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Thndr Claps » U.S. Claps » Consumer Discretionary » Is Warby Parker Ready to Play with the Big Boys?👓

Is Warby Parker Ready to Play with the Big Boys?👓

by Shams Abbas
February 22, 2022

The Clap👏
Online retailer of prescription glasses & sunglasses Warby Parker (NYSE: WRBY) revealed its plans to provide vision care services along with selling glasses.

Warby who?🤨
Warby Parker went public last September when it saw its stock price surge to 36% on its trading debut. Its story has inspired other direct-to-consumer companies to consider going public.

The move comes in line with the company’s strategy to become a “holistic vision care” company.

But are they ready to play with the big boys?🏋️‍♀️
Some analysts think so, some don’t. Here are the facts:
Warby Parker made a name for itself by undercutting prices of major players such as Ray-Ban maker EssilorLuxottica.
Warby Parker now has a 1% market share & is expected to grow at a faster rate than the industry.
Warby Parker has a market cap of roughly $3 billion, vs EssilorLuxottica’s over $70 billion market cap.
Doesn’t seem like much of a competition to us🙄
Those betting on Warby Parker argue that the 12-year old company provides glasses at a much more attractive price point than EssilorLuxottica.

But even if Warby doubles or triples its market share, would EssilorLuxottica even notice?

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