National Vision Holdings Inc

Latest Results (20.08.2024):

Revenue Growth

National Vision Holdings Inc. reported net revenue of $506.4 million for the fourth quarter of 2023, marking an 8.0% increase from Q4 2022. This growth was primarily driven by an increase in Adjusted Comparable Store Sales Growth and new store sales, partially offset by store closures.

Comparable Store Sales

For the fourth quarter of 2023, National Vision Holdings Inc. achieved a comparable store sales growth of 6.0% and an Adjusted Comparable Store Sales Growth of 5.7% compared to Q4 2022. This growth reflects an increase in customer transactions and higher average ticket values.

Net Loss

National Vision Holdings Inc. reported a net loss of $(16.0) million for the fourth quarter of 2023, with a diluted EPS of $(0.20). This includes $4.9 million in expenses related to the termination of the Walmart partnership, compared to a net loss of $(9.3) million and diluted EPS of $(0.12) in Q4 2022.

Adjusted Operating Income

In the fourth quarter of 2023, National Vision Holdings Inc. reported an Adjusted Operating Income of $0.3 million, a significant improvement compared to $(6.8) million in Q4 2022. This improvement was driven by disciplined expense management and effective marketing campaigns.

Fiscal Year 2023 Performance

For the fiscal year 2023, National Vision Holdings Inc. reported net revenue of $2,126.5 million, a 6.0% increase from fiscal year 2022. The company also reported a net loss of $(65.9) million, inclusive of $79.7 million in non-cash impairment charges and $7.0 million in expenses related to the termination of the Walmart partnership, compared to a net income of $42.1 million in fiscal year 2022.