NASDAQ$EYE
National Vision Holdings Inc. · Q2 2023 earnings
Q2 2023 earnings · · Investor relations
Briefing
Reported financial results generally in line with expectations, reflecting continued strength in managed care business and progress on strategic initiatives.
National Vision Holdings reported a 3.1% increase in net revenue to $525.3 million for Q2 2023. Net income decreased by 42.3% to $5.6 million, with a diluted EPS of $0.07. The company reaffirmed its fiscal 2023 guidance, expecting Adjusted Operating Income and Adjusted Diluted EPS to be at or above the midpoint of the range.
- Net revenue increased 3.1% to $525.3 million compared to Q2 2022.
- Comparable store sales growth was (0.1%) and Adjusted Comparable Store Sales Growth was 1.0%.
- The Company opened 24 new stores, closed one store, and ended the quarter with 1,381 stores.
- Net income decreased 42.3% to $5.6 million compared with the second quarter of 2022.
Headline financials
Revenue & EPS history
National Vision · Revenue · Quarterly
$525M
Revenue by segment
National Vision · $525M total across 2 segments · Q2 2023
- Net Product Sales$433M+2.7%82.4%
- Services and Plans$92.4M+5.1%17.6%
Forward guidance
National Vision reaffirmed its fiscal 2023 guidance, expecting Adjusted Operating Income and Adjusted Diluted EPS to be at or above the midpoint of the range.
Tailwinds
- New Stores: 65 to 70
- Adjusted Comparable Store Sales Growth: 0% to 3%
- Net Revenue: $2.075 billion to $2.135 billion
- Adjusted Operating Income: $48 million to $66 million
- Adjusted Diluted EPS: $0.42 to $0.60
Headwinds
- Fiscal 2023 outlook reflects current expected or estimated impacts related to macro-economic factors, including inflation, geopolitical instability and risks of recession
- Constraints on exam capacity
- The ultimate impact of these factors on the Company’s financial outlook remains uncertain with dynamic market conditions
- The outlook shown below assumes no material deterioration to the Company’s current business operations as a result of such factors or as a result of the termination of the Walmart partnership.
- Actual results may vary and those variations may be material.
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 2023
-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
| Quarter | Report date | Reaction (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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