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 return on equity of 2.32% and a net margin of 0.15%.The company had revenue of $242.45 million for the quarter, compared to analyst estimates of $239.44 million. During the same quarter last year, the business earned $0.03 earnings per share. The company’s revenue was up 8.4% on a year-over-year basis.

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

NYSE:WRBY traded up $2.32 during trading hours on Friday, reaching $29.52. 4,176,843 shares of the company were exchanged, compared to its average volume of 2,460,305. The business has a 50 day moving average of $23.31 and a 200 day moving average of $23.08. Warby Parker has a 1-year low of $14.96 and a 1-year high of $31.00. The company has a market capitalization of $3.16 billion, a P/E ratio of 1,476.54 and a beta of 1.95.

Analyst Upgrades and Downgrades

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

Key Headlines Impacting Warby Parker

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

Insiders Place Their Bets

In related news, CEO Neil Harris Blumenthal sold 22,442 shares of the business’s stock in a transaction dated Monday, April 20th. The stock was sold at an average price of $25.09, for a total value of $563,069.78. Following the completion of the transaction, the chief executive officer owned 50,165 shares of the company’s stock, valued at $1,258,639.85. The trade was a 30.91% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Bradley E. Singer sold 15,793 shares of the company’s stock in a transaction dated Wednesday, March 4th. The stock was sold at an average price of $27.53, for a total transaction of $434,781.29. Following the sale, the director directly owned 16,026 shares of the company’s stock, valued at $441,195.78. This represents a 49.63% decrease in their position. The SEC filing for this sale provides additional information. Over the last quarter, insiders have sold 115,793 shares of company stock valued at $2,901,550. Corporate insiders own 18.24% of the company’s stock.

Hedge Funds Weigh In On Warby Parker

Several hedge funds and other institutional investors have recently made changes to their positions in WRBY. NewEdge Advisors LLC lifted its holdings in shares of Warby Parker by 56.7% during the 3rd quarter. NewEdge Advisors LLC now owns 2,350 shares of the company’s stock worth $65,000 after acquiring an additional 850 shares during the period. State of Tennessee Department of Treasury bought a new position in Warby Parker in the second quarter valued at approximately $126,000. Headlands Technologies LLC raised its position in Warby Parker by 981.3% during the second quarter. Headlands Technologies LLC now owns 6,077 shares of the company’s stock valued at $133,000 after purchasing an additional 5,515 shares in the last quarter. Captrust Financial Advisors bought a new stake in Warby Parker during the second quarter worth $227,000. Finally, DRW Securities LLC bought a new stake in Warby Parker during the fourth quarter worth $229,000. 93.24% of the stock is currently owned by institutional investors and hedge funds.

Warby Parker Company Profile

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.