National Vision Holdings Expects FY24 Net Revenue Of $1.820B-$1.840B (Prior $1.825B-$1.865B) Vs $1.894B Est, Adj EPS Of $0.45-$0.50 Vs $0.54 Est
Portfolio Pulse from Benzinga Newsdesk
National Vision Holdings has updated its fiscal 2024 outlook, lowering its net revenue and adjusted EPS estimates. The company now expects net revenue of $1.820B-$1.840B, down from the prior $1.825B-$1.865B, and adjusted EPS of $0.45-$0.50, down from $0.50-$0.65. These adjustments reflect macro-economic factors, including inflation, geopolitical instability, and risks of recession.
August 07, 2024 | 10:09 am
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National Vision Holdings has revised its fiscal 2024 outlook, lowering its net revenue and adjusted EPS estimates. The company now expects net revenue of $1.820B-$1.840B, down from the prior $1.825B-$1.865B, and adjusted EPS of $0.45-$0.50, down from $0.50-$0.65. These adjustments reflect macro-economic factors, including inflation, geopolitical instability, and risks of recession.
The downward revision in both net revenue and adjusted EPS indicates potential challenges for National Vision Holdings, likely leading to a negative short-term impact on the stock price. The adjustments reflect macro-economic factors such as inflation, geopolitical instability, and risks of recession, which are significant concerns for investors.
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