National Vision announces incremental expense reduction program

The company has announced that beginning in 2024, it will be implementing an incremental expense reduction program targeting annualized savings in the range of $10M-$12M. The program will focus on streamlining corporate overhead including optimizing non-customer facing labor costs, as well as reducing travel expenses and third-party spend. This program, together with the expected benefits from non-headline pricing actions the company is planning to take, is expected to more than offset the profitability gap created by the termination of the Walmart (WMT) partnership.