NASDAQ$EYE

National Vision Holdings Inc. · Q1 2020 earnings

Q1 2020 earnings · · Investor relations

Briefing

National Vision's financial performance was affected by COVID-19 pandemic and temporary store closures, while pre-COVID-19 business was robust.

National Vision Holdings reported a 1.8% increase in net revenue to $469.7 million for the first quarter of 2020. However, the company experienced a decrease in comparable store sales growth and a decline in net income and diluted EPS due to the impact of the COVID-19 pandemic and temporary store closures.

  • Net revenue increased 1.8% to $469.7 million.
  • Comparable store sales growth was (2.9)%, while Adjusted Comparable Store Sales Growth was (10.3)%.
  • Net income decreased 44.1% to $9.7 million, and diluted EPS decreased 44.6% to $0.12.
  • Adjusted Operating Income decreased 10.8% to $38.1 million.

Headline financials

Total Revenue

$470M

Previous: $461M+1.8%
EPS (adj)

$0.28

Previous: $0.33-15.2%
Adjusted Operating Margin

8.1%

No prior period
Adjusted EBITDA Margin

13.0%

No prior period
Capital Expenditures

-$13.1M

Previous: -$26M+49.8%
Free Cash Flow

-$3.31M

Previous: -$8.56M+61.3%
Net Income

$9.74M

Previous: $17.4M-44.1%
Operating Income

$16.9M

Previous: $32.4M-47.8%
Gross Profit

-$218M

Previous: $249M-187.4%
Cash & Equivalents

$263M

Previous: $72.5M+262.9%
Total Assets

$2.22B

Previous: $2.05B+8.1%
Stock-Based Comp

$2.09M

Previous: $2.98M-29.7%

Revenue & EPS history

National Vision · Revenue · Quarterly

$470M

Q1 2020+1.8%vs Q1 2019
Beat estimate in 11 of 14 quarters(79%)
ActualEstimate

Revenue by segment

National Vision · $470M total across 2 segments · Q1 2020

  • Net Product Sales
    $393M
  • Services and Plans
    $76.9M

Forward guidance

National Vision withdrew its previously issued fiscal 2020 outlook due to the ongoing uncertainty surrounding the magnitude and duration of the COVID-19 pandemic and its impact on the U.S.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 19 quarterly earnings reports · overlaid with Q1 2020

Historical avgQ1 2020

-0.5%

Avg return

Earnings day

+0.5%

Avg return

5 days after

+1.5%

Avg return

30 days after

54%

21 / 39 earnings

Positive

+16.9%

Q1 2025

Best reaction

-38.8%

Q4 2022

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026+4.8%-0.1%+9.9%
Q4 2025+9.1%+0.6%-11.0%
Q3 2025-3.6%-5.7%+14.4%
Q1 2025+16.9%+40.7%+57.8%
Q4 2024+11.6%+10.7%+12.1%
Q3 2024-4.7%-3.1%-8.0%
Q2 2024-21.6%-26.1%-30.7%
Q1 2024-15.2%-16.4%-19.3%
Q4 2023+14.7%+17.9%+11.0%
Q3 2023+9.4%+14.1%+11.5%
Q2 2023-5.9%-8.4%-19.5%
Q1 2023+5.9%+4.7%+14.7%
Q4 2022-38.8%-40.1%-49.6%
Q3 2022+12.7%+12.8%+5.3%
Q2 2022+9.2%+13.7%+12.7%
Q1 2022-31.5%-22.3%-17.8%
Q4 2021-4.7%+0.8%+16.4%
Q3 2021-16.4%-22.3%-23.8%
Q2 2021-0.8%+1.0%+7.8%
Q1 2021+6.5%+6.3%+2.9%
Q3 2020+2.5%+6.4%-2.1%
Q2 2020-1.8%+3.8%+16.1%
Q1 2020+10.0%+2.2%+32.5%
Q4 2019+4.0%+7.4%-41.1%
Q3 2019+11.8%+8.8%+23.8%
Q2 2019+8.2%+7.9%-4.8%
Q1 2019+3.3%+2.3%-1.5%
Q4 2018-1.4%-3.1%-7.7%
Q3 2018-1.7%-7.8%-27.8%
Q2 2017-8.4%-7.5%+2.6%
Q2 2018-8.4%-7.5%+2.6%
Q1 2018+2.3%+6.4%+10.4%
Q1 2016-2.2%-3.1%-6.9%
Q2 2016-2.2%-3.1%-6.9%
Q4 2017-2.2%-3.1%-6.9%
Q3 2016+1.8%+7.9%+19.4%
Q1 2017+1.8%+7.9%+19.4%
Q3 2017+1.8%+7.9%+19.4%
Q4 2016+1.8%+7.9%+19.4%

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