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Apr 01, 2023
National Vision Q1 2023 Earnings Report
Reported positive comparable sales growth amidst an uncertain macro environment, driven by strength in the managed care business.
Key Takeaways
National Vision Holdings, Inc. reported a 6.6% increase in net revenue to $562.4 million for the first quarter of 2023. Comparable store sales growth was 3.0%, and adjusted comparable store sales growth was 0.8%. Net income decreased to $18.3 million, with diluted EPS at $0.22. The company reaffirms its fiscal year 2023 outlook.
Net revenue increased by 6.6% to $562.4 million compared to Q1 2022.
Comparable store sales growth was 3.0%, and Adjusted Comparable Store Sales Growth was 0.8%.
Net income decreased 39.4% to $18.3 million compared to Q1 2022.
Adjusted Operating Income decreased 12.0% to $39.9 million compared to Q1 2022.
Revenue by Segment
Forward Guidance
The Company reaffirms the previously provided outlook for its key operating metrics, while updating its expectations for tax rate from 26% to 26% - 28%.
Positive Outlook
- New Stores: 65 - 70
- Adjusted Comparable Store Sales Growth: 0% - 3%
- Net Revenue: $2.075 - $2.135 billion
- Adjusted Operating Income: $48 - $66 million
- Adjusted Diluted EPS: $0.42 - $0.60
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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