Warby Parker (WRBY)
Market Price (10/7/2026): $25.33 | Market Cap: $3.1 BilSector: Consumer Discretionary | Industry: Apparel, Accessories & Luxury Goods
Warby Parker (WRBY)
Market Price (10/7/2026): $25.33Market Cap: $3.1 BilSector: Consumer DiscretionaryIndustry: Apparel, Accessories & Luxury Goods
Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.
Strong revenue growthRev Chg LTMRevenue Change % Last Twelve Months (LTM) is 11% Attractive cash flow generationCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 10% Megatrend and thematic driversMegatrends include E-commerce & Digital Retail, Experience Economy & Premiumization, and Sustainable Consumption. Themes include Direct-to-Consumer Brands, Show more. | Meaningful short interestShort Interest % of Basic SharesShort Interest % of Basic Shares = (Short Interest Quantity) / (Basic Shares Outstanding). A high fraction of short interest can indicate potential risk of a short squeeze. is 14% | Expensive valuation multiplesP/EBITPrice/EBIT or Price/(Operating Income) ratio is 2,095x, P/CFOPrice/(Cash Flow from Operations). CFO is cash before capital expenditures. is 34x, P/EPrice/Earnings or Price/(Net Income) is 420x Yield minus risk free rate is negativeERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -3.5% Key risksWRBY key risks include [1] its history of net losses driven by persistently high marketing and administrative expenses. |
| Strong revenue growthRev Chg LTMRevenue Change % Last Twelve Months (LTM) is 11% |
| Attractive cash flow generationCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 10% |
| Megatrend and thematic driversMegatrends include E-commerce & Digital Retail, Experience Economy & Premiumization, and Sustainable Consumption. Themes include Direct-to-Consumer Brands, Show more. |
| Meaningful short interestShort Interest % of Basic SharesShort Interest % of Basic Shares = (Short Interest Quantity) / (Basic Shares Outstanding). A high fraction of short interest can indicate potential risk of a short squeeze. is 14% |
| Expensive valuation multiplesP/EBITPrice/EBIT or Price/(Operating Income) ratio is 2,095x, P/CFOPrice/(Cash Flow from Operations). CFO is cash before capital expenditures. is 34x, P/EPrice/Earnings or Price/(Net Income) is 420x |
| Yield minus risk free rate is negativeERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -3.5% |
| Key risksWRBY key risks include [1] its history of net losses driven by persistently high marketing and administrative expenses. |
Qualitative Assessment
AI Analysis | Feedback
Updated on 10/1/2026
Warby Parker (WRBY) stock has lost about 15% since 6/30/2026 because of the following key factors:
1. Warby Parker missed analyst expectations for fiscal Q2 2026 earnings and provided conservative fiscal Q3 2026 guidance.
On August 6, 2026, Warby Parker announced fiscal Q2 2026 earnings per share (EPS) of $0.04, significantly missing the consensus analyst estimate of $0.10. Revenue for the quarter was $235.51 million, also falling short of analysts' expectations of $237.98 million. Furthermore, the company issued fiscal Q3 2026 revenue guidance of $243 million to $246 million, which was below the consensus forecast of $253.39 million, contributing to investor concern.
2. Strategic investments, despite tariff refunds, pressured short-term profitability.
Warby Parker's adjusted EBITDA for fiscal Q2 2026 was $32.9 million, boosted by an $11.8 million benefit from tariff refunds. However, the company indicated that the total $14.4 million in anticipated 2026 tariff refunds would be reinvested into strategic initiatives such as technology, optical labs, retail operations, and marketing for its upcoming intelligent eyewear launch. This reinvestment, while strategic for long-term growth, implied increased operating expenses that led to a projected fiscal Q3 2026 Adjusted EBITDA margin of approximately 11%, a decrease from Q2's 14% margin, potentially impacting investor sentiment on near-term profitability.
Show more
Warby Parker (WRBY) stock has lost about 15% since 6/30/2026 because of the following key factors:
1. Warby Parker missed analyst expectations for fiscal Q2 2026 earnings and provided conservative fiscal Q3 2026 guidance.
On August 6, 2026, Warby Parker announced fiscal Q2 2026 earnings per share (EPS) of $0.04, significantly missing the consensus analyst estimate of $0.10. Revenue for the quarter was $235.51 million, also falling short of analysts' expectations of $237.98 million. Furthermore, the company issued fiscal Q3 2026 revenue guidance of $243 million to $246 million, which was below the consensus forecast of $253.39 million, contributing to investor concern.
2. Strategic investments, despite tariff refunds, pressured short-term profitability.
Warby Parker's adjusted EBITDA for fiscal Q2 2026 was $32.9 million, boosted by an $11.8 million benefit from tariff refunds. However, the company indicated that the total $14.4 million in anticipated 2026 tariff refunds would be reinvested into strategic initiatives such as technology, optical labs, retail operations, and marketing for its upcoming intelligent eyewear launch. This reinvestment, while strategic for long-term growth, implied increased operating expenses that led to a projected fiscal Q3 2026 Adjusted EBITDA margin of approximately 11%, a decrease from Q2's 14% margin, potentially impacting investor sentiment on near-term profitability.
Show more
Updated on 10/1/2026
Warby Parker (WRBY) stock has lost about 15% since 6/30/2026 because of the following key factors:
1. Warby Parker missed analyst expectations for fiscal Q2 2026 earnings and provided conservative fiscal Q3 2026 guidance.
On August 6, 2026, Warby Parker announced fiscal Q2 2026 earnings per share (EPS) of $0.04, significantly missing the consensus analyst estimate of $0.10. Revenue for the quarter was $235.51 million, also falling short of analysts' expectations of $237.98 million. Furthermore, the company issued fiscal Q3 2026 revenue guidance of $243 million to $246 million, which was below the consensus forecast of $253.39 million, contributing to investor concern.
2. Strategic investments, despite tariff refunds, pressured short-term profitability.
Warby Parker's adjusted EBITDA for fiscal Q2 2026 was $32.9 million, boosted by an $11.8 million benefit from tariff refunds. However, the company indicated that the total $14.4 million in anticipated 2026 tariff refunds would be reinvested into strategic initiatives such as technology, optical labs, retail operations, and marketing for its upcoming intelligent eyewear launch. This reinvestment, while strategic for long-term growth, implied increased operating expenses that led to a projected fiscal Q3 2026 Adjusted EBITDA margin of approximately 11%, a decrease from Q2's 14% margin, potentially impacting investor sentiment on near-term profitability.
