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National Vision Holdings Inc (EYE)
NASDAQ:EYE
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Earnings Data
Report Date
Feb 26, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
-$0.07Last Year’s EPS
-$0.02Same Quarter Last Year
Based on 7 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 06, 2024
|% Change Since: -5.16%
|Next Earnings Date:Feb 26, 2025
Earnings Call Sentiment|Neutral
The earnings call highlighted strong revenue growth, successful strategic initiatives in managed care, product promotions, and remote exam capabilities. However, challenges such as softness in cash pay and e-commerce, weather-related disruptions, and the need for store closures and moderated new store growth were noted. The sentiment is balanced with an emphasis on transformation and future growth potential.Company Guidance
During the third quarter 2024 earnings call for National Vision, the company reported a 2.9% increase in revenues, totaling $451.5 million, driven by managed care, despite a decline in cash pay and e-commerce. Adjusted comparable store sales grew by 0.9%, with America's Best up 1.2% and Eyeglass World down 0.9%. Adjusted operating income rose by 22.2% to $14.3 million, resulting in adjusted diluted earnings per share of $0.12. The call detailed strategic initiatives including store fleet optimization, leading to a planned closure of 39 stores by 2026, expected to improve adjusted EBITDA by $4 million. Additionally, the company is temporarily moderating new store growth for 2025, focusing on enhancing customer experience and operational execution within its existing stores. National Vision emphasized its significant growth potential, aiming for over 2,500 stores across its brands, and highlighted successful promotional activities and partnerships, such as the launch of the Florence by Mills eyewear collection and an exclusive partnership with Pair Eyewear.Revenue Growth
Revenues increased 2.9% to $451.5 million in Q3 2024, driven by strong managed care results.
Adjusted Operating Income Increase
Adjusted operating income increased 22.2% to $14.3 million, resulting in adjusted diluted earnings per share of $0.12.
Store Fleet Optimization
Plans to close 39 underperforming stores through 2026, expecting to deliver approximately $4 million in adjusted EBITDA improvement.
Initiatives in Product and Promotion
Introduction of new promotions and product launches like the Wise Buys promotion and exclusive partnerships with Florence by Mills and Pair Eyewear.
Remote Exam Innovations
Over 730 locations enabled with remote technology, with remote doctor's patients seen per day exceeding that of in-store doctors for the first time.
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EYE Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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EYE Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 06, 2024 | $12.20 | $11.89 | -2.54% |
| Aug 07, 2024 | $13.96 | $10.93 | -21.70% |
| May 08, 2024 | $17.87 | $14.90 | -16.62% |
| Feb 27, 2024 | $19.96 | $23.11 | +15.78% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does National Vision Holdings Inc (EYE) report earnings?
National Vision Holdings Inc (EYE) is schdueled to report earning on Feb 26, 2025, TBA Not Confirmed.
What is National Vision Holdings Inc (EYE) earnings time?
National Vision Holdings Inc (EYE) earnings time is at Feb 26, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is EYE EPS forecast?
EYE EPS forecast for the fiscal quarter 2024 (Q4) is -$0.07.
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