National Vision Holdings ( (EYE) ) has released its Q1 earnings. Here is a breakdown of the information National Vision Holdings presented to its investors.
National Vision Holdings, Inc. is a leading optical retail company in the United States, operating over 1,200 stores across 38 states and Puerto Rico, with a mission to make quality eye care and eyewear affordable and accessible through its various retail brands and e-commerce platform.
In its first quarter of 2025, National Vision Holdings reported a strong financial performance, driven by successful implementation of new strategic initiatives and cost reduction measures. The company achieved a net revenue of $510.3 million, marking a 5.7% increase from the previous year, alongside a comparable store sales growth of 4.1%.
Key financial metrics highlighted include an adjusted operating income of $41.3 million, reflecting a 21.8% increase from the prior year, and an adjusted diluted EPS of $0.34, up from $0.29. The company also opened nine new stores and closed twelve, maintaining a total of 1,237 stores. Despite increased SG&A expenses, the company managed to improve its operating margin through enhanced product margins and strategic shifts in customer segments.
Looking forward, National Vision has raised its fiscal 2025 outlook, anticipating further growth in net revenue and adjusted operating income. The company plans to continue its strategic initiatives, focusing on lifestyle selling techniques, digital experience enhancements, and prudent expense management to sustain profitability and shareholder value.