---
schema_version: "secwatch.filing_event.v1"
accession: "0001710155-23-000038"
form_type: "8-K"
ticker: "EYE"
cik: "0001710155"
company_name: "National Vision Holdings, Inc."
filed_at: "2023-07-26T23:59:59+00:00"
generated_at: "2026-06-13T02:23:20.576069+00:00"
event_type: "other_material"
sentiment: "negative"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# National Vision loses Walmart agreements; expects $70M impairment; reaffirms FY outlook

## Summary
- Walmart not renewing Management & Services Agreement; terminates Feb 23, 2024.
- AC Lens non-renewal effective June 30, 2024; all Walmart-related agreements ending.
- FY2022 Walmart business contributed $348.9M revenue and $15.0M EBIT; non-cash impairment charges of ~$60M goodwill and ~$10M intangibles expected in Q3 2023.
- Preliminary Q2 2023: net revenue $525.3M (+3.1% YoY); adjusted diluted EPS $0.17; comparable store sales growth -0.1% (adjusted +1.0%).
- Company reaffirms FY2023 guidance; expects adjusted operating income and adjusted diluted EPS at or above midpoint of prior ranges.

## SEC filing metadata
- accession: 0001710155-23-000038
- form_type: 8-K
- ticker: EYE
- cik: 0001710155
- company_name: National Vision Holdings, Inc.
- filed_at: 2023-07-26T23:59:59+00:00
- event_type: other_material
- sentiment: negative
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 1.02, 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1710155/000171015523000038/0001710155-23-000038-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1710155/000171015523000038/eye-20230720.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001710155-23-000038
- JSON: https://secwatch.observer/filing/0001710155-23-000038.json
- Plain text: https://secwatch.observer/filing/0001710155-23-000038.txt

## Key facts
- Earnings Releases
  National Vision Holdings, Inc. reported the quarter ended July 1, 2023 results: revenue $525,340, net income $5,614, EPS $0.07. Guidance reaffirmed.
  - Period: the quarter ended July 1, 2023
  - Revenue: $525,340
  - Net income: $5,614
  - EPS: $0.07
  - Guidance: reaffirmed
  - Result: preliminary results
  source text: actual results for the quarter ended July 1, 2023. 2 $ in thousands, except per share amounts Three months ended July 1, 2023 Three months ended July 2, 2022 Change Net revenue $ 525,340 $ 509,555 3.1 % Comparable store sales growth (0.1) % (11.0) % Adjusted Comparable Store Sales Growth 1.0 % (12.4) % Stores opened 24 22 Stores closed 1 — Ending store count 1,381
  evidence_url: https://www.sec.gov/Archives/edgar/data/1710155/000171015523000038/0001710155-23-000038-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.