Warby Parker (WRBY) Faces a Reality Check After an Underwhelming Glasses Launch
Riverwater Partners, a small-cap investment firm, reported underperforming results in its Q2 2026 letter, despite a strong overall market rally. The firm exited its position in eyewear company Warby Parker (WRBY) during the quarter, stating that the glasses launch underperformed expectations. Warby Parker closed at $24.60 per share on August 31, 2026, having dropped 17.78% over the past month and 3.72% over the past 52 weeks.
The investment firm believes AI stocks could offer better upside potential with less downside risk, and will likely reconsider Warby Parker if the stock reaches lower levels.
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