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Dec 28, 2019
National Vision Q4 2019 Earnings Report
National Vision reported strong Q4 2019 financial results, marked by double-digit revenue growth and adjusted EBITDA.
Key Takeaways
National Vision Holdings, Inc. reported a 12.9% increase in net revenue to $401.8 million for the fourth quarter of 2019. The company's net income increased by 121.3% to $3.9 million, and adjusted EBITDA increased by 37.9% to $39.6 million. Diluted EPS increased 120.2% to $0.05, while adjusted diluted EPS increased 692.0% to $0.11.
Net revenue increased by 12.9% to $401.8 million.
Comparable store sales growth was 10.1%, with adjusted comparable store sales growth of 8.1%.
Net income increased by 121.3% to $3.9 million, and adjusted net income increased by 735.5% to $8.7 million.
Adjusted EBITDA increased by 37.9% to $39.6 million.
Forward Guidance
National Vision provided its outlook for fiscal year 2020, which includes 53 weeks. The company estimates that the 53rd week will contribute approximately $35 million to net revenue, with an approximately break-even impact to Adjusted Diluted EPS.
Positive Outlook
- The company anticipates opening approximately 75 new stores.
- Adjusted Comparable Store Sales Growth is expected to be between 3% and 5%.
- Net Revenue is projected to be in the range of $1.875 billion to $1.905 billion.
- Adjusted EBITDA is expected to be between $210 million and $215 million.
- Adjusted Diluted EPS is projected to be between $0.80 and $0.85.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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