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, Inc. (NASDAQ: EYE) is set to release its first quarter 2023 financial results on May 11, 2023, before the market opens. The Company will hold a conference call at 8:30 a.m. Eastern Time on the same day to discuss these results. Investors can pre-register for the call through the Company’s website, where a live audio webcast will also be available.
National Vision is the second largest optical retail company in the U.S., operating over 1,300 stores in 44 states and Puerto Rico. The Company is dedicated to making quality eye care and eyewear more affordable and accessible, with a mission that reflects in its diversified retail brands.
Toku Inc. has successfully closed an $8 million Series A financing round, co-led by National Vision (NASDAQ: EYE) and Topcon Healthcare. This investment aims to enhance Toku's AI-driven technology, which analyzes retinal images to detect cardiovascular disease and related health risks. The funding will expedite the development of the BioAge Test, a non-invasive diagnostic tool that assesses biometric markers linked to overall health. Toku's CEO, Dr. Ehsan Vaghefi, emphasized the potential to prevent over 80% of cardiac events and diabetes-induced blindness by identifying risks early. The collaboration with National Vision and Topcon is expected to bridge the gap between eyecare and primary care, improving health outcomes through advanced imaging technology.
National Vision Holdings, Inc. has announced the winners of its eighth annual scholarship program, aimed at fostering innovation in optometry. This year's prompt focused on how technology can enhance access to eye care through remote examinations. The winners include Lydie Tubene from Illinois College of Optometry, awarded $7,500, along with runners-up Sara Masood and Mahnoor Shahzad, each receiving $2,500. Vice President Alex Smith emphasized the evolution of the optometry profession and expressed optimism for the future of primary eye care, highlighting the importance of these students' contributions to the field.
National Vision Holdings (NASDAQ: EYE) announced its participation in a fireside chat at the UBS Global Consumer and Retail Conference on March 15, 2023, at 11:00 a.m. Eastern Time. A live webcast can be accessed via the company’s Investors section. As the second largest optical retail company in the U.S. by sales, National Vision operates over 1,300 stores across 44 states and Puerto Rico. Its mission is to make quality eye care and eyewear affordable and accessible through various retail brands, including America’s Best Contacts & Eyeglasses and Eyeglass World.
National Vision Holdings reported Q4 2022 net revenue of $468.9 million, a 1.9% decline from Q4 2021. Comparable store sales fell 5.7%, while Adjusted Operating Income was $(6.8) million. The company posted a net loss of $(9.3) million or $(0.12 EPS, contrasting sharply with a net income of $6.2 million and $0.07 EPS in Q4 2021. For fiscal 2022, total revenue decreased 3.6% to $2.01 billion. Looking ahead to fiscal 2023, guidance includes net revenue between $2.075 billion to $2.135 billion and Adjusted Diluted EPS of $0.42 to $0.60, amid challenges such as inflation and geopolitical risks.
National Vision Holdings, Inc. (NASDAQ: EYE) will announce its fourth quarter and fiscal 2022 financial results on March 1, 2023, before the market opens. A conference call will follow at 8:30 a.m. Eastern Time on the same day, accessible via pre-registration. The company, the second largest optical retail chain in the U.S. with over 1,300 stores, aims to provide affordable eye care and eyewear through brands like America’s Best Contacts & Eyeglasses and Eyeglass World. Presentation materials will be available on its website prior to the call, with a replay offered shortly after.
RestoringVision is launching a program this Native American Heritage Month to provide vision services and eyeglasses to 80,000 Native Americans across 10 reservations and tribes in the U.S. Funded by National Vision, Inc., the initiative aims to address serious health disparities and improve access to eye care for underserved populations. Poverty rates on reservations reach 25%, and some areas see unemployment rates as high as 85%. The program, in partnership with Walking Shield, Inc., intends to enhance education and productivity among Native Americans.
National Vision Holdings (NASDAQ: EYE) reported Q3 2022 financial results with net revenue decreasing 3.6% to $499.2 million. Comparable store sales declined by 8.0%, and net income dropped 71.9% to $11.5 million, with diluted EPS down 67.7% to $0.15. Adjusted operating income fell 60.8% to $21.5 million. Despite these challenges, the company opened 18 new stores and expanded remote medicine services in 300 stores, focusing on affordable eye care for higher-income consumers as it navigates a dynamic market.
National Vision, the second-largest optical retailer, is accepting applications for its $7,500 annual scholarship program for third- and fourth-year optometry students.
The contest focuses on “Increasing Access to Care Through Remote Exams.” Students can submit written or video essays discussing how remote care addresses barriers to eye care.
Entries must be submitted by January 31, 2023, with winners announced by March 1, 2023. The program aims to promote the importance of remote eye care and its technological advancements.
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