3. Significant insider selling activity occurred during the period.
From July to September 2026, Warby Parker insiders collectively sold $16.2 million worth of shares. Notably, Co-CEO David Abraham Gilboa sold 11,504 Class A shares on September 2, 2026. Insider selling of this magnitude can be interpreted by the market as a lack of confidence from company executives, contributing to downward pressure on the stock price.
4. E-commerce revenue stagnation and high valuation concerns.
In fiscal Q2 2026, Warby Parker experienced flat year-over-year e-commerce revenue, primarily due to the phasing out of its Home Try-On program. While the company stated that underlying e-commerce order volume grew in the low double digits excluding this effect, and expects customer growth to improve in Q4, the flat reported figure may have disappointed investors. Additionally, Warby Parker's stock was perceived by some analyses as expensive, with a price-to-sales (P/S) ratio of 3.3x, significantly higher than the US Specialty Retail industry average of 0.4x, suggesting investors were paying a premium for anticipated growth that may have been re-evaluated after the earnings results.
Show less
Warby Parker (WRBY) stock has lost about 15% since 6/30/2026 because of the following key factors:
1. Warby Parker missed analyst expectations for fiscal Q2 2026 earnings and provided conservative fiscal Q3 2026 guidance.
On August 6, 2026, Warby Parker announced fiscal Q2 2026 earnings per share (EPS) of $0.04, significantly missing the consensus analyst estimate of $0.10. Revenue for the quarter was $235.51 million, also falling short of analysts' expectations of $237.98 million. Furthermore, the company issued fiscal Q3 2026 revenue guidance of $243 million to $246 million, which was below the consensus forecast of $253.39 million, contributing to investor concern.
2. Strategic investments, despite tariff refunds, pressured short-term profitability.
Warby Parker's adjusted EBITDA for fiscal Q2 2026 was $32.9 million, boosted by an $11.8 million benefit from tariff refunds. However, the company indicated that the total $14.4 million in anticipated 2026 tariff refunds would be reinvested into strategic initiatives such as technology, optical labs, retail operations, and marketing for its upcoming intelligent eyewear launch. This reinvestment, while strategic for long-term growth, implied increased operating expenses that led to a projected fiscal Q3 2026 Adjusted EBITDA margin of approximately 11%, a decrease from Q2's 14% margin, potentially impacting investor sentiment on near-term profitability.
3. Significant insider selling activity occurred during the period.
From July to September 2026, Warby Parker insiders collectively sold $16.2 million worth of shares. Notably, Co-CEO David Abraham Gilboa sold 11,504 Class A shares on September 2, 2026. Insider selling of this magnitude can be interpreted by the market as a lack of confidence from company executives, contributing to downward pressure on the stock price.
4. E-commerce revenue stagnation and high valuation concerns.
In fiscal Q2 2026, Warby Parker experienced flat year-over-year e-commerce revenue, primarily due to the phasing out of its Home Try-On program. While the company stated that underlying e-commerce order volume grew in the low double digits excluding this effect, and expects customer growth to improve in Q4, the flat reported figure may have disappointed investors. Additionally, Warby Parker's stock was perceived by some analyses as expensive, with a price-to-sales (P/S) ratio of 3.3x, significantly higher than the US Specialty Retail industry average of 0.4x, suggesting investors were paying a premium for anticipated growth that may have been re-evaluated after the earnings results.
Show less
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Stock Movement Drivers
Fundamental Drivers
The -13.5% change in WRBY stock from 6/30/2026 to 10/6/2026 was primarily driven by a -84.9% change in the company's P/E Multiple.| (LTM values as of) | 6302026 | 10062026 | Change |
|---|---|---|---|
| Stock Price ($) | 30.34 | 26.23 | -13.5% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 891 | 912 | 2.4% |
| Net Income Margin (%) | 0.2% | 0.8% | 461.9% |
| P/E Multiple | 2,782.4 | 419.9 | -84.9% |
| Shares Outstanding (Mil) | 123 | 124 | -0.4% |
| Cumulative Contribution | -13.5% |
Market Drivers
6/30/2026 to 10/6/2026| Return | Correlation | |
|---|---|---|
| WRBY | -13.5% | |
| Market (SPY) | 4.3% | 33.3% |
| Sector (XLY) | -4.7% | 34.6% |
Fundamental Drivers
The 24.5% change in WRBY stock from 3/31/2026 to 10/6/2026 was primarily driven by a 351.2% change in the company's Net Income Margin (%).| (LTM values as of) | 3312026 | 10062026 | Change |
|---|---|---|---|
| Stock Price ($) | 21.07 | 26.23 | 24.5% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 872 | 912 | 4.6% |
| Net Income Margin (%) | 0.2% | 0.8% | 351.2% |
| P/E Multiple | 1,581.8 | 419.9 | -73.5% |
| Shares Outstanding (Mil) | 123 | 124 | -0.6% |
| Cumulative Contribution | 24.5% |
Market Drivers
3/31/2026 to 10/6/2026| Return | Correlation | |
|---|---|---|
| WRBY | 24.5% | |
| Market (SPY) | 20.1% | 32.2% |
| Sector (XLY) | 2.7% | 36.7% |
Fundamental Drivers
The -4.9% change in WRBY stock from 9/30/2025 to 10/6/2026 was primarily driven by a -13.4% change in the company's P/S Multiple.| (LTM values as of) | 9302025 | 10062026 | Change |
|---|---|---|---|
| Stock Price ($) | 27.58 | 26.23 | -4.9% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 821 | 912 | 11.0% |
| P/S Multiple | 4.1 | 3.6 | -13.4% |
| Shares Outstanding (Mil) | 123 | 124 | -1.1% |
| Cumulative Contribution | -4.9% |
Market Drivers
9/30/2025 to 10/6/2026| Return | Correlation | |
|---|---|---|
| WRBY | -4.9% | |
| Market (SPY) | 17.9% | 34.5% |
| Sector (XLY) | -6.2% | 37.0% |
Fundamental Drivers
The 99.3% change in WRBY stock from 9/30/2023 to 10/6/2026 was primarily driven by a 46.9% change in the company's P/S Multiple.| (LTM values as of) | 9302023 | 10062026 | Change |
|---|---|---|---|
| Stock Price ($) | 13.16 | 26.23 | 99.3% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 633 | 912 | 43.9% |
| P/S Multiple | 2.4 | 3.6 | 46.9% |
| Shares Outstanding (Mil) | 117 | 124 | -5.8% |
| Cumulative Contribution | 99.3% |
Market Drivers
9/30/2023 to 10/6/2026| Return | Correlation | |
|---|---|---|
| WRBY | 99.3% | |
| Market (SPY) | 88.5% | 41.8% |
| Sector (XLY) | 42.0% | 42.3% |
Price Returns Compared
