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Mar 30, 2024
National Vision Q1 2024 Earnings Report
National Vision reported first quarter results in line with expectations, reflecting a sequential improvement in the second half of the period.
Key Takeaways
National Vision Holdings reported a 4.2% increase in net revenue on a continuing operations basis to $542.5 million. Diluted EPS was $0.16 and Adjusted Diluted EPS was $0.30. The company is reaffirming its fiscal 2024 outlook.
Net revenue increased 4.2% to $542.5 million compared to the first quarter of 2023.
Comparable store sales growth was 1.4% and Adjusted Comparable Store Sales Growth was 0.4%.
The Company opened 14 new stores, and converted 20 Eyeglass World stores to America's Best stores, and ended the period with 1,201 stores.
Adjusted Operating Income increased 5.5% to $35.8 million compared with the first quarter of 2023.
Revenue by Segment
Forward Guidance
The Company is reaffirming outlook for the 52 weeks ending December 28, 2024:
Positive Outlook
- New Stores: 65 - 70
- Adjusted Comparable Store Sales Growth: 2.0% - 4.0%
- Net Revenue: $1.965 - $2.005 billion
- Adjusted Operating Income: $61 - $76 million
- Adjusted Diluted EPS: $0.50 - $0.65
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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