National Vision Holdings Inc

EYE

Equity

ISIN US63845R1077 / Valor 38523646

NASDAQ (2024-11-21)

USD 11.55+1.85%

National Vision Holdings Inc
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About company

National Vision Holdings Inc is a rapidly expanding optical retail company in the United States, operating a network of over 1,100 stores across 38 states and Puerto Rico. The company offers a wide range of eyewear products and services, catering to the vision needs of a diverse customer base. With a strong presence in the market, National Vision Holdings Inc continues to grow and innovate in the optical industry, providing quality eyewear solutions to its customers.

Summarized from source with an LLMView SourceSector: Healthcare

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.

Summarized from source with an LLMView Source

Key figures

-40.8%1Y

-76.3%3Y

-59.4%5Y

Performance

54.9%1Y

59.1%3Y

60.3%5Y

Volatility