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Oct 02, 2021
National Vision Q3 2021 Earnings Report
Reported third quarter financial results and updated fiscal year 2021 outlook.
Key Takeaways
National Vision Holdings, Inc. reported a net revenue increase of 19.9% to $518.0 million compared to the third quarter of 2019, with a net income of $41.0 million and a diluted EPS of $0.45.
Net revenue increased 19.9% to $518.0 million compared to the third quarter of 2019.
Comparable store sales growth was 15.7%; Adjusted Comparable Store Sales Growth was 13.3%.
Net income increased 3,339% to $41.0 million compared to the third quarter of 2019.
The board authorized a $50 million share repurchase program and the company made a $50 million Term Loan A prepayment.
Revenue by Segment
Forward Guidance
The Company’s updated fiscal 2021 outlook reflects the currently expected impacts related to COVID-19, however, the ultimate impacts of COVID-19 on the Company’s financial outlook remain uncertain.
Positive Outlook
- New Stores ~75
- Adjusted Comparable Store Sales Growth 21% - 22%
- Net Revenue $2.04 - $2.06 billion
- Adjusted Operating Income $180 - $187 million
- Adjusted Diluted EPS $1.28 - $1.33
Historical Earnings Impact
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Avg. Return Before/After Earnings
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