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How to buy Warby Parker (WRBY) stock

Warby Parker is publicly traded. Here's how to buy shares.

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Warby Parker debuted on the NYSE under the ticker symbol WRBY via a direct listing. Shares commenced trading at $54.11 per share, well over the $40 reference price set by the NYSE.

How to buy shares in Warby Parker

Before you can invest in Warby Parker, you'll need to open a brokerage account.

  1. Compare share trading platforms. Use our comparison table to help you find a platform that fits you.
  2. Open your brokerage account. Complete an application with your details.
  3. Confirm your payment details. Fund your account.
  4. Research the stock. Find the stock by name or ticker symbol – WRBY – and research it before deciding if it's a good investment for you.
  5. Purchase now or later. Buy your desired number of shares with a market order or use a limit order to delay your purchase until the stock reaches a desired price.

Warby Parker isn’t profitable

Year-over-year, Warby Parker has increased its net revenue, reporting $370.4 million in revenue for 2019 and $393.7 million in revenue for 2020. And we continue to see revenue gains in 2021. For the six months ended June 30, 2020, it reported $176.7 million in revenue. Over the same period in 2021, it saw its net revenue rise to $270.5 million.

But rising revenue alone isn’t enough to earn Warby Parker a place on your watchlist. There’s another side to this story. Warby Parker isn’t profitable.

In fact, it hasn’t been profitable for the past three years. It broke even in 2019, but in 2020, it suffered a net loss of $55 million for the year. And it’s continued to generate losses through 2021.

201920206 months ended June 30, 20206 months ended June 30, 2021
Warby Parker revenue$370.4 million$393.7 million$176.7 million$270.5 million
Warby Parker net loss—$55 million$10 million$7.2 million

The pandemic has been difficult for many businesses. With year-over-year revenue gains, Warby Parker seems to be capable of weathering the storm, but whether it’s able to turn a consistent profit remains to be seen.

How do similar companies perform?

It's impossible to predict how any stock will perform — and IPOs can be particularly volatile. But evaluating the performance of companies like Warby Parker can be useful in determining how the market is performing and whether now is a good time to invest in this industry.

Select a company to learn more about what they do and how their stock performs, including market capitalization, the price-to-earnings (P/E) ratio, price/earnings-to-growth (PEG) ratio and dividend yield. While this list includes a selection of the most well-known and popular stocks, it doesn't include every stock available.

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The value of any investment can go up or down depending on news, trends and market conditions. We are not investment advisers, so do your own due diligence to understand the risks before you invest.

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