{ "docId": "019de517-9094-7378-b2f9-4768a8b936e0", "docSlug": "6a2c990fa340124956200694593c5100", "documentTitle": "Warby Parker | Results Presentation Deck | 26 slides", "authorId": "warby-parker", "authorName": "Warby Parker", "documentKindSlug": "conference-presentation", "documentKindLabel": "Conference presentation", "sourceTypeSlug": "investor_relations", "sourceTypeLabel": "Investor relations", "presentationDate": "2023-11-01 00:00:00", "orientation": "landscape", "aspectRatio": 1.7794254, "pageNumber": 25, "pageCount": 26, "prevPage": 24, "nextPage": 26, "slideType": "other", "function": "analyze_data", "density": "dense", "nDataPoints": 108, "notes": null, "elementsJson": null, "metadataConfidence": 1, "imagePath": null, "slideHref": "/slides/019de517-9094-7378-b2f9-4768a8b936e0/25", "deckHref": "/decks/019de517-9094-7378-b2f9-4768a8b936e0", "deckJsonHref": "/decks/019de517-9094-7378-b2f9-4768a8b936e0.json", "deckAnchorHref": "/decks/019de517-9094-7378-b2f9-4768a8b936e0#slide-25", "components": [ { "bbox": { "h": 0.04, "w": 0.729, "x": 0.118, "y": 0.123 }, "kind": "paragraph", "text": "The following table reflects a reconciliation of each non-GAAP, or adjusted, financial measure to its most directly comparable financial measure prepared in accordance with GAAP:", "attrs": null, "subkind": "paragraph", "toolName": null, "toolSlug": null, "confidence": null, "componentId": "8a3e34f9-8846-4e2f-8644-74d22d015817", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.119, "w": 0.849, "x": 0.079, "y": 0.838 }, "kind": "source-note", "text": "(1) Represents expenses related to the Company's equity-based compensation programs and related employer payroll taxes, which may vary significantly from period to period depending upon various factors including the timing,\nnumber, and the valuation of awards granted, and vesting of awards including the satisfaction of performance conditions. For the three months ended September 30, 2023 and 2022, the amount includes $0.2 million and $0.1\nmillion, respectively, of employer payroll costs associated with releases of RSUs and option exercises. For both the nine months ended September 30, 2023 and 2022, the amount includes $0.4 million of employer payroll costs\nassociated with releases of RSUS and option exercises.\n(2) Represents charitable expense recorded in connection with the donation of 56,938 shares of Class A common stock to charitable donor advised funds in June 2023 and 178,572 shares of Class A common stock in both August\n2023 and May 2022 to the Warby Parker Impact Foundation.\n(3) Represents costs directly attributable to the preparation for our Direct Listing.\n(4) Represents internal and external non-capitalized costs related to the implementation of our new ERP system.\n(5) Represents employee severance and related costs for our restructuring plan that was executed in August 2022.\n(6) The adjusted provision for income taxes is based on long-term estimated annual effective tax rate of 29.46% in 2023 and 2022 and 29.94% in 2021. The Company may adjust its adjusted tax rate as additional information\nbecomes available or events occur which may materially affect this rate, including impacts from the rapidly evolving global tax environment, significant changes in our geographic mix, merger and acquisition activity, or changes\nin our business outlook.", "attrs": null, "subkind": null, "toolName": null, "toolSlug": null, "confidence": null, "componentId": "81238202-25ea-4005-8e2b-fda80e59621a", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.62, "w": 0.849, "x": 0.079, "y": 0.209 }, "kind": "table", "text": "Unaudited, in thousands\nCost of goods sold\nAdjusted to exclude the following:\nStock-based compensation expense (1)\nAdjusted cost of goods sold\nGross profit\nAdjusted to exclude the following:\nStock-based compensation expense (1)\nAdjusted gross profit\nSelling, general, and administrative expenses\nAdjusted to exclude the following:\nStock-based compensation expense (1)\nNon-cash charitable donation (2)\nTransaction costs (3)\nERP implementation costs (4)\nRestructuring costs (5)\nAdjusted selling, general, and administrative expenses\nNet loss\nProvision for income taxes\nLoss before income taxes\nAdjusted to exclude the following:\nStock-based compensation expense (1)\nNon-cash charitable donation(2)\nTransaction costs(3)\nERP implementation costs (4)\nRestructuring costs (5)\nAdjusted provision for income taxes (6)\nAdjusted net income (loss)\nLess: undistributed adjusted net income attributable to participating securities\nAdjusted net income (loss) attributable to common stock\nAdjusted weighted average shares - diluted\nAdjusted diluted earnings (loss) per share", "attrs": null, "subkind": "data", "toolName": null, "toolSlug": null, "confidence": null, "componentId": "3d2d77de-392e-4501-aa46-55b601c8b558", "frameworkName": null, "frameworkSlug": null } ], "metrics": [], "tools": [], "frameworks": [], "arcBeats": [ { "to": 26, "from": 15, "beatId": "1deefef5-7f5d-4129-b105-4008d0ddb165", "arcName": "The Sparkline", "arcSlug": "sparkline", "beatName": "Resolution", "beatSlug": "resolution", "evidence": "The presentation concludes with additional details, appendices, and a thank-you note, providing further context and support for its claims.", "position": 3, "confidence": 0.8, "parentBeatName": null, "parentBeatSlug": null } ], "loops": [ { "to": 26, "from": 15, "name": "So What Cascade", "slug": "41-so-what-cascade", "bestFor": "Data presentations, executive summaries, driving to recommendations", "matchId": "35b3e56b-fcd2-49e8-a839-85a04df09dac", "evidence": "The presentation provides additional details and appendices to support its claims and provide further context.", "position": 2, "objective": "Provide additional context and support for claims", "structure": "The Data -> So What? (Insight 1) -> So What? (Insight 2) -> So What? (The Action)", "confidence": 0.6, "description": "Chain insights together, each answering 'so what?' until you reach the actionable conclusion" } ], "imagePathAlt": null, "thumbSrc": null, "thumbSrcAlt": null, "locked": true }