National Vision Holdings reported a 6.6% increase in net revenue to $532.4 million for Q3 2023, driven by a 3.8% increase in comparable store sales growth. However, the company experienced a net loss of $73.8 million, or $(0.94) per diluted share, due to $79.4 million in non-cash impairment charges related to the termination of the Walmart partnership. Adjusted diluted EPS was $0.15, consistent with the prior year.
Net revenue increased by 6.6% to $532.4 million compared to Q3 2022.
Comparable store sales growth was 3.8%, with Adjusted Comparable Store Sales Growth of 4.3%.
Net loss was $73.8 million, or $(0.94) per diluted share, including $79.4 million in non-cash impairment charges.
Adjusted diluted EPS was $0.15, the same as in Q3 2022.
National Vision provided an updated outlook for the 52 weeks ending December 30, 2023, reflecting the expected impacts of macroeconomic factors and the Walmart partnership termination.
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