| 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Total [1] | |
|---|---|---|---|---|---|---|---|
| Returns | |||||||
| WRBY Return | -15% | -71% | 5% | 72% | -10% | 22% | -51% |
| Peers Return | 11% | -21% | -7% | -16% | 44% | -22% | -23% |
| S&P 500 Return | 27% | -19% | 24% | 23% | 16% | 14% | 107% |
Monthly Win Rates [3] | |||||||
| WRBY Win Rate | 25% | 50% | 50% | 58% | 67% | 50% | |
| Peers Win Rate | 62% | 47% | 50% | 44% | 56% | 47% | |
| S&P 500 Win Rate | 75% | 42% | 67% | 75% | 67% | 50% | |
Max Drawdowns [4] | |||||||
| WRBY Max Drawdown | - | -76% | -45% | -28% | -51% | -30% | |
| Peers Max Drawdown | -24% | -48% | -40% | -33% | -32% | -35% | |
| S&P 500 Max Drawdown | -5% | -25% | -10% | -8% | -19% | -9% | |
[1] Cumulative total returns since the beginning of 2021
[2] Peers: EYE, BLCO, COO.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2026 data is for the year up to 10/6/2026 (YTD)
How Low Can It Go
| Event | WRBY | S&P 500 |
|---|---|---|
| 2025 US Tariff Shock | ||
| % Loss | -45.1% | -18.8% |
| % Gain to Breakeven | 82.2% | 23.1% |
| Time to Breakeven | 114 days | 79 days |
| 2024 Yen Carry Trade Unwind | ||
| % Loss | -17.9% | -7.8% |
| % Gain to Breakeven | 21.7% | 8.5% |
| Time to Breakeven | 12 days | 18 days |
| Summer-Fall 2023 Five Percent Yield Shock | ||
| % Loss | -30.0% | -9.5% |
| % Gain to Breakeven | 42.9% | 10.5% |
| Time to Breakeven | 53 days | 24 days |
| 2023 SVB Regional Banking Crisis | ||
| % Loss | -34.5% | -6.7% |
| % Gain to Breakeven | 52.6% | 7.1% |
| Time to Breakeven | 131 days | 31 days |
In The Past
Warby Parker's stock fell -45.1% during the 2025 US Tariff Shock. Such a loss loss requires a 82.2% gain to breakeven.
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Asset Allocation
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| Event | WRBY | S&P 500 |
|---|---|---|
| 2025 US Tariff Shock | ||
| % Loss | -45.1% | -18.8% |
| % Gain to Breakeven | 82.2% | 23.1% |
| Time to Breakeven | 114 days | 79 days |
| Summer-Fall 2023 Five Percent Yield Shock | ||
| % Loss | -30.0% | -9.5% |
| % Gain to Breakeven | 42.9% | 10.5% |
| Time to Breakeven | 53 days | 24 days |
| 2023 SVB Regional Banking Crisis | ||
| % Loss | -34.5% | -6.7% |
| % Gain to Breakeven | 52.6% | 7.1% |
| Time to Breakeven | 131 days | 31 days |
In The Past
Warby Parker's stock fell -45.1% during the 2025 US Tariff Shock. Such a loss loss requires a 82.2% gain to breakeven.
Preserve Wealth
Limiting losses and compounding gains is essential to preserving wealth.
Asset Allocation
Actively managed asset allocation strategies protect wealth. Learn more.
About Warby Parker (WRBY)
Warby Parker Inc. (WRBY) is an eyewear and eye care company that operates through a direct-to-consumer (DTC) model in the United States and Canada. The company provides a comprehensive suite of vision products and services, primarily reaching customers through its network of over 160 retail stores, along with its e-commerce website and mobile applications. This integrated approach allows Warby Parker to offer accessible and convenient eye care solutions directly to consumers.
The company's main offerings include a diverse range of prescription eyeglasses, sunglasses, and contact lenses. It also provides advanced lens options such as light-responsive and blue-light-filtering lenses to meet varying customer needs. Beyond eyewear, Warby Parker offers essential accessories like cases, anti-fog spray, and lens kits. Crucially, it integrates eye exams and vision tests into its service model, enabling customers to receive complete vision care directly from the company.
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Warby Parker is like Everlane for glasses, offering direct-to-consumer, stylish, and transparently priced eyewear with a strong brand presence online and in stores.
Warby Parker is like an Apple Store for eyewear, combining stylish products, integrated services (eye exams), and a modern, brand-focused retail experience.
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- Eyeglasses: Corrective eyewear designed to improve vision.
- Sunglasses: Eyewear that protects eyes from sunlight, available with or without prescription.
- Specialty Lenses: Lenses with enhanced features such as light responsiveness and blue-light filtering.
- Contact Lenses: Corrective lenses worn directly on the eye instead of frames.
- Eyewear Accessories: Supplemental products like cases, anti-fog sprays, and lens kits to care for eyewear.
- Eye Exams and Vision Tests: Professional services provided to assess eye health and determine vision prescriptions.
AI Analysis | Feedback
Warby Parker primarily sells directly to individuals. The company does not have major corporate customers.
Here are up to three categories of customers that Warby Parker serves:
- Individuals Seeking Prescription Eyewear: This category includes consumers who require prescription eyeglasses or contact lenses for vision correction. This often encompasses individuals looking for specific lens features such as blue-light filtering, light-responsive technology, or progressive lenses.
- Fashion-Conscious Consumers and Sunglass Buyers: This category targets individuals who view eyewear as a fashion accessory, purchasing frames and sunglasses for style, without necessarily needing prescription correction. It also includes those seeking high-quality sunglasses for UV protection.
- Customers Utilizing Integrated Eye Care Services: This group consists of individuals who leverage Warby Parker's in-store eye exams and vision tests, often leading to subsequent purchases of eyewear. These customers value the convenience of an integrated experience that combines eye health services with direct access to eyewear products.
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- Johnson & Johnson (JNJ)
- Alcon Inc. (ALC)
- CooperCompanies Inc. (COO)
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Neil Blumenthal Co-Founder and Co-Chief Executive Officer
Neil Blumenthal co-founded Warby Parker in 2010. Prior to launching Warby Parker, he served as the director of VisionSpring, a nonprofit social enterprise that trained low-income women to establish businesses selling affordable eyeglasses in developing countries. He also serves as a General Partner of Good Friends, LLC, a venture capital firm, since September 2019. Mr. Blumenthal holds a BA from Tufts University and an MBA from The Wharton School of the University of Pennsylvania.
