Earnings summaries and quarterly performance for National Vision Holdings.
Executive leadership at National Vision Holdings.
Board of directors at National Vision Holdings.
Research analysts who have asked questions during National Vision Holdings earnings calls.
Michael Lasser
UBS
5 questions for EYE
Also covers: AAP, ASO, AZO +24 more
Simeon Gutman
Morgan Stanley
5 questions for EYE
Also covers: AAP, ACI, ARHS +32 more
Anthony Chukumba
Loop Capital Markets LLC
4 questions for EYE
Also covers: ASO, BBY, FIVE +8 more
Dylan Carden
William Blair & Company
4 questions for EYE
Also covers: ANF, BIRD, BOOT +12 more
Zachary Fadem
Wells Fargo
4 questions for EYE
Also covers: AAP, AZO, CMG +11 more
Adrienne Yih-Tennant
Barclays
3 questions for EYE
Also covers: AEO, ANF, BBWI +18 more
Katharine McShane
Goldman Sachs Group, Inc.
3 questions for EYE
Also covers: AAP, ASO, BBWI +16 more
Paul Lejuez
Citigroup
3 questions for EYE
Also covers: , ACI, AEO +36 more
Angus Kelliher
Barclays PLC
2 questions for EYE
Brian Cheetham
Citigroup Inc.
2 questions for EYE
Brian Tanquilut
Jefferies
2 questions for EYE
Also covers: ACHC, ADUS, AHCO +29 more
John Elias
BMO Capital Markets
2 questions for EYE
Meghan Holtz
Jefferies Financial Group Inc.
2 questions for EYE
Also covers: AHCO, AVAH, DGX +4 more
Molly Baum
Bank of America
2 questions for EYE
Also covers: FND, LTH, MTN
Robert Ohmes
Bank of America
2 questions for EYE
Also covers: ACI, ARHS, ASO +17 more
Matthew Koranda
Roth Capital Partners, LLC
1 question for EYE
Also covers: AOUT, BYRN, CDRE +11 more
Simeon Siegel
BMO Capital Markets
1 question for EYE
Also covers: AEO, BBWI, BIRK +16 more
Recent press releases and 8-K filings for EYE.
National Vision Outlines Strategic Transformation and Financial Goals
EYE
CEO Change
Management Change
New Projects/Investments
- Alex Wilkes, who joined National Vision in summer 2024 and became CEO in August 2024, along with CFO Chris Layden, who joined in March (implied 2025), are leading a transformation playbook for the company, driven by the insight that their customer base is wealthier than previously anticipated.
- The company has committed to expanding operating margins by 50 to 150 basis points annually for the next five years, supported by $12 million in cost reductions in 2025 and an additional $20 million planned for 2026-2027.
- National Vision's growth strategy focuses on four key vectors: underdeveloped customer segments, underdeveloped product segments, enhanced customer experience (including a new e-commerce platform migration in 2026), and strategic physical store count footprint growth.
- To facilitate reinvestment into these pillars, the company will reduce new store growth in 2026 and 2027, with plans to re-accelerate in 2028.
Dec 3, 2025, 4:45 PM
National Vision Outlines Strategic Transformation and Growth Vectors
EYE
CEO Change
Guidance Update
New Projects/Investments
- Alex Wilkes became CEO in August 2024 and has initiated a "wholesale change" to National Vision's business model, driven by the insight that their customer base is wealthier than previously anticipated.
- The company is targeting 50 to 150 basis points of operating margin expansion per year over the next five years, supported by $12 million in cost savings identified for 2025 and an additional $20 million for 2026-2027.
- National Vision is focusing on four key growth vectors: underdeveloped customer segments (e.g., Managed Care, Outsider X), underdeveloped product segments (e.g., premium lenses), enhanced customer experience (including an e-commerce platform migration in 2026), and physical store footprint expansion.
- Store growth will be deliberately reduced in 2026 and 2027 to allow for reinvestment in other growth pillars, with plans to re-accelerate store openings in 2028.
- The company has over 730 doors enabled with remote eye care, with 10% of annual exams currently delivered through this method.
