National Vision Stock Price, News & Analysis

National Vision Holdings, Inc. (NASDAQ: EYE) is set to release its first quarter 2023 financial results on May 11, 2023, before the market opens. The Company will hold a conference call at 8:30 a.m. Eastern Time on the same day to discuss these results. Investors can pre-register for the call through the Company’s website, where a live audio webcast will also be available.

National Vision is the second largest optical retail company in the U.S., operating over 1,300 stores in 44 states and Puerto Rico. The Company is dedicated to making quality eye care and eyewear more affordable and accessible, with a mission that reflects in its diversified retail brands.

Toku Inc. has successfully closed an $8 million Series A financing round, co-led by National Vision (NASDAQ: EYE) and Topcon Healthcare. This investment aims to enhance Toku's AI-driven technology, which analyzes retinal images to detect cardiovascular disease and related health risks. The funding will expedite the development of the BioAge Test, a non-invasive diagnostic tool that assesses biometric markers linked to overall health. Toku's CEO, Dr. Ehsan Vaghefi, emphasized the potential to prevent over 80% of cardiac events and diabetes-induced blindness by identifying risks early. The collaboration with National Vision and Topcon is expected to bridge the gap between eyecare and primary care, improving health outcomes through advanced imaging technology.

National Vision Holdings, Inc. has announced the winners of its eighth annual scholarship program, aimed at fostering innovation in optometry. This year's prompt focused on how technology can enhance access to eye care through remote examinations. The winners include Lydie Tubene from Illinois College of Optometry, awarded $7,500, along with runners-up Sara Masood and Mahnoor Shahzad, each receiving $2,500. Vice President Alex Smith emphasized the evolution of the optometry profession and expressed optimism for the future of primary eye care, highlighting the importance of these students' contributions to the field.

National Vision Holdings (NASDAQ: EYE) announced its participation in a fireside chat at the UBS Global Consumer and Retail Conference on March 15, 2023, at 11:00 a.m. Eastern Time. A live webcast can be accessed via the company’s Investors section. As the second largest optical retail company in the U.S. by sales, National Vision operates over 1,300 stores across 44 states and Puerto Rico. Its mission is to make quality eye care and eyewear affordable and accessible through various retail brands, including America’s Best Contacts & Eyeglasses and Eyeglass World.

National Vision Holdings reported Q4 2022 net revenue of $468.9 million, a 1.9% decline from Q4 2021. Comparable store sales fell 5.7%, while Adjusted Operating Income was $(6.8) million. The company posted a net loss of $(9.3) million or $(0.12 EPS, contrasting sharply with a net income of $6.2 million and $0.07 EPS in Q4 2021. For fiscal 2022, total revenue decreased 3.6% to $2.01 billion. Looking ahead to fiscal 2023, guidance includes net revenue between $2.075 billion to $2.135 billion and Adjusted Diluted EPS of $0.42 to $0.60, amid challenges such as inflation and geopolitical risks.