Dave Gilboa Co-Founder and Co-Chief Executive Officer
Dave Gilboa co-founded Warby Parker in 2010. Before Warby Parker, he was an associate at the merchant bank Allen & Company, where he invested in seed-stage and venture-stage healthcare and digital media companies and advised on M&A transactions. He also worked at Bain & Company, developing business strategies, and held roles at The TriZetto Group, Genomic Health, and Crescendo Bioscience. Mr. Gilboa also serves as a General Partner of Good Friends, LLC, a venture capital firm, since September 2019. He earned a BS in Bioengineering from UC Berkeley and an MBA from The Wharton School of the University of Pennsylvania.
Adrian Mitchell Principal Financial Officer and Principal Accounting Officer
Adrian Mitchell was appointed Principal Financial Officer and Principal Accounting Officer, effective February 10, 2026. He serves on the Board of Directors of Stanley Black & Decker and is a member of its Audit and Finance & Pension Committees. Mr. Mitchell holds an MBA from Harvard Business School and a bachelor's degree in chemical engineering from Louisiana State University.
Sandy Gilsenan SVP Chief Retail and Customer Experience Officer
Sandy Gilsenan oversees Warby Parker's retail operations, customer service, and eye care and vision services. Prior to joining Warby Parker, she held various store and corporate operations roles at Gap Inc. for both Banana Republic and Old Navy, before moving to Nordstrom and then J. Crew.
Kim Nemser Chief Product and Supply Chain Officer
Kim Nemser leads Warby Parker's merchandising, planning, product strategy, sourcing and product development, manufacturing, and supply chain operations across the business.
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Here are the key risks to Warby Parker's business:
- Historical Losses and Profitability Challenges: Warby Parker has a history of operating losses and faces challenges in achieving sustained profitability despite its strong brand and customer base. The company's growth initiatives, including retail store expansions and technology investments, require significant capital, which could impact its financial stability if not managed effectively. High spending on selling, general, and administrative (SG&A) expenses, particularly marketing, contributes to these profitability concerns.
- Intense Competitive Pressure: The optical industry is highly competitive, with numerous large integrated players dominating the market. Warby Parker must continuously innovate and maintain its distinct brand positioning to compete effectively against both established eyewear brands and new direct-to-consumer entrants. Failure to do so could result in a loss of market share, especially as competitors may undercut prices and improve their online offerings, potentially squeezing Warby Parker's mid-tier brand positioning.
- Supply Chain and Operational Risks: Warby Parker's reliance on a limited number of suppliers and manufacturers introduces risks to its operational efficiency and ability to meet customer demand. Disruptions in the supply chain, whether due to external factors or internal issues, could adversely affect the company's ability to deliver products timely and maintain its reputation for quality. For instance, a significant portion of the cellulose acetate used in its frames is sourced from a single supplier. The company is also exposed to the impacts of tariffs, particularly from goods sourced in China, which has affected gross margins.
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Warby Parker operates in several addressable markets within the eyewear industry. Based on available data, the estimated market sizes for its main products and services are as follows:
- Eyeglasses (Prescription Eyewear - Frames & Lenses): The estimated addressable market for eyeglasses in the U.S. was approximately $36.8 billion in 2025. This is derived from the U.S. eyewear market size of USD 49.1 billion in 2025, with spectacles (eyeglasses) accounting for 75% of the U.S. eyewear market in 2023.
- Sunglasses: The addressable market for sunglasses in North America was approximately USD 13.59 billion in 2025. This is calculated based on the global sunglasses market size of USD 43.03 billion in 2025, with North America accounting for a 31.60% share. Warby Parker operates in both the United States and Canada, making the North American market size a relevant addressable market.
- Contact Lenses: The addressable market for contact lenses in the U.S. was valued at $10.94 billion in 2022.
- Eye Exams and Vision Tests: The addressable market for eye care services, which includes vision testing and eye exams, in the U.S. was estimated at USD 54.85 billion in 2024.
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Warby Parker (WRBY) is expected to drive future revenue growth over the next 2-3 years through several key initiatives:
- Retail Store Expansion: Warby Parker plans to continue expanding its physical retail footprint, with approximately 50 new store openings anticipated in 2026, primarily in existing markets. This strategic expansion is aimed at enhancing brand awareness and improving customer accessibility. The company sees a long-term potential of at least 900 stores in North America.
- Enhanced Product and Service Offerings: The company anticipates growth from increasing its active customer base and boosting average revenue per customer. This will be achieved through a higher mix of premium lenses like progressives, sustained growth in contact lens sales, broader adoption of in-store eye exams, and the regular introduction of new frame collections and lens enhancements, supported by selective price adjustments.
- Launch of AI-powered Eyewear: Warby Parker is collaborating with Google and Samsung to develop and launch lightweight AI-enabled glasses in 2026. This new product category is expected to tap into a significant new total addressable market.
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Share Repurchases
- Warby Parker authorized a $100 million share repurchase program for its Class A common stock in February 2026.
- This program does not have a fixed expiration date and can be modified, suspended, or terminated at the discretion of the company's Board of Directors.
Share Issuance
- Warby Parker went public via a direct listing on the New York Stock Exchange (NYSE) on September 29, 2021, under the ticker symbol WRBY.
- Through the direct listing, existing shareholders offered up to 77.7 million Class A shares, with some reports indicating 92.5 million Class A common stock shares were available for public offering.
- Unlike a traditional IPO, the direct listing did not involve the company issuing new shares to raise capital.
Inbound Investments
- As a private company, Warby Parker raised over $536 million in funding.
- Its last funding rounds (Series F and G) in 2020 collectively brought in $245 million in working capital.
- The company has received institutional financial backing from firms such as T. Rowe Price and Tiger Global Management.
Outbound Investments
- Warby Parker announced a strategic partnership with Google on December 4, 2025, to develop AI-powered smart glasses, indicating an investment in new product innovation.
Capital Expenditures
- Capital expenditures have remained moderate, typically ranging from $15–20 million per quarter, primarily focused on reinvestment in stores and infrastructure.
- The company opened 47 net new stores in 2025, bringing its total to 323 locations.
- Warby Parker plans to continue its retail footprint expansion, with targets of 40 new stores in 2024 and 50 new store openings projected for 2026.
