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Dec 28, 2024
National Vision Q4 2024 Earnings Report
Reported strong Q4 results, reflecting successful execution on store-level transformation initiatives and targeted initiatives to broaden appeal and expand customer base; actions were taken to reduce costs and strengthen profitability.
Key Takeaways
National Vision Holdings, Inc. reported a 3.9% increase in net revenue to $437.3 million for Q4 2024, driven by new store sales and adjusted comparable store sales growth. The company's adjusted operating income increased to $3.2 million, reflecting the benefits of transformation initiatives and cost management.
Net revenue from continuing operations increased by 3.9% to $437.3 million compared to Q4 2023.
Comparable store sales growth was 2.6%, with Adjusted Comparable Store Sales Growth of 1.5%.
Net loss from continuing operations was $(29.4) million, with Diluted EPS from continuing operations of $(0.37).
Adjusted Operating Income from continuing operations increased to $3.2 million from $(2.7) million in Q4 2023.
Revenue by Segment
Forward Guidance
The Company is providing the following outlook for the 53 weeks ending January 3, 2026. The Company estimates the 53rd week of fiscal 2025 will contribute approximately $35 million to net revenue, and approximately $3 million to adjusted operating income.
Positive Outlook
- New Stores: 30-35
- Adjusted Comparable Store Sales Growth: 0.5% - 3.5%
- Net Revenue: $1.901 billion - $1.955 billion
- Adjusted Operating Income: $73 million - $88 million
- Adjusted Diluted EPS: $0.52 - $0.64
Challenges Ahead
- Macro-economic environment may impact consumer demand.
- Constraints on exam capacity may impact consumer demand.
- Ultimate impact of macro-economic factors on the Company’s financial outlook remains uncertain.
- Subject to dynamic market conditions.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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