WRBY Stock Recent News

Warby Parker (WRBY) shares have started gaining and might continue moving higher in the near term, as indicated by solid earnings estimate revisions.

Does Warby Parker Inc. (WRBY) have what it takes to be a top stock pick for momentum investors? Let's find out.

Panagora Asset Management Inc. lifted its stake in Warby Parker Inc. (NYSE:WRBY – Free Report) by 0.4% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 198,671 shares of the company’s stock after purchasing an additional 847 shares during the quarter. Panagora Asset Management Inc. owned about 0.20% of Warby Parker worth $2,801,000 at the end of the most recent reporting period. Several other large investors have also recently modified their holdings of the stock. FMR LLC increased its position in Warby Parker by 0.5% during the third quarter. FMR LLC now owns 9,277,969 shares of the company’s stock valued at $122,098,000 after acquiring an additional 43,601 shares during the last quarter. Vanguard Group Inc. grew its holdings in Warby Parker by 2.9% during the 3rd quarter. Vanguard Group Inc. now owns 7,850,634 shares of the company’s stock valued at $103,314,000 after purchasing an additional 219,160 sh

Neil Blumenthal and Dave Gilboa, Warby Parker co-founders and co-CEOs, join ‘Squawk Box' to discuss the state of the eyewear industry, the company's brick-and-mortar expansion strategy, strength of the consumer, and more.

Warby beat estimates on the top line. The company raised both revenue and EBITDA guidance.

While the top- and bottom-line numbers for Warby Parker (WRBY) give a sense of how the business performed in the quarter ended March 2024, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.

Warby Parker's growth outlook remains positive, with expected growth in FY24 at the high end and mid-teens growth in FY25/26. The company reported strong financials, with net sales beating expectations and active customer growth improving sequentially. Management plans to increase marketing spend and focus on customer acquisition efficiency, supporting future growth.

While the top- and bottom-line numbers for Warby Parker Inc. (WRBY) give a sense of how the business performed in the quarter ended December 2023, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.

Warby Parker beat expectations on its top line. However, lower profitability is raising questions over the quality of growth.

Warby Parker, Inc. (WRBY) Q3 2023 Earnings Call Transcript