Welcome to our dedicated page for National Vision news (Ticker: EYE), a resource for investors and traders seeking the latest updates and insights on National Vision stock.
National Vision Holdings Inc. (EYE) operates as a leading optical retailer providing accessible eye care services and affordable eyewear across the United States. This page serves as the definitive source for verified company news, offering investors and industry observers timely updates on corporate developments.
Find curated press releases and announcements covering earnings reports, strategic partnerships, operational expansions, and product innovations. Our aggregation ensures you stay informed about key initiatives in vision care accessibility, retail network growth, and technological advancements in optical services.
Content highlights include financial performance disclosures, leadership updates, community outreach programs, and regulatory filings. All materials are sourced directly from official company communications to ensure accuracy and compliance with financial reporting standards.
Bookmark this page for streamlined access to National Vision's latest developments. Check back regularly to monitor how EYE continues to shape the optical retail landscape through its integrated care model and consumer-focused solutions.
National Vision, Inc., a major optical retailer, has launched its 2024-2025 scholarship program for optometry students, focusing on AI and the Future of Eye Care. The program offers a total of $12,500 in scholarships, with a top prize of $7,500 and two runner-up awards of $2,500 each.
Third- and fourth-year optometry students from the U.S., Puerto Rico, and Canada are invited to submit written or video essays exploring the potential benefits and challenges of integrating AI into eye care. The program encourages students to share perspectives on how National Vision can lead in adopting these innovations to serve diverse communities and ensure access to quality care for all.
Submissions are open until January 31, 2025, with winners to be announced by March 1, 2025. Entry details are available at nvscholarship.eyesoneyecare.com.
National Vision, Inc. has announced an exclusive retail partnership with Pair Eyewear, expanding to all 1,000+ America's Best Stores. This collaboration establishes National Vision's Doctor of Optometry network as Pair Eyewear's official eye care provider. The partnership offers customers an affordable bundle including a comprehensive eye exam, one base frame, and two top frames.
The collaboration combines Pair Eyewear's customizable, stylish eyewear with America's Best's extensive reach and expertise. It aims to meet the needs of the 80% of eyewear consumers who prefer in-store shopping while offering the convenience of online purchasing.
Key features of the partnership include:
- An innovative personalized shopping experience
- Expanded accessibility nationwide
- Affordable bundles with eye exams and customizable frames
This partnership follows Pair Eyewear's investment in U.S. manufacturing facilities and expansion into global markets.
National Vision Holdings (NASDAQ: EYE) has announced its participation in the Goldman Sachs 31st Annual Global Retailing Conference. The company is scheduled to present on Wednesday, September 4, 2024, at 1:10 p.m. Eastern Time. Investors and interested parties can access a live webcast of the presentation through the company's website in the 'Investors' section. The presentation will also be archived and available on the website shortly after the event, providing an opportunity for those unable to attend live to review the content later.
National Vision, one of the largest optical retail companies in the U.S., has released its 2023 Sustainability Report, titled "A World Worth Seeing." The report highlights progress across the company's Social, Employees, Environment and Governance (SEE+G) framework. Key achievements include:
- Nearly 10 million people helped to see better and live better in 2023
- Over $4.1 million donated by National Vision and its charitable foundation, impacting more than 1.4 million lives
- $100,000 in scholarships provided to associates' children
- Hosted over 1,200 optometrists for the 2023 Continuing Education Symposium
- Continued rollout of electronic health records and energy-efficient lighting improvements
- Strengthened supplier sustainability commitments
The report aligns with SASB, GRI Standards, and UN Sustainable Development Goals.
National Vision has partnered with florence by mills™ to launch a Gen-Z focused eyewear collection in over 1,000 America's Best stores. The collection, developed with Mondottica Group, features sun and optical styles designed by Millie Bobby Brown, founder of florence by mills and an eyeglasses wearer since age 10.
The line aims to curate confidence in young wearers through pastel colors and sleek metal frames. Each frame purchase includes a comprehensive eye exam by a licensed optometrist. The collection also emphasizes sustainability, with sunglasses made from renewable acetate and recycled content.
