secwatch.observer — SEC 8-K summary
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Issuer:     National Vision Holdings, Inc. (EYE)
CIK:        0001710155
Form:       8-K
Filed at:   2023-07-26T23:59:59+00:00
Accession:  0001710155-23-000038
Event type: other_material
Sentiment:  negative
Materiality: 0.85
Item codes: 1.02, 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1710155/000171015523000038/0001710155-23-000038-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1710155/000171015523000038/eye-20230720.htm
  HTML page:      https://secwatch.observer/filing/0001710155-23-000038

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