National Vision (NASDAQ:EYE) Posts Quarterly Earnings Results, Beats Estimates By $0.07 EPS

Key Points

• National Vision beat earnings expectations: Second-quarter EPS was $0.25, $0.07 above consensus and up from $0.18 year over year, while revenue increased approximately 2.6%.
• Profitability improved through premiumization: Average ticket rose 7.1%, adjusted operating margin expanded to 6.3%, and growth in premium lenses, branded frames and higher-value transactions supported results.
• Outlook was mixed: Management raised adjusted operating-income guidance to $119 million–$139 million but narrowed comparable-sales expectations to 3%–5% as traffic declined 4.9% and value-oriented customer demand remained pressured.

National Vision (NASDAQ:EYE - Get Free Report) issued its quarterly earnings data on Wednesday. The company reported $0.25 earnings per share for the quarter, topping the consensus estimate of $0.18 by $0.07, Briefing.com reports. National Vision had a net margin of 2.31% and a return on equity of 6.41%. The firm's revenue for the quarter was up 2.6% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.18 EPS.

Here are the key takeaways from National Vision's conference call:

• Q2 profitability improved: Net revenue rose 2.5% to $499 million, adjusted comparable-store sales increased 2.2%, adjusted operating margin expanded 140 basis points to 6.3%, and adjusted EPS climbed to $0.25 from $0.18.
• Premiumization is driving growth: Average ticket increased 7.1% and more than half of the increase came from product mix rather than pricing, with momentum in premium lenses, branded frames, managed care, and higher-value transactions.
• Full-year profitability guidance was raised: Adjusted operating income is now expected at $119 million-$139 million, while the company continues to target $0.94-$1.09 in adjusted EPS and approximately $10 million in annualized cost savings.
• Traffic remains pressured: Overall customer traffic fell 4.9%, particularly among value-seeking customers purchasing at the introductory bundle price point; the company narrowed its full-year comparable-sales outlook to 3%-5% as it assumes those purchases may remain deferred.
• Digital and brand investments are expanding: The e-commerce replatform caused an estimated 150-basis-point Q2 headwind but is beginning to improve exam-booking conversion, while increased marketing, store segmentation, premium offerings, and an Eyeglass World repositioning are planned for the second half.

National Vision Price Performance

National Vision stock traded down $1.83 during mid-day trading on Wednesday, hitting $20.23. The stock had a trading volume of 3,392,956 shares, compared to its average volume of 1,787,178. National Vision has a one year low of $14.75 and a one year high of $30.02. The company has a current ratio of 0.62, a quick ratio of 0.37 and a debt-to-equity ratio of 0.25. The firm has a market capitalization of $1.62 billion, a P/E ratio of 35.49, a P/E/G ratio of 1.96 and a beta of 1.02. The firm's 50 day moving average is $19.42 and its 200 day moving average is $22.76.

Wall Street Analysts Forecast Growth

A number of analysts have commented on the stock. Wells Fargo & Company reduced their target price on shares of National Vision from $30.00 to $20.00 and set an "equal weight" rating for the company in a report on Thursday, May 14th. Weiss Ratings upgraded shares of National Vision from a "hold (c-)" rating to a "hold (c)" rating in a research note on Thursday, May 14th. Citigroup cut their price objective on shares of National Vision from $40.00 to $39.00 and set a "buy" rating for the company in a research report on Friday, May 15th. Bank of America decreased their target price on National Vision from $35.00 to $30.00 and set a "buy" rating on the stock in a report on Thursday, May 14th. Finally, Roth Capital set a $25.00 target price on National Vision in a research report on Thursday, May 14th. Six research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat.com, National Vision has a consensus rating of "Moderate Buy" and an average target price of $30.82.

More National Vision News

Here are the key news stories impacting National Vision this week:

• Positive Sentiment: National Vision reported second-quarter 2026 earnings of $0.25 per share, above estimates ranging from $0.17 to $0.18 and up from $0.18 a year earlier. Revenue increased 2.6% year over year. National Vision Surpasses Q2 Earnings and Revenue Estimates
• Positive Sentiment: Management projects $119 million to $139 million in 2026 adjusted operating income, suggesting continued profitability and potential operating leverage. National Vision 2026 Operating Income Outlook
• Neutral Sentiment: The earnings release and conference call provide additional detail on second-quarter performance, store trends and management’s plans for the remainder of 2026. National Vision Second Quarter 2026 Results National Vision Q2 2026 Earnings Call Transcript
• Negative Sentiment: Quarterly revenue fell short of Wall Street expectations, and the company reportedly lost higher-paying self-pay customers. This raises concerns about customer mix, sales quality and future margins despite the EPS beat. National Vision Loses Higher-Paying Self-Pay Customers
• Negative Sentiment: Management narrowed its 2026 comparable-sales outlook to 3%–5%, reinforcing investor concerns that demand remains uneven and limiting the benefit of the earnings surprise. National Vision Narrows Comparable Sales Outlook

Hedge Funds Weigh In On National Vision

A number of hedge funds have recently made changes to their positions in the business. Entropy Technologies LP grew its position in shares of National Vision by 55.4% during the fourth quarter. Entropy Technologies LP now owns 11,359 shares of the company's stock valued at $293,000 after purchasing an additional 4,048 shares in the last quarter. Northwest & Ethical Investments L.P. lifted its position in shares of National Vision by 10.4% in the fourth quarter. Northwest & Ethical Investments L.P. now owns 10,377 shares of the company's stock worth $269,000 after buying an additional 977 shares in the last quarter. CIBC Bancorp USA Inc. bought a new position in National Vision during the third quarter valued at approximately $243,000. PharVision Advisers LLC bought a new position in National Vision during the third quarter valued at approximately $299,000. Finally, Mariner LLC purchased a new position in National Vision during the 3rd quarter valued at approximately $281,000.

National Vision Company Profile

National Vision Holdings, Inc is an American optical retailer specializing in accessible vision care and eyewear. The company operates under multiple retail banners, offering comprehensive eye health services and a wide range of optical products. Since its founding in the early 1990s, National Vision has focused on providing value-driven solutions, targeting underserved and price‐conscious consumer segments.

Through its primary retail brands—including America's Best Contacts & Eyeglasses, Eyeglass World, Optical America and Vista Optical—National Vision delivers services such as comprehensive eye examinations, prescription eyewear, contact lenses, sunglasses and lens accessories.

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