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 reported a 1.2% decrease in net revenue, totaling $527.7 million, and a significant 30.6% drop in net income to $30.1 million for Q1 2022. Comparable store sales fell 4.9%, with adjusted figures at (6.8)%. Operating income also decreased 33.0% to $45.3 million. Despite these challenges, the company opened 17 new stores and aims to enhance exam capacity amid inflationary pressures. The revised fiscal 2022 outlook anticipates net revenue between $2.01 - $2.07 billion and adjusted diluted EPS of $0.65 - $0.80.
National Vision Holdings (NASDAQ: EYE) will disclose its Q1 2022 financial outcomes before the market opens on May 10, 2022. An investor conference call is scheduled for the same day at 8:30 a.m. ET, accessible at 866-374-5140 (U.S.) or 404-400-0571 (international) with passcode 14749502. A live webcast will be available on the Company’s website. National Vision operates over 1,200 stores, making it the second-largest optical retailer in the U.S., focused on affordable eye care.
National Vision Holdings, Inc. (NASDAQ: EYE) has appointed Joe VanDette as the new Chief Marketing Officer, reporting to CEO Reade Fahs. VanDette brings over two decades of transformative marketing experience, focusing on data-driven strategies to enhance brand management and customer engagement. Previously, he served as the Chief Marketing and Digital Officer for Smart & Final, where he significantly improved brand awareness and e-commerce growth. His appointment is anticipated to strengthen National Vision's marketing efforts and align with its mission of providing affordable eye care.
National Vision Holdings, Inc. has awarded scholarships to three optometry students as part of its seventh annual scholarship program, emphasizing the importance of affordable primary eye care. This year, a record number of entries were received, showcasing a strong interest among future optometrists. The first-place winner, Juan Giraldo, received $7,500, while Alicja Biniek and Aliya Shafi each received $2,500. The scholarships aim to support students in addressing the growing challenge of eye care accessibility.
National Vision Holdings, Inc. (NASDAQ: EYE) will participate in a fireside chat at the UBS Global Consumer and Retail Conference on March 10, 2022, at 3:00 p.m. ET. Investors can access a live webcast on the company's website, which will be archived after the event. National Vision is the second largest optical retail company in the U.S., operating over 1,200 stores across 44 states and Puerto Rico, with a mission to make quality eye care more affordable and accessible through brands like America’s Best Contacts & Eyeglasses and Eyeglass World.
National Vision Holdings, Inc. (EYE) reported a 58.6% increase in net income to $6.2 million and a 56.2% rise in diluted EPS to $0.07 for Q4 2021, compared to Q4 2019. Net revenue reached $477.9 million, growing 18.9% from Q4 2019 but down 3.8% from Q4 2020. The company plans to open at least 80 new stores in 2022 and has expanded its share repurchase program by $100 million. For fiscal 2022, it expects net revenue between $2.12 and $2.17 billion. Market challenges include the ongoing effects of COVID-19 and the impact of severe weather on operations.
National Vision Holdings, Inc. (NASDAQ: EYE) is set to announce its fourth quarter 2021 financial results on February 28, 2022, before the market opens. The company will also host a conference call at 10:00 a.m. Eastern Time on the same day to discuss the results, which will be accessible via phone or live audio webcast. National Vision operates over 1,200 optical retail locations across the U.S., providing affordable eye care through various brands. For further investor information, visit nationalvision.com/investors.
National Vision Holdings (NASDAQ: EYE) announced that VP David Mann was named Best IR Professional in the midcap retail sector by Institutional Investor's 2022 All-America Executive Team. The company received top rankings for Best IR Team and second place for Analyst Day and Best IR Program. The rankings reflect feedback from over 3,400 industry professionals on investment services and communication, showcasing National Vision's commitment to excellence in investor relations.
National Vision Holdings, Inc. (NASDAQ: EYE) has increased its share repurchase program by $50 million to a total of $100 million. Since initiating the original program on November 8, 2021, the company has repurchased about 1 million shares at a cost of $48.4 million. CEO Reade Fahs noted the buyback aims to counteract share dilution from equity grants and capitalize on current attractive share prices, reflecting confidence in future cash flow and growth. The program is set to run until December 30, 2023, funded by cash on hand.
National Vision Holdings, Inc. (NASDAQ: EYE) will participate in a fireside chat at the Morgan Stanley Virtual Global Consumer & Retail Conference on December 1, 2021, at 10:15 a.m. Eastern Time. Investors can access the live webcast on the company's website, which will be archived for later viewing. National Vision is the second largest optical retail company in the U.S., operating over 1,200 stores across 44 states and Puerto Rico, focusing on affordable and accessible eye care through brands like America’s Best Contacts & Eyeglasses and Eyeglass World.
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