National Vision Beats Q2 Street View, Sees FY23 EPS To Be At Or Above Guided Outlook Midpoint
Portfolio Pulse from Lekha Gupta
National Vision Holdings Inc (NASDAQ:EYE) reported Q2 net revenue growth of 3.1% Y/Y to $525.3 million, slightly exceeding the consensus of $525.15 million. The company's revenues benefited from new store sales and higher adjusted comparable store sales revenue. However, adjusted operating income declined 40.8% Y/Y to $16.4 million. The company reaffirmed its FY23 revenue and adjusted EPS outlook. National Vision also disclosed ending its partnership with Walmart Inc. (NYSE: WMT) in 2024.
August 10, 2023 | 11:59 am
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NEUTRAL IMPACT
National Vision disclosed ending its partnership with Walmart in 2024.
The termination of the partnership between National Vision and Walmart could have implications for both companies. However, the impact on Walmart's stock is likely to be limited given the size and diversity of its operations.
CONFIDENCE 80
IMPORTANCE 50
RELEVANCE 50
POSITIVE IMPACT
National Vision reported better than expected Q2 results and reaffirmed its FY23 outlook. However, the company's operating income declined significantly.
National Vision's better than expected Q2 results and reaffirmed FY23 outlook are positive for the stock. However, the significant decline in operating income could be a concern for investors.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100