28-02-2024 16:47 via rocketnews.com

Warby Parker’s stock tumbles again after earnings, as gross margins keep falling

Shares of Warby Parker Inc. pulled back sharply Wednesday after the eyewear retailer reported a surprise fourth-quarter loss as gross margins continued to fall. The stock WRBY, -14.03%tumbled 13.7% in morning trading. That puts it on track for the biggest one-day selloff since the record plunge of 24% on Nov. 8, 2023, after third-quarter results were reported.The stock had run up 18% month to date ahead of the results, including a 7.7% jump on Tuesday. The company reported before the opening bel
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