Warby Parker (NYSE:WRBY) Announces Quarterly Earnings Results

Warby Parker (NYSE:WRBY) issued its quarterly earnings data on Thursday. The company reported $0.03 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.11 by ($0.08), FiscalAI reports. Warby Parker had a net margin of 0.15% and a return on equity of 2.32%. The firm had revenue of $242.45 million during the quarter, compared to analyst estimates of $239.44 million. During the same period last year, the business earned $0.03 EPS. The firm’s revenue was up 8.4% compared to the same quarter last year.

Here are the key takeaways from Warby Parker’s conference call:

• Q1 results beat guidance — revenue was $242.4M (up 8.3% YoY) and adjusted EBITDA was $29.6M (12.2% margin), demonstrating resilience despite winter weather and soft category demand.
• Full?year 2026 guidance reaffirmed — management expects $959M–$976M revenue (?10%–12% growth) and $117M–$119M adjusted EBITDA, with the outlook excluding AI glasses revenue but including pre?launch costs.
• AI glasses launch planned later this year — Warby Parker is partnering with Google and Samsung, investing in supply chain, lab capacity, retail experience and systems; launch economics and revenue are not included in current guidance.
• Omni?channel expansion and eye care traction — opened 14 net stores in Q1 (on track for 50 in 2026), exams grew ~30% YoY, active customers reached 2.7M and insurance penetration rose to ~10%, supporting higher AOV and lifetime value.
• Near?term margin pressure — adjusted gross margin declined 220 bps to 54.2% due to fixed cost deleverage (doctor headcount, occupancy), tariffs, and lab/shipping costs, though management expects tariff tailwinds and operational initiatives to help later in the year.

Warby Parker Price Performance

WRBY traded up $2.32 during trading hours on Friday, hitting $29.52. 4,176,843 shares of the stock were exchanged, compared to its average volume of 2,460,305. The stock has a 50-day simple moving average of $23.31 and a 200-day simple moving average of $23.08. Warby Parker has a 12 month low of $14.96 and a 12 month high of $31.00. The stock has a market cap of $3.16 billion, a price-to-earnings ratio of 1,476.54 and a beta of 1.95.

Insider Buying and Selling at Warby Parker

In related news, CEO Neil Harris Blumenthal sold 75,213 shares of the firm’s stock in a transaction on Friday, April 17th. The stock was sold at an average price of $24.56, for a total transaction of $1,847,231.28. Following the transaction, the chief executive officer directly owned 50,165 shares in the company, valued at $1,232,052.40. This trade represents a 59.99% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Bradley E. Singer sold 15,793 shares of the firm’s stock in a transaction on Wednesday, March 4th. The stock was sold at an average price of $27.53, for a total value of $434,781.29. Following the transaction, the director owned 16,026 shares in the company, valued at $441,195.78. This trade represents a 49.63% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 115,793 shares of company stock worth $2,901,550 over the last 90 days. 18.24% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Warby Parker

Several large investors have recently added to or reduced their stakes in the company. NewEdge Advisors LLC lifted its stake in Warby Parker by 56.7% in the third quarter. NewEdge Advisors LLC now owns 2,350 shares of the company’s stock valued at $65,000 after buying an additional 850 shares during the last quarter. State of Tennessee Department of Treasury bought a new stake in Warby Parker in the second quarter valued at $126,000. Headlands Technologies LLC lifted its stake in Warby Parker by 981.3% in the second quarter. Headlands Technologies LLC now owns 6,077 shares of the company’s stock valued at $133,000 after buying an additional 5,515 shares during the last quarter. Captrust Financial Advisors bought a new stake in Warby Parker in the second quarter valued at $227,000. Finally, DRW Securities LLC bought a new stake in Warby Parker in the fourth quarter valued at $229,000. 93.24% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on WRBY shares. Telsey Advisory Group raised their price target on shares of Warby Parker from $32.00 to $33.00 and gave the stock an “outperform” rating in a research report on Friday. UBS Group raised their price target on shares of Warby Parker from $25.00 to $27.00 and gave the stock a “neutral” rating in a research report on Friday. Citigroup raised their price target on shares of Warby Parker from $18.00 to $24.00 and gave the stock a “neutral” rating in a research report on Tuesday, March 17th. Weiss Ratings downgraded shares of Warby Parker from a “hold (c-)” rating to a “sell (d)” rating in a research report on Monday, March 2nd. Finally, BTIG Research raised their price target on shares of Warby Parker from $32.00 to $34.00 and gave the stock a “buy” rating in a research report on Thursday. Ten equities research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, Warby Parker presently has a consensus rating of “Moderate Buy” and an average target price of $29.00.

Warby Parker News Summary

Here are the key news stories impacting Warby Parker this week:

• Positive Sentiment: Warby Parker reported Q1 revenue of $242.45 million, topping estimates, and said revenue grew 8.4% year over year, signaling solid demand. Warby Parker Announces First Quarter 2026 Results
• Positive Sentiment: The company posted Q1 earnings of $0.12 per share, matching year-ago results and beating Wall Street expectations, reinforcing that profitability is holding up better than feared. Warby Parker Inc. (WRBY) Surpasses Q1 Earnings and Revenue Estimates
• Positive Sentiment: Management said active customers rose 4.8% to 2.69 million and average revenue per customer increased 6.9%, both signs of healthy customer growth and monetization. Warby Parker Announces First Quarter 2026 Results
• Positive Sentiment: Warby Parker guided FY2026 revenue to $959 million-$976 million, a range investors are treating as supportive even though it is slightly below consensus, and the company also generated net income of $3.2 million. Warby Parker Announces First Quarter 2026 Results
• Positive Sentiment: Analysts turned more constructive after earnings, with BTIG raising its price target to $34 and Telsey lifting its target to $33, both with bullish ratings. BTIG Research price target update
• Positive Sentiment: Telsey Advisory Group also upgraded its view to “outperform,” citing roughly 13.7% upside from the recent trading level. Telsey Advisory Group price target update

About Warby Parker

Warby Parker, Inc (NYSE: WRBY) is a U.S.-based eyewear company that designs, manufactures and sells prescription glasses, sunglasses and contact lenses through a direct-to-consumer model. Since its founding, the company has combined online and brick-and-mortar channels to streamline the customer experience, offering features such as virtual try-on technology and a home try-on program that allows consumers to sample frames before purchase.

Established in 2010 by Wharton graduates Neil Blumenthal, Dave Gilboa, Andrew Hunt and Jeffrey Raider, Warby Parker set out to disrupt the traditional optical market by controlling the entire supply chain—from frame design and lens production to warehousing and distribution.