Warby Parker (WRBY) Stock Trades Down, Here Is Why

Core Insights - Warby Parker's shares fell 13.7% after reporting third-quarter results that missed revenue expectations and lowered its full-year sales forecast [1][2] Financial Performance - The company reported revenue of $221.7 million, a 15.2% year-over-year increase, but this was below analysts' estimates of $224.3 million [2] - Earnings per share were $0.05, meeting expectations, but the sales miss overshadowed this positive aspect [2] - Warby Parker reduced its full-year revenue guidance to a midpoint of $872.5 million, which is below prior forecasts and analysts' projections [2] Market Reaction - The stock has shown significant volatility, with 26 moves greater than 5% over the last year, indicating that the recent news has notably impacted market perception [4] - The stock is down 31.4% year-to-date and is trading 39.1% below its 52-week high of $28.56 [6] - Investors who purchased $1,000 worth of shares at the IPO in September 2021 would now see their investment valued at $319.31 [6]