Peer Outperformance in Apparel, Accessories & Luxury Goods
WRBY has trailed 54% of its 28 Apparel, Accessories & Luxury Goods peers over 5Y. Among the peers that beat it is RL. Apparel, Accessories & Luxury Goods ranks 18th of 23 industries in Consumer Discretionary by median 5Y return. The sector’s gains have largely come from elsewhere.
Share of Apparel, Accessories & Luxury Goods constituents that WRBY has outperformed, by holding period. Peers without a full price history over a given window are excluded from that window.
1Y
68%
of 28 industry peers · 3.4% return
3Y
71%
of 28 industry peers · 86.6% return
5Y
46%
of 28 industry peers · -47.4% return
Apparel, Accessories & Luxury Goods peers with revenue growth within 4pp of WRBY's that beat it on at least 2 of 3 windows, and by at least 20pp over 5Y. Growth is matched by construction, so the gap is largely a re-rating gap. The multiple column is the context for it.
| Ticker | Name | Rev Growth 3Y Avg | P/E | 1Y | 3Y | 5Y | 5Y Gap |
|---|---|---|---|---|---|---|---|
| WRBY | Warby Parker | 12.9% | 419.9x | 3.4% | 86.6% | -47.4% | — |
| RL | Ralph Lauren | 9.1% | 22.5x | 16.0% | 238.4% | 246.7% | +294pp |
Price returns, excluding dividends. P/E shown for context only and not used for matching.
Median price return by industry across the Consumer Discretionary sector, ranked by 5Y. Apparel, Accessories & Luxury Goods is WRBY's own industry. Use this to see which corners of the sector have carried the returns.
| Industry | Names | 1Y med | 3Y med | 5Y med | Top 3 by 5Y |
|---|---|---|---|---|---|
| Education Services | 14 | -15.0% | 76.8% | 75.3% | CVSA 234% · LINC 227% · PRDO 205% |
| Homebuilding | 18 | -8.9% | 38.0% | 54.8% | GRBK 220% · PHM 155% · TOL 154% |
| Specialty Stores | 7 | -1.4% | 40.1% | 12.7% | ASO 30% · DKS 27% · SIG 25% |
| Hotels, Resorts & Cruise Lines | 21 | 4.9% | 32.3% | 10.3% | RCL 236% · MAR 139% · LIND 138% |
| Home Improvement Retail | 5 | -24.3% | -2.3% | -3.6% | HVT 14% · LOW -3% · HD -4% |
| Automotive Retail | 18 | -16.4% | 0.7% | -3.7% | MUSA 215% · PAG 118% · ORLY 109% |
| Footwear | 9 | 63.8% | 55.4% | -13.8% | WEYS 200% · DECK 30% · SHOO 22% |
| Home Furnishings | 4 | -5.0% | 30.5% | -15.8% | SGI 44% · LZB -1% · MHK -30% |
| Distributors | 4 | -14.3% | -26.3% | -16.5% | ARMK 122% · GPC 17% · LKQ -50% |
| Restaurants | 36 | -9.7% | -8.1% | -16.8% | EAT 278% · CAKE 161% · BH-A 121% |
| Specialized Consumer Services | 10 | -17.5% | 15.0% | -17.3% | HRB 98% · FTDR 86% · SCI 33% |
| Leisure Products | 13 | -20.3% | -21.4% | -39.2% | GOLF 81% · HAS 25% · MAT -17% |
| Household Appliances | 18 | 11.3% | -1.6% | -39.9% | FLXS 217% · HBB 175% · KEQU 159% |
| Apparel Retail | 26 | 5.1% | 22.9% | -40.6% | ANF 259% · URBN 170% · TJX 127% |
| Automotive Parts & Equipment | 38 | -12.4% | -7.9% | -41.5% | MOD 1527% · GTX 272% · MLR 73% |
| Computer & Electronics Retail | 3 | -1.2% | 42.8% | -42.5% | BBY 0% · GME -42% · UPBD -63% |
| Leisure Facilities | 12 | 5.5% | -8.8% | -43.3% | JAKK 158% · LTH 127% · OSW 120% |
| Apparel, Accessories & Luxury Goods ← | 29 | -7.6% | 15.9% | -46.7% | TPR 247% · RL 247% · ELA 198% |
| Broadline Retail | 13 | -4.9% | 26.7% | -47.6% | EBAY 58% · AMZN 55% · OLLI 41% |
| Casinos & Gaming | 20 | -16.4% | -24.2% | -47.8% | MCRI 94% · RRR 20% · BYD 14% |
| Consumer Electronics | 11 | -18.6% | -17.0% | -71.1% | AXIL 3426% · GRMN 97% · SONO -46% |
| Other Specialty Retail | 17 | -37.0% | -40.5% | -77.2% | TLF 102% · BBW 83% · WINA 63% |
| Automobile Manufacturers | 8 | -78.7% | -51.4% | -77.7% | GM 52% · TSLA 44% · F 12% |
Median of constituents with a full price history over each window. Top names are unfiltered by size in this render.
