By Connor Hart

Shares of Warby Parker gained after the eyewear maker logged higher-than-expected revenue in the first quarter and said it is making progress developing artificial-intelligence eye glasses that can be worn all day.

The stock jumped 27% to $28.00 on Thursday, extending its more-than-70% surge over the past year.

The company reported before the market opened a profit of $3.18 million, compared with $3.47 million a year earlier. Quarterly earnings of 3 cents a share missed analyst views for 5 cents a share, according to FactSet.

Revenue climbed 8.3% to $242.4 million and topped Wall Street models for $239.4 million.

Active customers increased 4.8% to 2.69 million on a trailing 12-month basis, while average revenue per customer grew 6.9% to $331, the company said.

Co-Founder and Co-Chief Executive Neil Blumenthal said Warby Parker demonstrated resilience while navigating a dynamic market.

"We continue to invest in the customer experience and bring innovative new products like Warby Parker Sport to market, and the momentum we're building gives us confidence as we move through the balance of the year," he said.

Warby Parker is also continuing to develop intelligent eyewear, with Blumenthal saying the company believes it will be the first to introduce "truly intelligent AI glasses for all-day wear."

The company backed its outlook for the year, calling for net revenue of $959 million to $976 million.

Write to Connor Hart at connor.hart@wsj.com

(END) Dow Jones Newswires

May 07, 2026 11:03 ET (15:03 GMT)

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