EarningsQ2 2026 Earnings Report
DE:7NV Q2 2026 EPS Results
Actual EPS€0.22
Consensus EPS€0.16
Beat/MissBeat by +€0.06
One Year Ago EPS€0.16
DE:7NV Q2 2026 Revenue Results
Actual Revenue€445.14M
Expected Revenue€445.37M
Beat/MissMissed by -€233.81K
YoY Revenue Growth+2.55%
Earnings Announcement Details
QuarterQ2 2026
Date08/12/2026
TimeBefore Open
Conference CallWednesday, August 12, 2026
DE:7NV Upcoming Earnings
National Vision Holdings's next earnings date is estimated for November 12, 2026, based on past reporting schedules.
Q2 2026 Earnings Call Audio
DE:7NV Q2 2026 Earnings Call
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Q2 2026 Earnings Slide Deck
Q2 2026 Earnings Call Summary
Earnings Call Sentiment|Positive
The call conveyed a constructive tone: the company delivered modest top‑line growth while producing strong ticket expansion, meaningful margin improvement and raised profitability guidance. Management emphasized durable strategic progress — e‑commerce modernization, premium product adoption, store segmentation and cost savings — that is already translating into higher‑value transactions and operating leverage. Key near‑term challenges include a significant traffic decline driven by deferral of lower‑value transactions and a temporary replatform disruption (estimated ~150 bps drag), plus elevated inventory and transition charges. On balance the positive operational and profitability momentum, clear multi‑year playbook and upgraded profit outlook outweighed the near‑term traffic and execution risks discussed on the call.Company Guidance
Revenue and Comparable Store Sales Growth
Net revenue increased 2.5% to $499.0M in Q2 2026; adjusted Comparable Store sales grew 2.2% (company estimates the e‑commerce replatform reduced comps by ~150 basis points; excluding that impact America's Best would have delivered slightly over 4% adj. Comp Store sales).
Average Ticket Expansion Driving Sales
Average ticket rose 7.1% in Q2, which offset a traffic decline and contributed meaningfully to revenue and profitability; management indicated >50% of year‑to‑date ticket lift is coming from mix (premium products) rather than price increases.
Profitability Improvement and EPS Growth
Adjusted operating margin expanded 140 basis points to 6.3% in Q2; adjusted operating income rose to $31.6M from $23.8M prior year. Adjusted EPS increased to $0.25 from $0.18 (Q2); YTD adjusted EPS up ~37% vs. prior year.
Raised Profitability Outlook and Clear FY Targets
Company raised full‑year adjusted operating income guidance to $119M–$139M and expects adjusted diluted EPS of $0.90–$1.09; full‑year net revenue guide set at $2.03B–$2.08B with adjusted Comparable Store sales growth of 3%–5%.
E‑commerce Replatform and Unified Commerce Foundation
Completed e‑commerce replatform (short‑term headwinds acknowledged) that management describes as a modern, scalable commerce foundation expected to drive higher conversion, deeper engagement, personalization and support future AI initiatives.
Product and Assortment Progress (Premiumization)
Premiumization momentum: launched Nikon Eyes (exceeding expectations), expanded premium frame brands (Versace, Burberry, Persol, Costa), continued Ray‑Ban strength, and Smart Eyewear (Ray‑Ban Meta and Oakley Meta) performing above expectations — driving mix shift and ticket lift.
Store Segmentation and Eyeglass World Initiatives
Store segmentation rolled out for America's Best at end of Q2 (5 segments) and on track for Eyeglass World by Q4 (3 segments); Eyeglass World brand refresh and centralized lab surfacing intended to enable premium Progressive offerings and longer‑term ticket growth.
Balance Sheet and Capital Deployment
Q2 cash balance $36M and total liquidity $329.3M; net debt to adjusted EBITDA ~0.9x (trailing 12 months). Generated YTD operating cash flow $69.8M, invested $39.8M in CapEx, repurchased ~1.2M shares for $20M with ~$30M remaining authorization.
DE:7NV Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed