
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      "kind": "table",
      "text": "% of Revenue Sep YTD'20 Sep YTD'21 Sep YTD'22\nAdj. Gross Margin % (1) 59.4% 59.4% 57.8%\nAdj. SG&A %(1) 61.8% 55.5% 59.1%",
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      "kind": "table",
      "text": "% of Revenue Q3'20 Q3'21 Q3'22\nAdj. Gross Margin % (1) 61.5% 58.7% 56.9%\nAdj. SG&A %(1) 60.5% 54.6% 55.2%",
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      "kind": "title",
      "text": "ADJUSTED EBITDA PERFORMANCE",
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