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Peer Comparisons
| Peers to compare with: |
Financials
| Median | |
|---|---|
| Name | |
| Mkt Price | 21.34 |
| Mkt Cap | 4.7 |
| Rev LTM | 3,135 |
| Op Inc LTM | 246 |
| FCF LTM | 93 |
| FCF 3Y Avg | 40 |
| CFO LTM | 294 |
| CFO 3Y Avg | 196 |
Growth & Margins
| Median | |
|---|---|
| Name | |
| Rev Chg LTM | 8.3% |
| Rev Chg 3Y Avg | 10.1% |
| Rev Chg Q | 5.8% |
| QoQ Delta Rev Chg LTM | 1.4% |
| Op Inc Chg LTM | 101.6% |
| Op Inc Chg 3Y Avg | 62.3% |
| Op Mgn LTM | 5.9% |
| Op Mgn 3Y Avg | 3.6% |
| QoQ Delta Op Mgn LTM | 1.0% |
| CFO/Rev LTM | 9.5% |
| CFO/Rev 3Y Avg | 9.7% |
| FCF/Rev LTM | 2.5% |
| FCF/Rev 3Y Avg | 3.3% |
Price Behavior
Price Behavior
| Market Price | $26.23 | |
| Market Cap ($ Bil) | 3.3 | |
| First Trading Date | 09/29/2021 | |
| Distance from 52W High | -13.5% | |
| 50 Days | 200 Days | |
| DMA Price | $25.71 | $25.19 |
| DMA Trend | up | down |
| Distance from DMA | 2.0% | 4.1% |
| 3M | 1YR | |
| Volatility | 64.4% | 77.3% |
| Downside Capture | 270.36 | 227.60 |
| Upside Capture | 181.11 | 191.70 |
| Correlation (SPY) | 34.0% | 34.8% |
WRBY Betas & Captures as of 9/30/2026
[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
| 1M | 2M | 3M | 6M | 1Y | 3Y | |
|---|---|---|---|---|---|---|
| Beta | 1.26 | 2.26 | 2.10 | 1.92 | 2.08 | 1.77 |
| Up Beta | 2.53 | 2.17 | 1.20 | 1.27 | 1.54 | 1.76 |
| Down Beta | 8.66 | 4.01 | 1.54 | 2.10 | 2.70 | 1.67 |
| Up Capture | 99% | 227% | 252% | 282% | 305% | 904% |
| Bmk +ve Days | 6 | 16 | 27 | 66 | 132 | 424 |
| Stock +ve Days | 11 | 18 | 27 | 63 | 121 | 370 |
| Down Capture | -84% | 204% | 262% | 193% | 158% | 111% |
| Bmk -ve Days | 16 | 26 | 37 | 60 | 120 | 328 |
| Stock -ve Days | 11 | 24 | 37 | 63 | 131 | 374 |
[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
Based On 1-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with WRBY | |
|---|---|---|---|---|
| WRBY | 0.0% | 77.2% | 0.31 | - |
| Sector ETF (XLY) | -5.5% | 19.5% | -0.42 | 37.0% |
| Equity (SPY) | 17.5% | 13.0% | 0.96 | 34.6% |
| Gold (GLD) | 6.9% | 29.6% | 0.23 | 12.4% |
| Commodities (DBC) | 46.1% | 20.8% | 1.71 | -14.4% |
| Real Estate (VNQ) | 2.1% | 13.7% | -0.10 | 20.5% |
| Bitcoin (BTCUSD) | -29.8% | 44.3% | -0.67 | 19.4% |
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 5-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with WRBY | |
|---|---|---|---|---|
| WRBY | -13.1% | 66.5% | 0.06 | - |
| Sector ETF (XLY) | 5.0% | 24.1% | 0.16 | 51.0% |
| Equity (SPY) | 13.9% | 17.1% | 0.62 | 49.0% |
| Gold (GLD) | 18.7% | 18.9% | 0.80 | 9.6% |
| Commodities (DBC) | 10.3% | 19.5% | 0.40 | 5.6% |
| Real Estate (VNQ) | 1.2% | 18.8% | -0.04 | 37.2% |
| Bitcoin (BTCUSD) | 16.0% | 52.2% | 0.47 | 26.3% |
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 10-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with WRBY | |
|---|---|---|---|---|
| WRBY | -6.8% | 66.5% | 0.06 | - |
| Sector ETF (XLY) | 12.1% | 22.2% | 0.50 | 51.0% |
| Equity (SPY) | 15.6% | 17.9% | 0.74 | 49.0% |
| Gold (GLD) | 11.6% | 16.4% | 0.58 | 9.6% |
| Commodities (DBC) | 8.3% | 18.1% | 0.37 | 5.6% |
| Real Estate (VNQ) | 4.2% | 20.7% | 0.16 | 37.2% |
| Bitcoin (BTCUSD) | 64.1% | 66.2% | 1.04 | 26.3% |
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Returns Analyses
Earnings Returns History
Updated 9/9/2026| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| 8/6/2026 | -7.9% | -13.5% | -20.4% |
| 5/7/2026 | 23.5% | 29.3% | 3.1% |
| 2/26/2026 | 17.8% | 25.7% | 1.0% |
| 11/6/2025 | -11.1% | -8.2% | 11.6% |
| 8/7/2025 | -3.4% | 10.3% | 7.1% |
| 5/8/2025 | 2.8% | 8.2% | 33.5% |
| 2/27/2025 | 2.3% | -1.1% | -20.0% |
| 11/7/2024 | 1.8% | 11.3% | 25.4% |
| ... | |||
| SUMMARY STATS | |||
| # Positive | 10 | 10 | 9 |
| # Negative | 8 | 8 | 9 |
| Median Positive | 12.0% | 14.3% | 12.6% |
| Median Negative | -5.7% | -11.2% | -15.4% |
| Max Positive | 23.5% | 29.3% | 33.7% |
| Max Negative | -24.0% | -21.0% | -23.6% |
| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| 8/6/2026 | -7.9% | -13.5% | -20.4% |
| 5/7/2026 | 23.5% | 29.3% | 3.1% |
| 2/26/2026 | 17.8% | 25.7% | 1.0% |
| 11/6/2025 | -11.1% | -8.2% | 11.6% |
| 8/7/2025 | -3.4% | 10.3% | 7.1% |
| 5/8/2025 | 2.8% | 8.2% | 33.5% |
| 2/27/2025 | 2.3% | -1.1% | -20.0% |
| 11/7/2024 | 1.8% | 11.3% | 25.4% |
| 8/8/2024 | -0.1% | -9.0% | -6.8% |
| 5/9/2024 | 18.0% | 26.4% | 33.7% |
| 2/28/2024 | -15.0% | -19.4% | -11.9% |
| 11/8/2023 | -24.0% | -21.0% | -23.1% |
| 8/9/2023 | -3.5% | -13.4% | -15.4% |
| 5/9/2023 | 0.3% | 0.2% | -0.7% |
| 2/28/2023 | -0.5% | -6.0% | -23.6% |
| 11/10/2022 | 14.9% | 26.8% | 24.7% |
| 8/11/2022 | 19.2% | 17.2% | 12.6% |
| 11/12/2021 | 9.0% | 1.2% | -15.0% |
| SUMMARY STATS | |||
| # Positive | 10 | 10 | 9 |
| # Negative | 8 | 8 | 9 |
| Median Positive | 12.0% | 14.3% | 12.6% |
| Median Negative | -5.7% | -11.2% | -15.4% |
