earnings
confidence high
sentiment neutral
materiality 0.70
National Vision Q3 net revenue $451.5M (+2.9% YoY); net loss $(8.4)M; store fleet review closes 39 stores
National Vision Holdings, Inc.
2024-Q3 EPS reported
$0.00
revenue$1,386,042,000
- Net revenue from continuing operations $451.5M, +2.9% YoY; comparable store sales +1.4% (adjusted +0.9%).
- Net loss from continuing ops $(8.4)M, diluted EPS $(0.11); adjusted diluted EPS $0.12.
- Plans to close 39 underperforming stores by end FY2026, convert 4 Eyeglass World to America's Best by end FY2024.
- Expects ~$4M annualized Adjusted EBITDA improvement from store actions; moderates FY2025 new store openings to 30-35.
- Reaffirms fiscal 2024 outlook for key metrics; updates capital expenditure expectations.