Dec 3, 2025, 4:45 PM
National Vision Undergoes Strategic Transformation with New Leadership and Growth Initiatives
EYE
CEO Change
Management Change
New Projects/Investments
- Alex Wilkes became CEO in August 2024, and Chris Layden joined as CFO in March 2025, leading a transformation at National Vision. They identified that their customer base is wealthier than previously thought, prompting changes in assortment, pricing, and brand strategy.
- The company achieved $12 million in cost savings in 2025 and identified an additional $20 million in cost reductions for 2026-2027. They aim to expand operating margins by 50 to 150 basis points annually over the next five years.
- National Vision is focusing on four key growth vectors: underdeveloped customer segments, underdeveloped product segments (e.g., premium lenses), enhanced customer experience (including migrating to the Adobe Experience Platform for e-commerce in 2026), and strategic store growth. Store growth will slow in 2026-2027 for reinvestment, with re-acceleration planned for 2028.
- The company is confident in achieving high single-digit annual net revenue growth and mid-single-digit comparable store sales growth, driven by these strategic initiatives and a shift to maximize profit per patient.
Dec 3, 2025, 4:45 PM
National Vision Details Strategic Transformation and Growth Plans
EYE
Revenue Acceleration/Inflection
New Projects/Investments
Guidance Update
- National Vision is undergoing a significant transformation, modernizing its business model and focusing on four growth vectors: underdeveloped consumers, underdeveloped products, enhanced customer experience, and new store growth.
- The company aims for high single-digit net revenue growth and mid-single-digit comparable store sales through 2030, with an annual operating margin expansion of 50-150 basis points to restore double-digit operating margin.
- Cost optimization initiatives include $10 million in SG&A reductions in 2025 and $20 million of annualized spend cost-outs implemented by Q4, with half expected to materialize in 2026.
- National Vision plans to open approximately 30 new stores in 2026 and 2027, accelerating to about 60 stores per year from 2028 to 2030, totaling around 240 new stores over the next five years.
- The company has reduced its net leverage ratio from 2.2 to 1.1 times and plans to reinvest 4-5% of net revenues annually into capital expenditures, balancing organic growth and new stores.
Nov 17, 2025, 3:00 PM
National Vision Outlines Strategic Reinvention and Long-Term Growth Targets
EYE
Revenue Acceleration/Inflection
New Projects/Investments
Guidance Update
- National Vision is undergoing a "bold reinvention" to modernize its operations, focusing on underdeveloped consumers and products, and enhancing customer experiences.
- The company projects high single-digit net revenue growth and 50-150 basis points of operating margin expansion annually through 2030, building on 7.1% net revenue growth and 120 basis points of operating margin improvement year-to-date through Q3.
- Key growth areas include attracting managed care, progressive wearers, and Outsider X customers, and increasing penetration of premium products like anti-reflective coatings and Transitions, which could generate $40 million in incremental revenue for a 1% increase across three elements.
- Investments are being made in digital transformation, including a new CRM system and upcoming e-commerce platform, alongside in-store enhancements like Opticam in all America's Best and Eyeglass World stores.
- Capital expenditures are planned at 4%-5% of net revenues annually, with new store growth expected to re-accelerate to over 60 stores annually starting in 2028 after opening around 30 stores a year in the short term.
Nov 17, 2025, 3:00 PM
National Vision Outlines Reinvention Strategy and Financial Outlook at Investor Day
EYE
Guidance Update
Revenue Acceleration/Inflection
New Projects/Investments
- National Vision is undergoing a bold reinvention and modernization of its business, with a hyper-focus on operating margin expansion and leveraging data to target high-value customers.
- For Q3 2025 Year to Date, the company reported Net Revenue of $1.5 billion, representing 7% YoY growth, and an Adjusted Operating Margin of 5.7%, a 120 basis point YoY improvement.
- The Fiscal 2025 outlook projects Net Revenue between $1.97 billion and $1.99 billion, Adjusted Comparable Store Sales Growth of 5.0% to 6.0%, and an Adjusted Operating Margin of 4.7% to 4.9%, reflecting approximately 100 basis points of year-over-year expansion.
- Future growth plans include opening approximately 240 new stores from 2026-2030 and achieving a minimum expected annualized cost reduction of ~$20 million from 2026-2027.
- Strategic initiatives aim to increase managed care penetration from approximately 40% of FY2024 sales to an ambition of ~50% and enhance product offerings in underdeveloped categories.
