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WASHINGTON - Monumental Sports & Entertainment (MSE) announced Tuesday that Steven Miller, currently Chief Financial Officer and Treasurer at Warby Parker (NYSE:WRBY), will become its Executive Vice President and Chief Financial Officer effective October 2, 2025.
Miller, who has served as Warby Parker’s CFO since 2011, will report directly to Ted Leonsis, Founder, Chairman, Managing Partner, and CEO of MSE. Under Miller’s leadership, Warby Parker has achieved impressive 14% revenue growth over the last twelve months and maintained strong financial health, according to InvestingPro data. In his new role, Miller will lead MSE’s finance organization, overseeing corporate real estate, controllership, financial planning, tax, treasury functions, and assist with corporate development efforts.
"Steve brings exceptional financial and capital markets experience, having worked with one of the most recognized consumer retail brands, and possesses a strong corporate fundraising and IPO background," said Ted Leonsis in the announcement.
At Warby Parker, Miller managed the company’s funding rounds and its direct listing on the New York Stock Exchange in September 2021. Under his financial stewardship, the company has maintained a strong balance sheet with more cash than debt, and its stock has delivered a remarkable 92% return over the past year. His previous experience includes serving as Chief Financial Officer at Majestic Research and as Vice President in Comerica Bank’s Technology and Life Sciences Division. For detailed analysis and additional insights on Warby Parker’s performance, investors can access the comprehensive Pro Research Report available on InvestingPro, which covers over 1,400 US stocks.
Miller holds a Bachelor of Arts degree in Political Science from Columbia University and serves as a board trustee of Cooper Hewitt, Smithsonian Design Museum.
The appointment follows the previously announced transition of Peter Biché, who moved from CFO to Senior Advisor after 25 years with the company. Biché will continue in his advisory role to complete the transition of duties after Miller joins.
Monumental Sports & Entertainment, which describes itself as one of the nation’s leading integrated sports and entertainment companies, retained Heidrick & Struggles to conduct the CFO search, according to the press release statement.
In other recent news, Warby Parker Inc. reported its second-quarter 2025 results, showing a revenue increase to $214.5 million, exceeding forecasts of $212.94 million. Despite this revenue growth, the company posted a loss per share of $0.01, falling short of the expected earnings per share of $0.08. Analysts from Citizens JMP maintained a Market Perform rating on Warby Parker, noting that the company’s EBITDA exceeded the high-end of guidance by $3 million. BTIG raised its price target for Warby Parker to $28.00 from $24.00, citing a strong performance in the second quarter and momentum in revenue. Stifel also adjusted its price target to $22.00 from $21.00, reflecting an improved outlook following the company’s first-quarter performance. The company benefited from stronger new customer acquisition and reduced corporate expenses, contributing to a positive outlook. These developments highlight Warby Parker’s strategic efforts and the resulting investor optimism.
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