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 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.
National Vision, Inc. has launched its annual scholarship program for third- and fourth-year optometry students, offering a total of $7,500 for the first-place winner, the largest amount in the program's history. Students are invited to submit essays or videos on the topic of affordable primary eye care amid rising healthcare costs. Submissions are due by February 15, 2022, and winners will be announced on April 1, 2022. The initiative aims to promote accessibility in eye care as the company operates over 1,200 retail locations across the U.S. and Puerto Rico.
National Vision Holdings reported a strong third quarter for fiscal 2021, with net revenue increasing by 19.9% to $518 million compared to Q3 2019, driven by a 15.7% growth in comparable store sales. The company achieved a net income of $41 million and diluted EPS of $0.45, marking substantial increases from previous years. With a new $50 million share repurchase program and a $50 million prepayment on loans, the company is strengthening its financial position amid ongoing market challenges.
National Vision Holdings, Inc. (NASDAQ: EYE) will disclose its Q3 2021 financial results on November 10, 2021, before market opening. A conference call is scheduled for the same day at 10:00 a.m. Eastern Time, with access through U.S. and international dialing options, and a passcode of 8189528. Participants can also join via a live audio webcast available on the Company’s website. The call will be archived for replay until November 17, 2021. National Vision is recognized as the second largest optical retail firm in the U.S., operating over 1,200 stores across 44 states and Puerto Rico.
National Vision, Inc. has released its inaugural Corporate Responsibility Report titled A World Worth Seeing. The report emphasizes the company's commitment to enhancing transparency in its environmental, social, and governance (ESG) initiatives. Key highlights include over $2.3 million donated to nonprofits for global vision issues, improved employee benefits such as extended parental leave, and completion of a Greenhouse Gas Emissions Inventory. Additionally, National Vision has established a Diversity, Equity, and Inclusion (DEI) strategy. The report aligns with recognized standards like SASB and GRI.
National Vision Holdings, Inc. (NASDAQ: EYE) has launched its limited-edition "Pumpkin Spice Latte Collection" of eyeglass frames, featuring 12 exclusive designs for men and women. Priced under $100, these frames are inspired by the popular fall beverage and offer a stylish, affordable option for eyewear. The collection is available in all America’s Best retail locations and online. Megan Molony, Senior VP of Merchandising, emphasized the collection's appeal during the fall season, making quality eyewear accessible to customers.
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