Earnings summaries and quarterly performance for National Vision Holdings.
Executive leadership at National Vision Holdings.
Board of directors at National Vision Holdings.
CZ
Caitlin Zulla
Detailed
Director
JM
James McGrann
Detailed
Director
JA
Jose Armario
Detailed
Director
MN
Michael Nicholson
Detailed
Director
NK
Naomi Kelman
Detailed
Director
RP
Randolph Peeler
Detailed
Lead Independent Director
SJ
Susan Johnson
Detailed
Director
SO
Susan O'Farrell
Detailed
Director
VH
Virginia Hepner
Detailed
Director
Research analysts who have asked questions during National Vision Holdings earnings calls.
ML
Michael Lasser
UBS
5 questions for EYE
Also covers: AAP, ASO, AZO +24 more
SG
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
AY
Adrienne Yih-Tennant
Barclays
3 questions for EYE
Also covers: AEO, ANF, BBWI +18 more
KM
Katharine McShane
Goldman Sachs Group, Inc.
3 questions for EYE
Also covers: AAP, ASO, BBWI +16 more
PL
Paul Lejuez
Citigroup
3 questions for EYE
Also covers: , ACI, AEO +36 more
AK
Angus Kelliher
Barclays PLC
2 questions for EYE
BC
Brian Cheetham
Citigroup Inc.
2 questions for EYE
Brian Tanquilut
Jefferies
2 questions for EYE
Also covers: ACHC, ADUS, AHCO +29 more
JE
John Elias
BMO Capital Markets
2 questions for EYE
MH
Meghan Holtz
Jefferies Financial Group Inc.
2 questions for EYE
Also covers: AHCO, AVAH, DGX +4 more
MB
Molly Baum
Bank of America
2 questions for EYE
Also covers: FND, LTH, MTN
RO
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 Transformation Strategy and Long-Term Growth Targets
EYE
Guidance Update
Revenue Acceleration/Inflection
New Projects/Investments
- National Vision is in the early stages of a significant transformation strategy, which began in 2024 and is expected to have many years of runway left. This strategy focuses on shifting to a more innovative, digital model, elevating assortment, and segmenting customers.
- The company aims to drive operating margin expansion, having seen a 120 basis point increase through Q3 2025. This is supported by strategies like premiumizing product offerings (e.g., frames over $99 increased from 20% in 2024 to 40% in 2025) and optimizing service for higher-profitability managed care customers, which currently represent 40% of the mix.
- National Vision's long-term growth algorithm targets high single-digit revenue growth, mid-single-digit comparable store sales, and an annual operating margin expansion of 50 to 150 basis points over the next five years, aiming to restore double-digit operating margin rates.
- The company is investing in technology and infrastructure, including revamping its CRM platform with Adobe in 2025, transitioning e-commerce to Adobe in 2026, and implementing a new ERP in 2025. New store growth is moderated to approximately 30 stores annually through 2027, with re-acceleration planned beyond 2028.
Jan 13, 2026, 2:00 PM
National Vision Discusses Transformation Strategy and Long-Term Growth at ICR Conference
EYE
Guidance Update
New Projects/Investments
Revenue Acceleration/Inflection
- National Vision is executing a transformation strategy to shift to an innovative digital model, elevating assortment and customer segmentation, which has already yielded stronger profitability and mid-single-digit comparable store sales growth in 2025.
- The strategy aims for operating margin expansion, with a 120 basis point increase through Q3, by targeting more profitable customer segments and premium product offerings.
- The company is increasing its premium frame offerings, with 40% of frames priced over $99 by the end of 2025 (up from 20% in 2024), and optimizing for managed care customers, who represent 40% of transactions and are significantly more profitable.
- National Vision's long-term growth algorithm targets high single-digit revenue growth, mid-single-digit comps, and 50-150 basis points of operating margin expansion annually over the next five years.
- Strategic investments include revamping the CRM platform with Adobe (started 2025) and transitioning e-commerce to Adobe in 2026, alongside moderated new store growth of approximately 30 stores annually through 2027.
Jan 13, 2026, 2:00 PM
National Vision (EYE) Discusses 2025 Performance and Future Strategy at ICR Conference
EYE
Guidance Update
Revenue Acceleration/Inflection
New Projects/Investments
- National Vision (EYE) reported a remarkable 2025, with shares up over 170% and mid-single-digit comparable store sales growth, alongside a 120 basis point expansion in operating margin through Q3 2025.
- The company is in the early stages of a strategic transformation focused on shifting to a more innovative, digital model, elevating assortment, and segmenting customers, which has led to an increase in premium frame offerings from 20% in 2024 to 40% by the end of 2025.
- National Vision is redirecting marketing investments towards higher-value customer segments, particularly managed care customers, who represent 40% of their mix and offer significantly higher profitability.
- Long-term financial targets over the next five years include high single-digit revenue growth, mid-single-digit comparable store sales growth, and 50-150 basis points of operating margin expansion annually, aiming to restore operating margin to double-digit percentages.
- The company has moderated new store growth to approximately 30 stores in 2025 and through 2027, reinvesting in organic growth opportunities and technology, with plans to re-accelerate new store growth from 2028 onwards.
Jan 13, 2026, 2:00 PM
National Vision Holdings Reaffirms Fiscal 2025 Outlook
EYE
Guidance Update
New Projects/Investments
- National Vision Holdings, Inc. reaffirmed its fiscal 2025 outlook for the 53 weeks ending January 3, 2026.
- The company projects Net Revenue to be between $1.970 billion and $1.988 billion, and Adjusted Diluted EPS between $0.63 and $0.71.
- Adjusted Operating Income is expected to range from $92 million to $98 million, with Adjusted Comparable Store Sales Growth anticipated at 5.0% to 6.0%.
- The outlook also includes plans for approximately 32 new stores and Capital Expenditures of $80 million to $85 million.
Jan 13, 2026, 12:00 PM
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
Quarterly earnings call transcripts for National Vision Holdings.
Ask Fintool AI Agent
Get instant answers from SEC filings, earnings calls & more