Warby Parker(NYSE) WRBY

Warby Parker Inc. sells affordable prescription glasses and sunglasses. People can shop for eyewear online or in physical stores. The company also provides eye exams and vision tests.

Glasses, Contacts, and Exams

• Eyewear: Prescription and non-prescription glasses and sunglasses; includes lens replacements and accessories.
• Eye Care Services: Professional eye exams and vision tests through physical stores and digital apps.
• Contact Lenses: Assortment of daily and monthly contacts sold via multiple channels.

Where Is the Company Growing?

• Announced a partnership with Google in the second quarter of 2025 to develop AI-enabled glasses.
• Authorized a $100 million share repurchase program in Feb. 2026.
• Opened 15 net new retail stores in the three months ended June 30, 2026.
• Expanded in-person eye exam availability to 315 retail locations.

Designing for Better Vision

Warby Parker uses a direct-to-consumer model and in-house design to lower costs for shoppers. The company operates as a public benefit corporation and has provided over 25 million pairs of glasses to people in need.

Financial Results for 2026

• Net revenue was $235.5 million in the three months ended June 30, 2026, up 9.8% year over year.
• Gross margin reached 57.9% in the three months ended June 30, 2026, up 490 basis points year over year.
• Net income hit $4.6 million in the three-month period ended June 30, 2026.
• Active customers grew to 2.7 million in the trailing 12-month period ended June 30, 2026.
• Average revenue per customer rose to $336 in the three months ended June 30, 2026.

Bottom Line

Warby Parker has evolved from an online retailer into a healthcare-focused brand with hundreds of physical locations. Its focus on omnichannel convenience and vision services supports its growth in the optical market.