Welcome to our dedicated page for National Vision Holdings news (Ticker: EYE), a resource for investors and traders seeking the latest updates and insights on National Vision Holdings stock.
National Vision Holdings, Inc. (symbol: EYE) is a leading optical retailer in the United States, dedicated to making quality eye care and eyewear affordable and accessible. With a strong workforce of 8,000 employees, National Vision operates through its family of optical retailers, including America's Best Contacts & Eyeglasses, Eyeglass World, Vision Centers brought to you by Walmart, Vista Optical inside Fred Meyer, and optical centers on select military bases.
Currently, the company boasts over 800 retail locations spread across 44 states, the District of Columbia, and Puerto Rico. National Vision's mission is to help people by making quality eye care and eyewear more affordable and accessible.
The company is segmented into two main operating segments: the Owned and Host segment and the Legacy segment. The Owned and Host segment includes company-owned brands like America's Best and Eyeglass World, where vision care services are provided by optometrists or independent professional corporations. This segment also includes operations within Military and Fred Meyer locations, providing eye exams through independent optometrists.
The Legacy segment focuses on managing operations and supplying inventory and lab processing services to Legacy retail Vision Centers. The majority of the company's revenue is driven by the Owned and Host segment.
National Vision is one of the fastest-growing optical retailers in the country, continually working towards its vision that everyone deserves to see their best to live their best.
National Vision Holdings (NASDAQ: EYE) has announced significant leadership changes. Alex Wilkes will join as President on August 19, 2024, reporting to CEO Reade Fahs. Wilkes, formerly President of the Americas at CooperVision, brings extensive optical industry experience. This follows the July 1 appointment of Mark Banner as Chief Stores Officer.
Concurrently, Patrick Moore, Chief Operating Officer, will retire at the end of 2024. Moore will transition to an advisory role on August 19 to support leadership changes. These moves are part of National Vision's transformation strategy to drive profitable growth while maintaining its culture and values.
The company emphasizes Wilkes' strategic acumen and track record in sales and profit growth as key factors in his appointment. National Vision aims to leverage his expertise to accelerate business transformation and enhance value for patients, customers, and stakeholders.
National Vision Holdings, Inc. (NASDAQ: EYE) has appointed Caitlin Zulla to its Board of Directors, effective immediately. Zulla will serve on the Board's Compensation Committee. She brings extensive healthcare experience, currently serving as CEO of Optum Health East, part of UnitedHealth Group, where she oversees healthcare delivery for over 5.4 million patients across 10 states. Zulla's background includes executive positions at SCA Health and advanced degrees from Princeton, Columbia, and Dartmouth.
The appointment is part of National Vision's commitment to continuous board refreshment and aligns with the company's long-term goals. Zulla's expertise in healthcare, finance, and executive leadership is expected to contribute to National Vision's strategic initiatives and growth in providing affordable eye care and eyewear.
National Vision Holdings (NASDAQ: EYE) has announced its upcoming second quarter 2024 financial results release and conference call. The company will report its Q2 2024 results before the market opens on Wednesday, August 7, 2024. A conference call is scheduled for 8:30 a.m. Eastern Time on the same day. Interested parties can pre-register for the call and obtain dial-in information through the company's website. Additionally, a live audio webcast of the conference call, along with related materials, will be available in the 'Investors' section of National Vision's website. A replay of the webcast will be made available shortly after the broadcast.
National Vision announced the winners of its 2024 National Optometric Student Association (NOSA) scholarships, awarding a total of $7,000 to three optometry students. These scholarships recognize the students' essays on the role of optometrists in providing affordable eye care. The winners are Jerbrea Powell ($4,000), Victoria Laws ($2,000), and Baldemar Torres ($1,000).
The awards were presented at the National Optometric Association Convention in Philadelphia, emphasizing National Vision's commitment to supporting future optometrists, particularly in underserved communities. Their insightful assessments and community involvement distinguished them as scholarship recipients.
National Vision Holdings (NASDAQ: EYE) announces the appointment of Mark Banner as the new Chief Stores Officer, effective July 8, 2024. Banner brings extensive experience from his seven-year tenure at Sleep Number, where he served as senior vice president of retail and real estate. He also has an 18-year history at Signet Jewelers, advancing from store manager to vice president of strategic integration. CEO Reade Fahs expresses confidence in Banner's alignment with the company's customer-focused culture. Banner is enthusiastic about leading National Vision's talented team and enhancing the customer experience.
National Vision hosted its Annual Continuing Education Symposium in Phoenix and Orlando, bringing together over 1,000 optometrists across two weekends. The event, held from June 1-4 and June 8-11, provided up to 22 hours of continuing education credits to attendees. Highlights included COPE-approved lectures, patient schedule management for employed optometrists, and recognition for over 150 doctors, including special honors for long-serving members. Keynote speakers included National Vision's Chief Medical Officer Priti Patel and Head of Doctor Network Alexander Smith.
National Vision celebrates a milestone with the opening of its 1,000th America's Best store in South Philadelphia. The new store, located at 2230 West Oregon Avenue, opened on May 31 with a local celebration. This marks the 34th America's Best in Philadelphia, where since 2003, the brand has served 1.9M customers and provided 4.1M pairs of eyeglasses. CEO Reade Fahs highlighted the city's significance to the company. America's Best offers affordable eye care and eyewear, with eye exams and two pairs of glasses starting at $79.95. The company is expanding its use of electronic health records and remote technology, aiming for 700 remote-enabled stores by late 2024. A nationwide customer sweepstakes runs until June 8, 2024, offering a chance to win up to $1,000 in vouchers.
National Vision Holdings announced its participation in two upcoming investor conferences. The company will be attending the Jefferies Healthcare Conference on June 5, 2024, at 10:00 a.m. ET for a fireside chat. Additionally, National Vision will present at William Blair’s 44th Annual Growth Stock Conference on June 6, 2024, at 9:20 a.m. CT. Both events will be webcasted live and archived on the company's investor relations website.
National Vision Holdings, Inc. reported first quarter 2024 financial results, with net revenue of $542.5 million, a 4.2% increase, and total company net income of $11.7 million. The company reaffirmed its fiscal 2024 outlook and increased whitespace opportunity to at least 2,500 stores.
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