National Vision reports Q1 adjusted EPS 34c, consensus 31c

Reports Q1 revenue $510.3M, consensus $503.17M. “Our first quarter results are a testament to the entire team’s disciplined execution against the new strategic approach our leadership team began to implement last quarter,” said Reade Fahs, National Vision’s (EYE) CEO. “We are seeing immediate impact from the initial wave of transformation actions with a return to mid-single digit comp performance and solid growth in bottom line results. The strength of these results reinforces our confidence in the long-term potential of our go-forward strategy and initiatives.” Alex Wilkes, National Vision’s President added, “The intentional, strategic shift to broaden our exposure to existing higher value customer segments coupled with our roadmap of future initiatives reinforces our confidence in our operational and financial growth, even amidst an increasingly uncertain environment. Looking ahead, we plan to continue introducing new lifestyle selling techniques, enhancing our branded frame assortment, and improving our digital experience to delight our customers and deliver the value they expect from us both in-store and online. All of this work will remain underpinned by our prudent approach to expense management, tariff mitigation efforts, and operational excellence to deliver improved profitability and sustainable value for shareholders.”