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) reported a strong first quarter for 2021, with net revenue increasing by 13.7% to $534.2 million compared to the same quarter in 2020. The company opened 25 new stores, raising its total to 1,230 stores. Net income soared by 346% to $43.4 million, while diluted earnings per share surged 302% to $0.48. Adjusted Comparable Store Sales Growth reached 35.8%. However, unearned revenue created a negative impact of 7.4% on revenue and profitability. The company projects net revenue between $1.975 - $2.025 billion for fiscal 2021.
National Vision Holdings (NASDAQ: EYE) announced a two-year philanthropic collaboration with Americares and RestoringVision to provide free eyeglasses to vulnerable populations in the U.S. The company will donate $250,000 annually, totaling $500,000. This partnership aims to enhance access to vision care and improve the quality of life for low-income and uninsured individuals, with a goal of delivering up to 500,000 pairs of glasses. The initiative aligns with National Vision's mission to make eye care affordable and accessible, addressing health equity and economic disparities.
National Vision Holdings, Inc. (NASDAQ: EYE) will announce its Q1 2021 financial results on May 13, 2021, before market opening. A conference call to discuss these results will occur at 10:00 a.m. ET on the same day, accessible via phone or live audio webcast. National Vision operates over 1,200 stores across 44 states, focusing on affordable optical care under multiple brands such as America’s Best Contacts & Eyeglasses and Eyeglass World. The company is committed to enhancing accessibility to quality eyewear.
National Vision Holdings, Inc. (NASDAQ: EYE) has appointed Roger Francis as Chief Stores Officer, effective May 3, 2021. Francis, previously with CVS for 18 years, will oversee operations for over 1,200 stores and contribute to advancing National Vision's growth strategies. He succeeds Sharon Petitt, who will retire on July 1, 2021, after 40 years in the optical industry. National Vision aims to enhance the customer experience in optical retail, leveraging Francis's extensive retail healthcare expertise.
National Vision Holdings, Inc. (NASDAQ: EYE) has awarded $7,000 in grants to three optometry students for their essays on the lasting impacts of COVID-19 on optometric practice. The first-place winner, Juan Manuel Giraldo, received $5,000, while Dana Shannon and Nhi Trinh each received $1,000 as runners-up. This initiative highlights the company's commitment to supporting the next generation of optometrists and fostering innovative thinking in healthcare.
National Vision Holdings, Inc. (NASDAQ: EYE) will present at the Bank of America Consumer and Retail Technology Conference on March 9, 2021, at 2:30 p.m. ET. A live audio webcast will be available on the Company’s investor website. National Vision operates over 1,200 retail stores under five brands, including America’s Best Contacts & Eyeglasses and Eyeglass World, aiming to make quality eye care more accessible and affordable across 44 states, the District of Columbia, and Puerto Rico.
National Vision, trading under NASDAQ: EYE, reported robust fourth quarter results for FY 2020, marking a 23.6% increase in net revenue to $496.7 million. Net income surged 795% to $35.1 million, with diluted EPS up 779% to $0.42. Adjusted EBITDA soared 118% to $83.5 million. Despite a fiscal year revenue dip of 0.7% to $1.71 billion, the company anticipates opening approximately 75 new stores in 2021 and expects adjusted diluted EPS between $0.88 - $0.93.
National Vision Holdings, Inc. (NASDAQ: EYE) will announce its fourth quarter 2020 financial results on March 3, 2021, before market open. A conference call to discuss these results will occur on the same day at 10:00 a.m. Eastern Time, accessible via phone or live audio webcast. With over 1,200 stores across 44 states plus Washington D.C. and Puerto Rico, National Vision aims to make quality eye care affordable. Interested parties can find more information on the Company's investor relations webpage.
National Vision Holdings, Inc. (NASDAQ: EYE) appointed Jose Armario to its Board of Directors, effective immediately. Armario, formerly CEO of Bojangles, brings extensive experience from his 20 years at McDonald’s. His appointment adds to a diverse Board of nine members, enhancing governance and corporate responsibility efforts. CEO Reade Fahs praised Armario's operational strength and leadership. In total, three new Board members have been added in the past five months, indicating a strategic focus on expertise and diversity.
National Vision Holdings, Inc. (NASDAQ: EYE) will participate in the Morgan Stanley Virtual Global Consumer & Retailing Conference on December 2, 2020, at 1:00 p.m. ET. A live audio webcast will be available on the Investors section of the Company’s website, with an archived version posted shortly after the event.
National Vision operates over 1,200 retail stores across 44 states and Puerto Rico, providing affordable and accessible eye care through brands like America’s Best Contacts and Eyeglass World.
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