| Max Positive | 23.5% | 29.3% | 33.7% |
| Max Negative | -24.0% | -21.0% | -23.6% |
SEC Filings
Expand for More| Report Date | Filing Date | Filing |
|---|---|---|
| 06/30/2026 | 08/06/2026 | 10-Q |
| 03/31/2026 | 05/07/2026 | 10-Q |
| 12/31/2025 | 02/26/2026 | 10-K |
| 09/30/2025 | 11/06/2025 | 10-Q |
| 06/30/2025 | 08/08/2025 | 10-Q |
| 03/31/2025 | 05/08/2025 | 10-Q |
| 12/31/2024 | 02/27/2025 | 10-K |
| 09/30/2024 | 11/07/2024 | 10-Q |
| 06/30/2024 | 08/08/2024 | 10-Q |
| 03/31/2024 | 05/09/2024 | 10-Q |
| 12/31/2023 | 02/29/2024 | 10-K |
| 09/30/2023 | 11/08/2023 | 10-Q |
| 06/30/2023 | 08/09/2023 | 10-Q |
| 03/31/2023 | 05/09/2023 | 10-Q |
| 12/31/2022 | 02/28/2023 | 10-K |
| 09/30/2022 | 11/10/2022 | 10-Q |
| Report Date | Filing Date | Filing |
|---|---|---|
| 06/30/2026 | 08/06/2026 | 10-Q |
| 03/31/2026 | 05/07/2026 | 10-Q |
| 12/31/2025 | 02/26/2026 | 10-K |
| 09/30/2025 | 11/06/2025 | 10-Q |
| 06/30/2025 | 08/08/2025 | 10-Q |
| 03/31/2025 | 05/08/2025 | 10-Q |
| 12/31/2024 | 02/27/2025 | 10-K |
| 09/30/2024 | 11/07/2024 | 10-Q |
| 06/30/2024 | 08/08/2024 | 10-Q |
| 03/31/2024 | 05/09/2024 | 10-Q |
| 12/31/2023 | 02/29/2024 | 10-K |
| 09/30/2023 | 11/08/2023 | 10-Q |
| 06/30/2023 | 08/09/2023 | 10-Q |
| 03/31/2023 | 05/09/2023 | 10-Q |
| 12/31/2022 | 02/28/2023 | 10-K |
| 09/30/2022 | 11/10/2022 | 10-Q |
| 06/30/2022 | 08/11/2022 | 10-Q |
| 03/31/2022 | 05/16/2022 | 10-Q |
| 12/31/2021 | 03/18/2022 | 10-K |
| 09/30/2021 | 11/12/2021 | 10-Q |
| 06/30/2021 | 09/29/2021 | 424B4 |
Recent Forward Guidance
Updated 10/4/2026Latest: Q2 2026 Earnings Reported 8/6/2026
| Forward Guidance | Guidance Change | |||||||
|---|---|---|---|---|---|---|---|---|
| Metric | Source | Low | Mid | High | % Chg | % Delta | Change | Prior |
| 2026 New Store Openings | Reported | 50 | 0 | Affirmed | Guidance: 50 for 2026 | |||
| 2026 Revenue | Reported | 959.00 Mil | 967.50 Mil | 976.00 Mil | 0 | Affirmed | Guidance: 967.50 Mil for 2026 | |
| 2026 Revenue Growth | Reported | 10.0% | 11.0% | 12.0% | ||||
| 2026 Adjusted EBITDA | Reported | 117.00 Mil | 118.00 Mil | 119.00 Mil | 0 | Affirmed | Guidance: 118.00 Mil for 2026 | |
Prior: Q1 2026 Earnings Reported 5/7/2026
| Forward Guidance | Guidance Change | |||||||
|---|---|---|---|---|---|---|---|---|
| Metric | Source | Low | Mid | High | % Chg | % Delta | Change | Prior |
| 2026 New Store Openings | Reported | 50 | 0 | Affirmed | Guidance: 50 for 2026 | |||
| 2026 Net Revenue | Reported | 959.00 Mil | 967.50 Mil | 976.00 Mil | 0 | Affirmed | Guidance: 967.50 Mil for 2026 | |
| 2026 Adjusted EBITDA | Reported | 117.00 Mil | 118.00 Mil | 119.00 Mil | 0 | Affirmed | Guidance: 118.00 Mil for 2026 | |
| 2026 Adjusted EBITDA Margin | Reported | 12.2% | ||||||
Q4 2025 Earnings Reported 2/26/2026
| Forward Guidance | Guidance Change | |||||||
|---|---|---|---|---|---|---|---|---|
| Metric | Source | Low | Mid | High | % Chg | % Delta | Change | Prior |
| 2026 New Store Openings | Reported | 50 | 11.1% | Higher New | Actual: 45 for 2025 | |||
| 2026 Revenue | Reported | 959.00 Mil | 967.50 Mil | 976.00 Mil | 10.9% | Higher New | Actual: 872.50 Mil for 2025 | |
| 2026 Revenue Growth | Reported | 10.0% | 11.0% | 12.0% | -2.0% | Lower New | Actual: 13.0% for 2025 | |
| 2026 Adjusted EBITDA | Reported | 117.00 Mil | 118.00 Mil | 119.00 Mil | 18.6% | Higher New | Actual: 99.50 Mil for 2025 | |
Q3 2025 Earnings Reported 11/6/2025
| Forward Guidance | Guidance Change | |||||||
|---|---|---|---|---|---|---|---|---|
| Metric | Source | Low | Mid | High | % Chg | % Delta | Change | Prior |
| 2025 New Store Openings | Reported | 45 | 0 | Affirmed | Guidance: 45 for 2025 | |||
| 2025 Revenue | Reported | 871.00 Mil | 872.50 Mil | 874.00 Mil | -1.3% | Lowered | Guidance: 884.00 Mil for 2025 | |
| 2025 Revenue Growth | Reported | 13.0% | -1.5% | Lowered | Guidance: 14.5% for 2025 | |||
| 2025 Adjusted EBITDA | Reported | 98.00 Mil | 99.50 Mil | 101.00 Mil | 0 | Affirmed | Guidance: 99.50 Mil for 2025 | |
| 2025 Adjusted EBITDA Margin | Reported | 11.3% | 11.45% | 11.6% | 0.2% | Raised | Guidance: 11.25% for 2025 | |
Insider Activity
Updated 10/2/2026| # | Owner | Title | Holding | Action | Filing Date | Price | Shares | Transacted Value | Value of Held Shares | Form |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Raider, Jeffrey Jacob | Direct | Sell | 10022026 | 27.70 | 15,000 | 415,500 | 11,639,568 | Form | |
| 2 | Blumenthal, Neil Harris | Co-Chief Executive Officer | Direct | Sell | 10022026 | 27.69 | 100,000 | 2,769,000 | 997,394 | Form |
| 3 | Gilboa, David Abraham | Co-Chief Executive Officer | Direct | Sell | 7082026 | 29.84 | 54,347 | 1,621,714 | 928,382 | Form |
| 4 | Blumenthal, Neil Harris | Co-Chief Executive Officer | Direct | Sell | 7082026 | 29.99 | 9,200 | 275,908 | 933,049 | Form |
