Loading...
•
Sep 28, 2024
National Vision Q3 2024 Earnings Report
Reported financial results for the third quarter ended September 28, 2024, reflecting ongoing strength in managed care with growth in America’s Best as transformation initiatives progress.
Key Takeaways
National Vision Holdings, Inc. reported a 2.9% increase in net revenue to $451.5 million, driven by new store sales and comparable store sales growth. The company experienced a net loss of $(8.4) million, or $(0.11) per share, but an adjusted EPS of $0.12. They reaffirmed their fiscal 2024 outlook for key metrics and updated capital expenditure expectations.
Net revenue increased by 2.9% to $451.5 million.
Comparable store sales growth was 1.4%, with adjusted comparable store sales growth of 0.9%.
The company opened 18 new stores, closing two America’s Best and one Military store, ending the quarter with 1,231 stores.
Adjusted Operating Income increased 22.2% to $14.3 million.
Revenue by Segment
Forward Guidance
National Vision reaffirms the previously provided outlook for its key operating metrics, while updating its expectations for capital expenditures. The Company is providing the following outlook for the 52 weeks ending December 28, 2024:
Positive Outlook
- New Stores: 65-70
- Adjusted Comparable Store Sales Growth: 0.5% - 1.5%
- Net Revenue (billions): $1.820 - $1.840
- Adjusted Operating Income (millions): $57 - $62
- Adjusted Diluted EPS: $0.45 - $0.50
Challenges Ahead
- Macro-economic factors, including inflation
- Geopolitical instability and risks of recession
- Constraints on exam capacity
- Company’s transformation initiatives
- Termination of the Walmart partnership
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
Loading earnings performance data...
Loading earnings reaction data...