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Dec 31, 2022
National Vision Q4 2022 Earnings Report
National Vision's financial performance declined in Q4 2022, with revenue and earnings decreasing compared to the same period in 2021.
Key Takeaways
National Vision Holdings, Inc. reported a decrease in net revenue and net income for the fourth quarter of 2022. Net revenue decreased by 1.9% to $468.9 million, and the company experienced a net loss of $9.3 million compared to a net income of $6.2 million in Q4 2021. The company is focusing on strategic initiatives including expanding exam capacity, digitizing stores, leveraging omni-channel capabilities and capitalizing on whitespace opportunity.
Net revenue decreased by 1.9% to $468.9 million.
Comparable store sales growth was (5.7)% and Adjusted Comparable Store Sales Growth was (2.4)%.
Net loss was $9.3 million, with a diluted loss per share of $(0.12).
Adjusted Operating Income decreased to $(6.8) million.
Revenue by Segment
Forward Guidance
The Company’s fiscal 2023 outlook reflects current expected or estimated impacts related to macro-economic factors, including inflation, geopolitical instability and risks of recession, as well as constraints on exam capacity; however, the ultimate impact of these factors on the Company’s financial outlook remains uncertain with dynamic market conditions and the outlook shown below assumes no material deterioration to the Company’s current business operations as a result of such factors.
Positive Outlook
- New Stores: 65 - 70
- Adjusted Comparable Store Sales Growth: 0% - 3%
- Net Revenue: $2.075 - $2.135 billion
Challenges Ahead
- Adjusted Operating Income: $48 - $66 million
- Adjusted Diluted EPS1: $0.42 - $0.60
- Depreciation and Amortization2: $104 - $106 million
- Interest3: ~$3 million
- Tax Rate4: ~26%
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
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