National Vision Stock Price, News & Analysis

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.

National Vision Holdings, Inc. (NASDAQ: EYE) has awarded $7,000 in scholarships to three optometry students through its National Optometric Student Association (NOSA) scholarship program. Winners were recognized for their insights on remote care's role in serving underserved communities. Joanna Lopez from UC Berkeley received $4,000 for first place, supported by Renata Simeon and Elisabeth Schaffer as runners-up. The awards were presented during the National Optometric Association convention in Anaheim, California, highlighting the company's commitment to advancing primary eye care.

National Vision Holdings, Inc. (NASDAQ: EYE) hosted over 1,400 optometrists at its Annual Continuing Education Symposium from June 4-7 in Dallas, Texas, offering up to 22 hours of COPE-approved education. The event celebrated significant milestones for doctors within its network, highlighting the dedication and contributions of optometrists during the pandemic. 190 honorees were acknowledged for over 1,500 years of combined service, while 12 received the Optometrist of the Year Award.

National Vision Holdings, Inc. (NASDAQ: EYE) will present at the 42nd Annual William Blair Growth Stock Conference on June 8, 2022, at 8:40 a.m. Central Time. The presentation will be accessible via a live webcast on the Company's investor relations webpage. National Vision is the second largest optical retail company in the U.S., operating over 1,300 stores across 44 states and Puerto Rico. The company focuses on making eye care and eyewear affordable through its various retail brands, including America’s Best Contacts & Eyeglasses and Eyeglass World.

National Vision Holdings, Inc. (NASDAQ: EYE) has launched its Pride Collection, a limited series of gender-neutral eyewear in celebration of Pride Month and the LGBTQ+ community. The collection includes eight optical frames and four sunglasses, priced at $89.95 each or two for $143.95. To support the cause, the company is donating $25,000 to the Matthew Shepard Foundation, which works towards dignity and equality for all. The collection is available in America’s Best Contacts & Eyeglasses stores and select Walmart Vision Centers.

National Vision Holdings reported a 1.2% decrease in net revenue, totaling $527.7 million, and a significant 30.6% drop in net income to $30.1 million for Q1 2022. Comparable store sales fell 4.9%, with adjusted figures at (6.8)%. Operating income also decreased 33.0% to $45.3 million. Despite these challenges, the company opened 17 new stores and aims to enhance exam capacity amid inflationary pressures. The revised fiscal 2022 outlook anticipates net revenue between $2.01 - $2.07 billion and adjusted diluted EPS of $0.65 - $0.80.

National Vision Holdings (NASDAQ: EYE) will disclose its Q1 2022 financial outcomes before the market opens on May 10, 2022. An investor conference call is scheduled for the same day at 8:30 a.m. ET, accessible at 866-374-5140 (U.S.) or 404-400-0571 (international) with passcode 14749502. A live webcast will be available on the Company’s website. National Vision operates over 1,200 stores, making it the second-largest optical retailer in the U.S., focused on affordable eye care.