NASDAQ$EYE

National Vision Holdings Inc. · Q2 2022 earnings

Q2 2022 earnings · · Investor relations

Briefing

Reported second quarter 2022 financial results, with net revenue decreasing and comparable store sales declining, while progressing key growth initiatives and extending the lens purchasing agreement with EssilorLuxottica.

National Vision Holdings, Inc. reported a 7.3% decrease in net revenue to $509.6 million for the second quarter ended July 2, 2022. Comparable store sales growth was (11.0)%, and net income decreased 74.1% to $9.7 million. Diluted EPS decreased 70.9% to $0.12, and Adjusted Diluted EPS decreased 57.0% to $0.21.

  • Net revenue decreased 7.3% to $509.6 million.
  • Comparable store sales growth was (11.0)%, with Adjusted Comparable Store Sales Growth of (12.4)%.
  • Net income decreased 74.1% to $9.7 million; Diluted EPS decreased 70.9% to $0.12.
  • Adjusted Operating Income decreased 57.6% to $27.8 million.

Headline financials

Total Revenue

$510M

Previous: $549M-7.3%
EPS (adj)

$0.21

Previous: $0.48-56.3%
Comparable Store Sales Growth

-11.0%

Previous: 22.5%-148.9%
Adjusted Comparable Store Sales Growth

-12.4%

Previous: 23.5%-152.8%
Adjusted Operating Income

$27.8M

No prior period
Adjusted Operating Margin

5.5%

Previous: 11.9%-53.8%
Capital Expenditures

-$55.7M

Previous: -$38.8M-43.5%
Free Cash Flow

-$46M

Previous: -$1.21M-3696.9%
Net Income

$9.73M

Previous: $37.6M-74.1%
Operating Income

$18.4M

Previous: $54.8M-66.5%
Gross Profit

-$234M

Previous: -$235M+0.6%
Cash & Equivalents

$254M

Previous: $408M-37.7%
Total Assets

$2.28B

Previous: $2.37B-3.8%
Stock-Based Comp

$3.64M

No prior period

Revenue & EPS history

National Vision · Revenue · Quarterly

$510M

Q2 2022-7.3%vs Q2 2021
Beat estimate in 11 of 15 quarters(73%)
ActualEstimate

Revenue by segment

National Vision · $510M total across 2 segments · Q2 2022

  • Net Product Sales
    $422M-8.0%
  • Services and Plans
    $88M-3.6%

Forward guidance

The Company’s updated fiscal 2022 outlook reflects the currently expected impacts related to macro-economic factors, including inflation, geopolitical instability and risks of recession, as well as constraints on exam capacity and the ongoing COVID-19 pandemic.

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 Q2 2022

Historical avgQ2 2022

-0.5%

Avg return

Earnings day

+0.5%

Avg return

5 days after

+1.2%

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%
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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