Welcome to our dedicated page for National Vision news (Ticker: EYE), a resource for investors and traders seeking the latest updates and insights on National Vision 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 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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