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Warby Parker Inc

Warby Parker Inc

WRBY
$26.41USD↓-4.28%-1.18 today

MARKET CAP

3.2B

P/E (TTM)

67.2x

FWD P/E

45.3x

DAY RANGE

$26 – $29

52W RANGE

$15
$31

AI Summary

Stalk
Buy NowMedium

WRBY remains in a Stage 2 advancing uptrend with a clear HH/HL structure and rising EMAs. The recent mild pullback into the rising 9/21 EMAs offers a favorable entry opportunity. Volume patterns and controlled volatility confirm trend health, while neutral RSI and Options Score indicate no near-term exhaustion. Despite moderate transition risk at resistance, price action supports continuation.

  • ↑Revenue grew 8.3% YoY to $242.4M in Q1 2026
  • ↑Launching AI-powered eyewear with Google/Samsung to drive category growth
  • ↓Earnings Yield negative and low profitability scores indicate inefficiency
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The case for & against

Bull & Bear analysis

Bullish

Warby Parker Inc. (NYSE: WRBY) is a leading eyewear retailer that has disrupted the traditional optical market through its innovative direct-to-consumer model. The company provides high-quality, stylish prescription glasses and sunglasses at accessible price points, emphasizing both online and in-store shopping experiences. Warby Parker is committed to technological advancements, exemplified by its upcoming launch of intelligent eyewear in collaboration with Google and Samsung, which aligns with the growing trend toward wearable technology.

Bull says

  • ↑Revenue grew 8.3% YoY to $242.4M in Q1 2026
  • ↑Launching AI-powered eyewear with Google/Samsung to drive category growth
  • ↑Plans to open 50 new stores in 2026 expand retail footprint
  • ↑Active customers rose 4.8% YoY to 2.7M; average spend up 4.8%
  • ↑Strong liquidity with $288M cash balance and $100M buyback authorization
  • ↑High growth and positive analyst revision scores indicate strong sentiment

Bear says

  • ↓Earnings Yield negative and low profitability scores indicate inefficiency
  • ↓Tariff-driven cost uncertainty may compress margins
  • ↓High valuation and negative dividend yield signal potential overpricing
  • ↓Soft demand among younger consumers risks sales growth
  • ↓Intense competition from Luxottica, Zenni and others pressures pricing
  • ↓Profitability challenges and high valuation expose stock to volatility

Investment themes with WRBY

eTailing↑ +1.65%

Online retail and e-commerce platforms

SHOP · CVNA · EBAY

Earnings Call · Q1 2026 · Mgmt. Guidance

Updated 05-11-2026neutral

Transcript signals

Bull points

  • In the first quarter, we delivered top and bottom line results that exceeded our guidance. Revenue reached 242 million, representing 8.3% year-over-year growth, and adjusted EBITDA was 30 million, reflecting a 12.2% margin.
  • our performance underscores that customers continue to choose Warby Parker for our compelling value proposition, exceptional products, and differentiated shopping experiences, a combination that positions us well to continue to drive sustained market share gains over time.
  • We are encouraged by the progress we are making across all three of these priorities, as well as the momentum we are seeing quarter to date.

Bear points

  • As we shared on our last call, The quarter was impacted by periods of extreme winter weather, store closures, and continued softness in category traffic and unit demand.
  • e-commerce revenue was $63.6 million, down 4.1% year-over-year due to lapping, a period that included home try-on.
  • adjusted gross margin was 54.2%, 220 basis points below last year. As expected, the decrease in adjusted gross margin was primarily driven by deleverage in the fixed expenses portion of gross margin, which includes doctor headcount and occupancy, as well as the impact of tariff costs related to glasses and increased optical lab and shipping costs.
Read full transcript analysis ›