Warby Parker Loses $2 Billion in Market Value in a Day: Signs of Cracks in Growth Story?

Warby Parker Inc. (NYSE: WRBY) shares plunged 6.76%, closing at $22.50 on the New York Stock Exchange on the 10th. In a single day, the company’s market capitalization shrank by roughly $150 million (about KRW 200 billion), leaving its total market value at approximately $2.4 billion (KRW 3.2 trillion). Trading volume reached around 1.59 million shares, underscoring significant selling pressure from investors.

In its third quarter of fiscal 2025, Warby Parker reported revenue of $221.7 million and net income of $5.9 million, marking a 15% year-over-year increase in sales. The company provided full-year guidance of $871 million to $874 million in revenue and $98 million to $101 million in adjusted EBITDA. (source: )

The retailer is accelerating both its online and offline distribution channels by expanding “shop-in-shop” locations within Target stores and partnering with Google on smart glasses—efforts aimed at scaling its AI-driven wearable business. (source: )

Founded in 2010, Warby Parker pioneered a direct-to-consumer eyewear model that blends e-commerce with physical retail, offering stylish prescription glasses at an accessible price point of about $95. (source: )

Recently, the company has focused on in-house manufacturing and logistics control to reduce production costs and tariff expenses. At the same time, it is increasing store count and promoting higher-margin products—such as premium progressive lenses and contact lenses—to drive up average revenue per customer and overall profitability. (source: )