National Vision Holdings ( (EYE) ) has released its Q4 earnings. Here is a breakdown of the information National Vision Holdings presented to its investors.
National Vision Holdings, Inc. is a prominent optical retail company in the United States, operating over 1,200 stores across 38 states and Puerto Rico. The company is known for making quality eye care and eyewear more affordable and accessible through its various retail brands, including America’s Best and Eyeglass World.
In its recent earnings report, National Vision Holdings announced a 3.9% increase in net revenue for the fourth quarter of 2024, reaching $437.3 million. The company also reported a net loss from continuing operations of $29.4 million, reflecting ongoing challenges despite growth in comparable store sales and adjusted operating income.
Key financial highlights include a 2.6% growth in comparable store sales and a notable 217.8% increase in adjusted operating income for the fourth quarter. For the fiscal year 2024, net revenue rose by 3.8% to $1.823 billion, with adjusted diluted EPS improving to $0.52 from $0.47 in the previous year. The company also expanded its store count by 4.4% and took strategic actions to optimize its store fleet and reduce costs.
Looking ahead, National Vision Holdings remains focused on enhancing store experiences and expanding its customer base. The company’s fiscal 2025 outlook anticipates net revenue between $1.901 billion and $1.955 billion, with plans to open 30-35 new stores. Despite macroeconomic uncertainties, the company is optimistic about its transformation initiatives and strategic priorities aimed at driving long-term profitability.