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Warby Parker Inc. (WRBY) is a mission-driven lifestyle brand that operates at the intersection of design, technology, healthcare, and social enterprise. The company designs and sells high-quality prescription and non-prescription eyewear, including glasses, sunglasses, and contact lenses, while also providing optical services such as eye exams and vision tests. Leveraging a direct-to-consumer model, Warby Parker integrates technology and social impact into its operations to deliver accessible and affordable vision care.
- Eyewear - Designs and sells prescription and non-prescription glasses, sunglasses, and contact lenses, offering stylish and affordable options for customers.
- Vision Care/Services and Other - Provides optical services such as eye exams, vision tests, and eyewear accessories, along with additional services like expedited shipping and lens replacements.
Recent press releases and 8-K filings for WRBY.
Guidance Update
Product Launch
New Projects/Investments
- Warby Parker revised its revenue growth guidance to 12%-14% for Q2 and 13%-15% for the full year, a slight moderation from earlier projections due to macroeconomic uncertainties.
- The company announced a partnership with Google to develop AI-powered smart glasses, with details on product release and potential revenue opportunities expected in the coming months.
- To mitigate tariff impacts, Warby Parker is reallocating its supply chain and reducing reliance on China to under 10% of product sourcing by year-end, alongside selective price increases.
- The firm is set to expand its physical footprint by opening 45 new stores this year, including five in a Target partnership, emphasizing densification in existing markets and favorable store performance metrics.
3 days ago
New Projects/Investments
Product Launch
- Warby Parker Inc. announced a strategic partnership with Google to develop AI-powered smart glasses designed for all-day wear, marking its first eyewear collaboration on the Android XR platform.
- Under the agreement, Google will commit up to $75 million for product development and commercialization, and may also invest up to an additional $75 million subject to milestone achievements.
May 20, 2025, 12:00 AM