Warby Parker(NYSE) WRBY

Warby Parker Inc. NYSE:WRBY 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.