Warby Parker Shares Surge 22% Following Strong Q3 Results and Smart Glasses Announcement
Warby Parker (WRBY) shares jumped over 22% on Thursday following a strong third-quarter earnings report and the announcement of an upcoming product launch. The eyewear company reported a 10.4% year-over-year revenue increase to $244.7 million, driven by store expansions and growing customer spending. EBITDA for the quarter rose 11% to $28.6 million. The stock's momentum is largely fueled by the upcoming release of 'Intelligent Eyewear,' a line of AI-powered smart glasses developed in partnership with Samsung and Google. Pre-orders for these voice-activated devices are scheduled to begin on November 12, with deliveries expected during the holiday season. Management has raised its full-year revenue outlook to as much as $976 million.
Tickers: $WRBY
Topics: earnings report product launch retail expansion revenue growth
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