National Vision Holdings, Inc. reported a strong fourth quarter and fiscal year 2020, marked by significant increases in net revenue, comparable store sales growth, net income, and diluted EPS. The company also provided its outlook for fiscal year 2021, anticipating continued growth.
Net revenue increased by 23.6% to $496.7 million.
Comparable store sales growth was 14.3%, with Adjusted Comparable Store Sales Growth of 10.6%.
Net income increased 795% to $35.1 million, and diluted EPS increased 779% to $0.42.
Adjusted EBITDA increased 118% to $83.5 million, and Adjusted Diluted EPS increased 372% to $0.45.
The Company provided selected full year guidance for 2021 and the outlook reflects current expected impacts related to COVID. However, the Company anticipates potential significant volatility driven by ongoing uncertainty related to the pandemic.
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