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.
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:
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