In an exclusive retail partnership with National Vision's America's Best brand, the launch expands awardwinning actor Millie Bobby Brown's beloved beauty, lifestyle and fashion line to the American eyewear market. The collection, developed with eyewear manufacturer Mondottica Group, features a full range of sun and optical eyewear styles designed to curate confidence in the next generation. The inclusive and intentional eyewear styles were crafted to make the wearer feel joyful and empowered through the bra ...

National Vision Holdings, Inc. (EYE) delivered an adjusted EPS (earnings per share) of 15 cents in the second quarter of 2024 compared with 17 cents in the year-ago period. The figure surpassed the Zacks Consensus Estimate of 6 cents. The GAAP loss from continuing operations was 1 cent per share compared to an EPS of 5 cents in the prioryear quarter. Revenues in Detail On Feb 23, 2024, National Vision completed the termination of the Walmart Management and Services Agreement and discontinued the former Lega ...

Financial Data and Key Metrics Changes - Revenues in Q2 2024 were $452 million, an increase of 4.6% compared to the same period last year [5] - Adjusted operating income rose by 13.8% to $14.1 million, resulting in adjusted diluted earnings per share of $0.15 [5][24] - Adjusted comparable store sales improved to 2.4%, driven by a 2.9% increase at America's Best [5][21] - Year-to-date, net revenue increased approximately 4.2%, with adjusted comparable store sales growth of 1.3% [26] Business Line Data and Key Metrics Changes - America's Best brand saw a comparable store sales increase of 2.9%, while Eyeglass World experienced a negative 0.5% but showed sequential improvement [6][43] - Managed care customer traffic remained strong, with high single-digit comps at America's Best, while cash-pay customer comps were flat compared to last year [6][22] Market Data and Key Metrics Changes - The company noted heightened macro consumer pressure affecting sales, leading to a revision of guidance for the second half of the year [7][30] - The cash-pay customer segment showed a tightening in spending, with fewer add-on purchases [22][58] Company Strategy and Development Direction - The company is focusing on strengthening its core business and optimizing its store fleet to drive growth and profitability [12][19] - New leadership has been appointed to enhance strategic initiatives, including expanding remote exam capabilities and improving operational efficiencies [10][11] - The company is actively evaluating AI technologies to enhance patient care and operational efficiency [19] Management's Comments on Operating Environment and Future Outlook - Management acknowledged that the transformation efforts are ongoing and that the company is not yet delivering the anticipated financial results [4][19] - The revised guidance reflects current trends and expectations for customer demand and exam capacity, with revenue expected to be between $1.82 billion and $1.84 billion for the year [31][32] - Management remains confident in the long-term opportunities despite near-term challenges [19][35] Other Important Information - The company ended the quarter with a cash balance of approximately $179.5 million and total liquidity of $473 million [28] - The appointment of Caitlin Zulla to the Board of Directors was announced, bringing valuable healthcare and financial expertise [20] Q&A Session Summary Question: What has changed about the industry or National Vision that has made returning to consistent growth more difficult? - Management noted disruptions in the purchase cycle post-pandemic, an optometric shortage due to early retirements, and significant inflationary trends as key factors affecting growth [36][37] Question: Is the increase in the cost of doing business affecting the operating margin outlook? - Yes, management confirmed that higher costs for optometrist wages and other operational expenses are impacting margins, and they are looking for efficiencies to leverage the cost structure [39][40] Question: How is the sales productivity across the fleet? - There is a divergence in performance, with America's Best performing better than Eyeglass World, which is undergoing improvement initiatives [42][43] Question: What are the expectations for the third quarter, particularly regarding back-to-school promotions? - July showed weaker performance due to external factors, and it is too early to assess back-to-school trends [46] Question: What factors are driving the reduction in the second half outlook? - The reduction is attributed to year-to-date performance, macroeconomic concerns, and lower-than-expected doctor availability [71]

National Vision (EYE) came out with quarterly earnings of $0.15 per share, beating the Zacks Consensus Estimate of $0.06 per share. This compares to earnings of $0.17 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of 150%. A quarter ago, it was expected that this discount optical retailer and eye care provider would post earnings of $0.28 per share when it actually produced earnings of $0.30, delivering a surprise of 7.14%. Ove ...

Exhibit 99.1 National Vision Holdings, Inc. Reports Second Quarter 2024 Financial Results Announces New Actions to Accelerate Transformation Second quarter 2024 highlights compared to Q2 2023: • Net revenue from continuing operations of $451.7 million, an increase of 4.6% • Comparable store sales growth of 2.2% and Adjusted Comparable Store Sales Growth of 2.4% • Net loss from continuing operations of $(1.0) million, Diluted EPS from continuing operations of $(0.01) • Adjusted Operating Income from continui ...

The proven Zacks Rank system focuses on earnings estimates and estimate revisions to find winning stocks. Nevertheless, we know that our readers all have their own perspectives, so we are always looking at the latest trends in value, growth, and momentum to find strong picks. In addition to the Zacks Rank, investors looking for stocks with specific traits can utilize our Style Scores system. Of course, value investors will be most interested in the system's "Value" category. Stocks with "A" grades for Value ...

Value investors are also interested in a number of tried-and-true valuation metrics that help show when a company is undervalued at its current share price levels. Our Value category highlights undervalued companies by looking at a variety of key metrics, including the popular P/E ratio, as well as the P/S ratio, earnings yield, cash flow per share, and a variety of other fundamentals that have been used by value investors for years. EYE currently has a forward P/E ratio of 26.63, while PODD has a forward P ...

The proven Zacks Rank system focuses on earnings estimates and estimate revisions to find winning stocks. Nevertheless, we know that our readers all have their own perspectives, so we are always looking at the latest trends in value, growth, and momentum to find strong picks. Looking at the history of these trends, perhaps none is more beloved than value investing. This strategy simply looks to identify companies that are being undervalued by the broader market. Value investors use fundamental analysis and ...

The stock scored a strong price increase on investors' optimism surrounding National Vision's appointment of Mark Banner as the company's new Chief Stores Officer, effective July 8, 2024. The company expects Mark's presence to strongly contribute to National Vision's store performance going forward. For National Vision, the consensus EPS estimate for the quarter has remained unchanged over the last 30 days. And a stock's price usually doesn't keep moving higher in the absence of any trend in earnings estima ...

Right now, both National Vision and Stryker are sporting a Zacks Rank of # 2 (Buy). This system places an emphasis on companies that have seen positive earnings estimate revisions, so investors should feel comfortable knowing that these stocks have improving earnings outlooks. However, value investors will care about much more than just this. EYE currently has a forward P/E ratio of 23.52, while SYK has a forward P/E of 28.08. We also note that EYE has a PEG ratio of 1.67. This metric is used similarly to t ...