Nov 17, 2025, 3:00 PM
National Vision Outlines Transformation Strategy and Financial Outlook
EYE
Revenue Acceleration/Inflection
New Projects/Investments
Guidance Update
- National Vision is undergoing a significant reinvention and modernization across nearly every aspect of its business model, including strategy, consumer approach, marketing, technology, and in-store experiences.
- The company is focusing on four key growth vectors: underdeveloped consumers (Managed Care, progressive wearers, Outsider X), underdeveloped products (premium frames, lens coatings, Transitions, advanced materials), enhanced customer experience, and new store growth.
- Through Q3 2025, National Vision has driven 7.1% net revenue growth and 120 basis points of operating margin improvement.
- By the end of Q4 2025, the company will have begun implementing $20 million of annualized cost-out initiatives, with approximately half expected to materialize in 2026.
- For the next five years, National Vision plans for average high single-digit net revenue growth and 50-150 basis points of operating margin expansion annually, alongside opening 240 new stores.
Nov 17, 2025, 3:00 PM
EYE Reports Strong Q3 2025 Results and Updates Fiscal 2025 Outlook
EYE
Earnings
Guidance Update
Revenue Acceleration/Inflection
- EYE reported Net Revenues of $487.3 million for Q3 2025, representing a 7.9% increase compared to Q3 2024, with Adjusted Comparable Store Sales Growth of 7.7% primarily driven by a 7.1% increase in Average Ticket.
- Adjusted Diluted EPS for Q3 2025 was $0.13, contributing to a year-to-date Adjusted Diluted EPS of $0.65 on Net Revenues of $1.48 billion for the nine months ended September 27, 2025.
- The company ended Q3 2025 with 1,242 stores, reflecting a 0.9% growth in store count for the quarter.
- For Fiscal 2025, EYE projects Net Revenue between $1.970 billion and $1.988 billion, Adjusted Operating Income between $92 million and $98 million, and Adjusted Diluted EPS between $0.63 and $0.71.
Nov 5, 2025, 1:30 PM
EYE Reports Strong Q3 2025 Results and Raises Full-Year Guidance
EYE
Earnings
Guidance Update
Revenue Acceleration/Inflection
- EYE delivered strong Q3 2025 results, with net revenue increasing 7.9% and adjusted comparable store sales growing 7.7%. Adjusted EPS rose to $0.13 per share.
- The company's strategic focus on higher-value customer segments, refreshed merchandising mix, and new selling methods drove a 7.1% increase in average ticket. The managed care business showed strong growth, approaching low teens comp store sales growth.
- EYE raised its full-year 2025 guidance, now expecting revenue of $1.97-$1.99 billion, adjusted comparable store sales growth of 5%-6%, and adjusted EPS of $0.63-$0.71.
- Strategic initiatives include expanding the Meta-enabled smart glasses pilot to an additional 250 locations in Q4, evolving the assortment mix to have approximately 40% of frames priced at or above $99 by year-end, and implementing further pricing actions on lenses and bundle offers in Q4.
- The company continues to strengthen its balance sheet, having repaid $94.7 million in debt year-to-date, bringing total debt outstanding to $253.4 million at the end of Q3 2025.
Nov 5, 2025, 1:30 PM
National Vision Holdings, Inc. Reports Strong Q3 2025 Results and Raises Fiscal 2025 Outlook
EYE
Earnings
Guidance Update
Revenue Acceleration/Inflection
- National Vision Holdings, Inc. reported strong Q3 2025 financial results, with net revenue increasing 7.9% to $487.3 million and Adjusted Comparable Store Sales Growth of 7.7%.
- Diluted EPS from continuing operations for Q3 2025 was $0.04, and Adjusted Diluted EPS increased to $0.13.
- The company raised its Fiscal 2025 outlook (for the 53 weeks ending January 3, 2026), now expecting Net Revenue between $1.970 billion and $1.988 billion, Adjusted Comparable Store Sales Growth of 5.0% - 6.0%, and Adjusted Diluted EPS of $0.63 - $0.71.
- CEO Alex Wilkes highlighted that transformation initiatives are driving performance, with strong traffic growth and an intentional evolution of customer mix.
Nov 5, 2025, 11:06 AM
Quarterly earnings call transcripts for National Vision Holdings.
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