Warby Parker stock jumps 27% on strong revenue and AI glasses progress
Updated
Updated · MarketWatch · May 7
Warby Parker stock jumps 27% on strong revenue and AI glasses progress
12 articles · Updated · MarketWatch · May 7
The shares rose to $28 after first-quarter revenue increased 8.3% to $242.4 million, beating estimates, while annual guidance was maintained at $959 million to $976 million.
Net income slipped to $3.18 million from $3.47 million and earnings of 3 cents a share missed forecasts, but active customers grew 4.8% to 2.69 million.
Average revenue per customer rose 6.9% to $331, and co-chief executive Neil Blumenthal said Warby Parker aims to launch all-day wearable intelligent AI glasses.
Is Warby Parker's AI glasses ambition a brilliant pivot or a dangerous, overvalued bubble for investors?
Can Warby Parker solve the critical privacy flaws that have so far prevented the mass adoption of smart glasses?
As it chases an AI future, why is Warby Parker betting on physical stores over its signature Home Try-On program?