National Vision reports Q4 adjusted EPS (2c), consensus (9c)

Reports Q4 revenue $506.4M, consensus $499.8M. “We are very pleased with our stronger than expected Q4 and FY23 performance and our team’s accomplishments throughout 2023,” said CEO Reade Fahs. “…Throughout the fiscal year, our teams focused on adapting our business for the realities of today’s marketplace, and I believe our strong end to the year is a testament to our progress. Looking ahead, our outlook includes scenarios that factor in a slower than expected start to the year. With our transition out of the Walmart Vision Center stores now complete, we are executing initiatives to improve profitability and streamline the business and are committed to positioning our core business for long term profitable growth. We’ve taken specific cost and pricing actions that are expected to benefit our financial performance in 2024. We believe these profitability efforts and our ongoing progress in expanding exam capacity, will create value for shareholders and move us forward in our mission to make quality eye care and eyewear more affordable and accessible for all.”