Eyewear retailer Warby Parker (NYSE: WRBY) will be announcing earnings results this Thursday morning. Here’s what to expect.

Warby Parker missed analysts’ revenue expectations last quarter, reporting revenues of $221.7 million, up 15.2% year on year. It was a satisfactory quarter for the company, with a beat of analysts’ EPS estimates but full-year revenue guidance missing analysts’ expectations. It reported 2.66 million active customers, up 9.5% year on year.

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This quarter, the market is expecting Warby Parker’s revenue to grow 11.7% year on year, slowing from the 17.8% increase it recorded in the same quarter last year.

Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. Warby Parker has missed Wall Street’s revenue estimates multiple times over the last two years.

Looking at Warby Parker’s peers in the specialty retail segment, only Sally Beauty has reported results so far. It met analysts’ revenue estimates and delivered flat year-on-year revenue. The stock was down 3.5% on the results.

Debates around the economy’s health and the impact of potential tariffs and corporate tax cuts have caused much uncertainty in 2025. While some of the specialty retail stocks have shown solid performance in this choppy environment, the group has generally underperformed, with share prices down 2.4% on average over the last month. Warby Parker is down 18.3% during the same time and is heading into earnings with an average analyst price target of $27.25 (compared to the current share price of $22.24).

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