| 5 | Gilboa, David Abraham | Co-Chief Executive Officer | Direct | Sell | 7022026 | 29.69 | 242,221 | 7,191,541 | 923,715 | Form |
| # | Owner | Title | Holding | Action | Filing Date | Price | Shares | Transacted Value | Value of Held Shares | Form |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Raider, Jeffrey Jacob | Direct | Sell | 10022026 | 27.70 | 15,000 | 415,500 | 11,639,568 | Form | |
| 2 | Blumenthal, Neil Harris | Co-Chief Executive Officer | Direct | Sell | 10022026 | 27.69 | 100,000 | 2,769,000 | 997,394 | Form |
| 3 | Gilboa, David Abraham | Co-Chief Executive Officer | Direct | Sell | 7082026 | 29.84 | 54,347 | 1,621,714 | 928,382 | Form |
| 4 | Blumenthal, Neil Harris | Co-Chief Executive Officer | Direct | Sell | 7082026 | 29.99 | 9,200 | 275,908 | 933,049 | Form |
| 5 | Gilboa, David Abraham | Co-Chief Executive Officer | Direct | Sell | 7022026 | 29.69 | 242,221 | 7,191,541 | 923,715 | Form |
| 6 | Raider, Jeffrey Jacob | Direct | Sell | 7022026 | 29.72 | 22,500 | 668,700 | 12,934,174 | Form | |
| 7 | Blumenthal, Neil Harris | Co-Chief Executive Officer | Direct | Sell | 7022026 | 29.61 | 217,667 | 6,445,120 | 921,226 | Form |
| 8 | Blumenthal, Neil Harris | Co-Chief Executive Officer | Direct | Sell | 7012026 | 30.04 | 36,300 | 1,090,452 | 1,786,148 | Form |
| 9 | Briggs, Teresa | Direct | Sell | 6182026 | 25.94 | 5,000 | 129,683 | 1,267,859 | Form | |
| 10 | Moon, Youngme E | Direct | Sell | 6122026 | 26.53 | 10,000 | 265,300 | 691,398 | Form | |
| 11 | Blumenthal, Neil Harris | Co-Chief Executive Officer | Direct | Sell | 5212026 | 30.03 | 63,040 | 1,893,091 | 1,506,455 | Form |
| 12 | Singer, Bradley E | Bradley Singer Revocable Trust | Sell | 5152026 | 29.01 | 4,833 | 140,205 | 2,901,000 | Form | |
| 13 | Singer, Bradley E | Bradley Singer Revocable Trust | Sell | 5152026 | 28.51 | 20,167 | 574,961 | 2,988,789 | Form | |
| 14 | Blumenthal, Neil Harris | Co-Chief Executive Officer | Direct | Sell | 4202026 | 25.09 | 22,442 | 563,070 | 1,258,640 | Form |
| 15 | Blumenthal, Neil Harris | Co-Chief Executive Officer | Direct | Sell | 4202026 | 24.56 | 75,213 | 1,847,592 | 1,232,293 | Form |
| 16 | Blumenthal, Neil Harris | Co-Chief Executive Officer | Direct | Sell | 4202026 | 24.08 | 2,345 | 56,468 | 1,207,973 | Form |
| 17 | Raider, Jeffrey Jacob | Direct | Sell | 3132026 | 25.43 | 25,000 | 635,750 | 11,410,365 | Form | |
| 18 | Singer, Bradley E | Direct | Sell | 3062026 | 27.53 | 15,793 | 434,781 | 441,196 | Form | |
| 19 | Blumenthal, Neil Harris | Co-Chief Executive Officer | Direct | Sell | 1152026 | 29.99 | 660 | 19,793 | 1,113,199 | Form |
| 20 | Gilboa, David Abraham | Co-Chief Executive Officer | Direct | Sell | 1152026 | 29.46 | 80,094 | 2,359,569 | 1,097,297 | Form |
| 21 | Blumenthal, Neil Harris | Co-Chief Executive Officer | Direct | Sell | 1062026 | 25.09 | 150,000 | 3,763,500 | 931,316 | Form |
| 22 | Gilboa, David Abraham | Co-Chief Executive Officer | Direct | Sell | 1062026 | 24.29 | 50,000 | 1,214,500 | 904,730 | Form |
| 23 | Gilboa, David Abraham | Co-Chief Executive Officer | Direct | Sell | 1062026 | 22.46 | 25,000 | 561,500 | 836,568 | Form |
| 24 | Cutler, Joel E | Randi & Joel Cutler Family Foundation | Sell | 12182025 | 26.01 | 19,932 | 518,477 | 520,246 | Form | |
| 25 | Raider, Jeffrey Jacob | Direct | Sell | 12152025 | 27.42 | 25,000 | 685,500 | 13,257,159 | Form | |
| 26 | Moon, Youngme E | Direct | Sell | 12152025 | 29.07 | 38,832 | 1,128,846 | 786,547 | Form | |
| 27 | Blumenthal, Neil Harris | Co-Chief Executive Officer | Direct | Sell | 12152025 | 30.29 | 100,000 | 3,029,000 | 1,124,335 | Form |
| 28 | Gilboa, David Abraham | Co-Chief Executive Officer | Direct | Sell | 12152025 | 30.20 | 200,000 | 6,040,000 | 1,124,859 | Form |
| 29 | Gilboa, David Abraham | Co-Chief Executive Officer | Direct | Sell | 10032025 | 27.30 | 125,000 | 3,412,500 | 897,105 | Form |
Investor Activity (13F)
Updated Oct 7, 202613F holdings as of Mar 31, 2026 (Q1 2026)
Active managers (13F portfolio over $250M, at least 3 holdings) with a position over $5M that is either over 10% of their portfolio or held in a concentrated book of 50 or fewer total positions. Index/ETF, sovereign, bank, community-bank and charitable/donor-advised filers are excluded.
Industry Resources
| Consumer Discretionary Resources |
| Retail Dive |
| Business of Fashion (BoF) |
| WWD (Women's Wear Daily) |
| National Retail Federation (NRF) |
| McKinsey & Company - Consumer |
| Mintel Consumer Trends |
| Apparel, Accessories & Luxury Goods Resources |
| Vogue Business |
| Jing Daily |
| Luxury Daily |
External Quote Links
| Y Finance | Barrons |
| TradingView | Morningstar |
| SeekingAlpha | ValueLine |
| Motley Fool | Robinhood |
| CNBC | Etrade |
| MarketWatch | Unusual Whales |
| YCharts | Perplexity Finance |
| FinViz |
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Core Cache Last Updated: 10/6/2026