This exclusive retail partnership makes affordable, quality, and stylish eyewear more accessible to Millie's fans and young consumers. The launch aligns with National Vision's goal to inspire eye health awareness among younger generations.
National Vision Holdings, Inc. (NASDAQ: EYE) has announced plans to repurchase approximately $218 million of its 2.50% Convertible Senior Notes due 2025 for a cash price of about $215 million plus accrued interest. To fund this, the company has secured commitments for $115 million in incremental term loans, expected to close on August 9, 2024. The repurchase is set to close around August 12, 2024, leaving about $85 million in 2025 Notes outstanding.
CFO Melissa Rasmussen stated that this opportunistic repurchase is expected to strengthen the company's balance sheet and aligns with their disciplined capital allocation plan. National Vision aims to continue making prudent decisions to build a foundation for profitable growth.
National Vision Holdings (NASDAQ: EYE) reported a 4.6% increase in net revenue to $451.7 million for Q2 2024, compared to Q2 2023. Comparable store sales grew by 2.2%, with an adjusted growth of 2.4%. The company posted a net loss of $1.0 million from continuing operations, translating to a diluted EPS of $(0.01). Adjusted operating income rose 13.8% to $14.1 million, and adjusted diluted EPS increased to $0.15. Discontinued operations, including the wind-down of the AC Lens business, resulted in a net loss of $2.1 million.
For the first half of 2024, net revenue grew by 4.2% to $934.5 million. The company opened 31 new stores and converted 20 Eyeglass World stores to America's Best stores. Operating expenses rose, with total costs applicable to revenue increasing by 6.2% and SG&A expenses by 4.4%. The company ended Q2 2024 with a cash balance of $179.5 million and total debt of $456.8 million.
National Vision revised its fiscal 2024 outlook, lowering net revenue expectations to $1.820-$1.840 billion and adjusted operating income to $57-$62 million. Adjusted comparable store sales growth outlook was also revised down to 0.5%-1.5%.
National Vision Holdings (NASDAQ: EYE) has announced significant leadership changes. Alex Wilkes will join as President on August 19, 2024, reporting to CEO Reade Fahs. Wilkes, formerly President of the Americas at CooperVision, brings extensive optical industry experience. This follows the July 1 appointment of Mark Banner as Chief Stores Officer.
Concurrently, Patrick Moore, Chief Operating Officer, will retire at the end of 2024. Moore will transition to an advisory role on August 19 to support leadership changes. These moves are part of National Vision's transformation strategy to drive profitable growth while maintaining its culture and values.
The company emphasizes Wilkes' strategic acumen and track record in sales and profit growth as key factors in his appointment. National Vision aims to leverage his expertise to accelerate business transformation and enhance value for patients, customers, and stakeholders.
National Vision Holdings, Inc. (NASDAQ: EYE) has appointed Caitlin Zulla to its Board of Directors, effective immediately. Zulla will serve on the Board's Compensation Committee. She brings extensive healthcare experience, currently serving as CEO of Optum Health East, part of UnitedHealth Group, where she oversees healthcare delivery for over 5.4 million patients across 10 states. Zulla's background includes executive positions at SCA Health and advanced degrees from Princeton, Columbia, and Dartmouth.
The appointment is part of National Vision's commitment to continuous board refreshment and aligns with the company's long-term goals. Zulla's expertise in healthcare, finance, and executive leadership is expected to contribute to National Vision's strategic initiatives and growth in providing affordable eye care and eyewear.
National Vision Holdings (NASDAQ: EYE) has announced its upcoming second quarter 2024 financial results release and conference call. The company will report its Q2 2024 results before the market opens on Wednesday, August 7, 2024. A conference call is scheduled for 8:30 a.m. Eastern Time on the same day. Interested parties can pre-register for the call and obtain dial-in information through the company's website. Additionally, a live audio webcast of the conference call, along with related materials, will be available in the 'Investors' section of National Vision's website. A replay of the webcast will be made available shortly after the broadcast.
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