National Vision Holdings, Inc. reported a decrease in net revenue by 39.5% to $260.0 million and a net loss of $(43.8) million for the second quarter ended June 27, 2020. The company's performance was impacted by temporary store closures in March 2020, but saw a strong rebound in June with comparable store sales growth of 14.3%.
Net revenue decreased 39.5% to $260.0 million.
Comparable store sales growth was (44.7)%, with Adjusted Comparable Store Sales Growth of (36.5)%.
Net loss was $(43.8) million, with a Diluted EPS of $(0.55).
Extended partnership with Walmart Inc. for three years.
Given the uncertainty surrounding the magnitude and duration of the COVID-19 pandemic, the Company withdrew its fiscal 2020 outlook on March 27, 2020 and is not providing an earnings outlook at this time. However, the Company is providing the following updated assumptions for fiscal 2020:
Visualization of income flow from segment revenue to net income
Analyze how earnings announcements historically affect stock price performance