Warby Parker Inc (WRBY)

Overview News Price History Option Chain Why WRBY Down? Discussions Forecast

Why is Warby Parker Inc (WRBY) Stock down?

We've noticed a 5.85% decline in Warby Parker Inc (WRBY) stock during the 2024-04-30 trading session. While this could be attributed to normal volatility or various internal and external factors, please be aware that we are actively monitoring the situation, and we'll provide timely updates as soon as possible!

08 Nov, 2023:

Shares of Warby Parket Inc (WRBY) dropped by 23.99% from $14.30 to $10.87 in the trading on Wednesday, Novemeber 8, 2023. The reasons why WRBY down include:

Earnings Report: Although the company reported higher-than-expected revenue growth of 14.2% in the third quarter, it missed profit expectations with a net loss per share of ($0.15) compared to an expected loss of ($0.12) per share.
Margin Pressure: Warby Parker's gross margin decreased by about two percentage points compared to the previous year, indicating margin challenges caused by increased fixed costs associated with new ventures.
Guidance: While the company raised full-year guidance, its fourth-quarter outlook suggested a slowdown in growth, contributing to investor concerns.
Economic Uncertainty: Amid rising interest rates and economic uncertainty, the company's profit miss didn't sit well with investors.
Consumer Market Challenges: The consumer market's uncertainty due to interest rate hikes has made it challenging for consumer stocks to gain confidence.