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Mar 28, 2020
National Vision Q1 2020 Earnings Report
National Vision's financial performance was affected by COVID-19 pandemic and temporary store closures, while pre-COVID-19 business was robust.
Key Takeaways
National Vision Holdings reported a 1.8% increase in net revenue to $469.7 million for the first quarter of 2020. However, the company experienced a decrease in comparable store sales growth and a decline in net income and diluted EPS due to the impact of the COVID-19 pandemic and temporary store closures.
Net revenue increased 1.8% to $469.7 million.
Comparable store sales growth was (2.9)%, while Adjusted Comparable Store Sales Growth was (10.3)%.
Net income decreased 44.1% to $9.7 million, and diluted EPS decreased 44.6% to $0.12.
Adjusted Operating Income decreased 10.8% to $38.1 million.
Revenue by Segment
Forward Guidance
National Vision withdrew its previously issued fiscal 2020 outlook due to the ongoing uncertainty surrounding the magnitude and duration of the COVID-19 pandemic and its impact on the U.S.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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