National Vision Stock Price, News & Analysis

RestoringVision is launching a program this Native American Heritage Month to provide vision services and eyeglasses to 80,000 Native Americans across 10 reservations and tribes in the U.S. Funded by National Vision, Inc., the initiative aims to address serious health disparities and improve access to eye care for underserved populations. Poverty rates on reservations reach 25%, and some areas see unemployment rates as high as 85%. The program, in partnership with Walking Shield, Inc., intends to enhance education and productivity among Native Americans.

National Vision Holdings (NASDAQ: EYE) reported Q3 2022 financial results with net revenue decreasing 3.6% to $499.2 million. Comparable store sales declined by 8.0%, and net income dropped 71.9% to $11.5 million, with diluted EPS down 67.7% to $0.15. Adjusted operating income fell 60.8% to $21.5 million. Despite these challenges, the company opened 18 new stores and expanded remote medicine services in 300 stores, focusing on affordable eye care for higher-income consumers as it navigates a dynamic market.

National Vision, the second-largest optical retailer, is accepting applications for its $7,500 annual scholarship program for third- and fourth-year optometry students.

The contest focuses on “Increasing Access to Care Through Remote Exams.” Students can submit written or video essays discussing how remote care addresses barriers to eye care.

Entries must be submitted by January 31, 2023, with winners announced by March 1, 2023. The program aims to promote the importance of remote eye care and its technological advancements.

National Vision Holdings, Inc. (NASDAQ: EYE) will announce its third quarter 2022 financial results on November 10, 2022, before the market opens. A conference call to discuss these results will take place on the same day at 10:00 a.m. Eastern Time. Interested participants can pre-register for the call and access a live audio webcast through the company’s investors page. National Vision is the second largest optical retail company in the U.S., operating over 1,300 stores across the nation and Puerto Rico, under brands like America’s Best Contacts & Eyeglasses and Eyeglass World.

National Vision Holdings (NASDAQ: EYE) will present at the Goldman Sachs 29th Annual Global Retailing Conference on September 7, 2022, at 3:15 p.m. ET. A live webcast will be available in the Investors section of their website and archived post-event.

As the second largest optical retail company in the U.S., National Vision operates over 1,300 retail stores across 44 states and Puerto Rico, under brands like America's Best Contacts & Eyeglasses, Eyeglass World, and Vision Centers inside Walmart.

National Vision Holdings (NASDAQ: EYE) has announced leadership changes, with Patrick Moore transitioning to the role of Chief Operating Officer while remaining the Chief Financial Officer through 2022. Melissa Rasmussen, currently Senior Vice President, will succeed him as CFO starting January 1, 2023. The company also promoted David Mann to Senior Vice President, Investor Relations, and Heidi Henneman to Senior Vice President, Head of Stores. Roger Francis will depart for an international leadership role.

National Vision Holdings, Inc. (NASDAQ: EYE) reported a 7.3% decrease in net revenue, totaling $509.6 million for Q2 2022, alongside an 11.0% decline in comparable store sales. Net income fell 74.1% to $9.7 million, with diluted EPS down 70.9% to $0.12. Despite these challenges, the company opened 22 new stores, expanding its total to 1,314. Looking ahead, the company anticipates continued short-term impacts from economic factors but remains focused on growth strategies, including a partnership extension with EssilorLuxottica and a rollout of remote medicine in up to 300 stores by year-end.

National Vision Holdings, Inc. (NASDAQ: EYE) is set to release its second quarter 2022 financial results before the market opens on August 11, 2022. A conference call will follow at 10:00 a.m. Eastern Time on the same day to discuss the results. The live audio webcast will be accessible on the Company’s website where presentation materials will also be posted. National Vision, the second largest optical retail company in the U.S., operates over 1,300 stores and emphasizes making eye care more affordable and accessible.