Warby Parker Inc. (NYSE: WRBY) shares skyrocketed 20.18% in pre-market trading on Thursday following the release of its second-quarter earnings report, which showcased robust revenue growth and an improved full-year outlook. The direct-to-consumer eyewear company managed to outperform market expectations in several key areas, despite a slight miss on earnings per share.

The company reported quarterly sales of $214.475 million, surpassing the analyst consensus estimate of $212.983 million by 0.70%. This represents a strong 13.95% increase compared to the same period last year. While Warby Parker posted a loss of $(0.01) per share, missing the analyst estimate of $0.03 profit, investors appeared more focused on the company's revenue growth and positive forward guidance. The Adjusted EBITDA rose to $25 million, exceeding the estimate of $21.7 million, with an improved Adjusted EBITDA Margin of 11.7%.

Warby Parker's management expressed confidence in the company's trajectory by raising its full-year 2025 outlook. The updated guidance projects net revenue between $880 million to $888 million, indicating an anticipated growth of approximately 14% to 15%. Additionally, the company reported a 9% increase in active customers on a trailing 12-month basis and plans to open 45 new stores this year, including five shop-in-shops at select Target locations. These expansion plans, coupled with improvements in profitability metrics, seem to have bolstered investor confidence. However, the company also announced that CFO Steve Miller will be stepping down effective October 1, 2025, with Co-Founder and Co-CEO Dave Gilboa temporarily assuming financial leadership roles. Despite this leadership change, the market's overwhelmingly positive reaction to the earnings report suggests that investors are optimistic about Warby Parker's growth prospects and financial performance.