Inferra AI / Company / EYE
National Vision Holdings, Inc.
EYE · Consumer Discretionary
Last earnings Aug 12, 2026
Key results
Net revenuequarter
7.7%
Second Quarter 2025 Summary Net revenue increased 7.7% to $486.4 million, and includes a positive 0.6% impact from the timing of unearned revenue.
SEC original ↗National Vision Holdings, Inc. — Earnings release (8-K exhibit)EX-99Aug 6, 2025
Revenuequarter
0.6%
Second Quarter 2025 Summary Net revenue increased 7.7% to $486.4 million, and includes a positive 0.6% impact from the timing of unearned revenue.
SEC original ↗National Vision Holdings, Inc. — Earnings release (8-K exhibit)EX-99Aug 6, 2025
1 Costs applicable to revenue increased 3.5% to $200.4 million.
SEC original ↗National Vision Holdings, Inc. — Earnings release (8-K exhibit)EX-99Aug 6, 2025
As a percentage of net revenue, costs applicable to revenue decreased 170 basis points to 41.2%, primarily driven by the successful execution of pricing and product mix initiatives and the leveraging of optometrist-related costs.
SEC original ↗National Vision Holdings, Inc. — Earnings release (8-K exhibit)EX-99Aug 6, 2025
Adjusted SG A increased 8.2% to $240.0 million and represented 49.3% of net revenue, an increase of 20 basis points.
SEC original ↗National Vision Holdings, Inc. — Earnings release (8-K exhibit)EX-99Aug 6, 2025
Adjusted EPSquarter
$0.18
Adjusted Diluted EPS increased to $0.18 from $0.15.
SEC original ↗National Vision Holdings, Inc. — Earnings release (8-K exhibit)EX-99Aug 6, 2025
The net change in margin on unearned revenue benefited both Diluted EPS and Adjusted Diluted EPS by $0.02.
SEC original ↗National Vision Holdings, Inc. — Earnings release (8-K exhibit)EX-99Aug 6, 2025
Adjusted operating incomequarter
69.1%
Adjusted Operating Income increased 69.1% to $23.8 million.
SEC original ↗National Vision Holdings, Inc. — Earnings release (8-K exhibit)EX-99Aug 6, 2025
Adjusted operating marginquarter
4.9%
Adjusted Operating Margin improved to 4.9% from 3.1%.
SEC original ↗National Vision Holdings, Inc. — Earnings release (8-K exhibit)EX-99Aug 6, 2025
Net incomequarter
$8,725 thousand
Net income (loss) $ 8,725 $ (3,125) $ 22,911 $ 8,560
SEC original ↗National Vision Holdings, Inc. — Earnings release (8-K exhibit)EX-99Aug 6, 2025
AI analysis
Q2 2025 · reported Aug 6, 2025
Based on: Earnings release + parent 8-K + 10-Q — transcript not held
Headline figures
| Metric | Q2 2025 | Prior qtr | Year ago |
|---|---|---|---|
| Net revenue | 7.7% | — | — |
| Revenue | 0.6% | — | — |
| Adjusted EPS | $0.18 | — | — |
| Adjusted operating income | 69.1% | — | — |
| Adjusted operating margin | 4.9% | — | — |
| Net income | $8,725 thousand | — | — |
Guidance · company-stated
Direction: Raised
“Fiscal 2025 Outlook The Company is raising certain elements of its fiscal 2025 outlook for the 53 weeks ending January 3, 2026, as set forth below.”
Classified from the release's primary full-year outlook statement.
Margin
Capital allocation
Balance Sheet and Cash Flow Highlights as of June 28, 2025 On May 15, 2025, the Company settled the remaining $84.8 million aggregate principal amount of 2.5% unsecured convertible senior notes due May 15, 2025.
Event summary
This release includes certain Non-GAAP Financial Measures that are not recognized under generally accepted account
Based on: Earnings release + parent 8-K + 10-Q — transcript not held
Guidance & outlook
Direction: Raised
Company outlook — Raised (“raising”)
“Fiscal 2025 Outlook The Company is raising certain elements of its fiscal 2025 outlook for the 53 weeks ending January 3, 2026, as set forth below.”
Classified from the release's primary full-year outlook statement.
Capital allocation
Balance Sheet and Cash Flow Highlights as of June 28, 2025 On May 15, 2025, the Company settled the remaining $84.8 million aggregate principal amount of 2.5% unsecured convertible senior notes due May 15, 2025.
SEC original ↗National Vision Holdings, Inc. — Earnings release (8-K exhibit)EX-99Aug 6, 2025
The settlement was made with $59.8 million from cash on hand and the remaining borrowed under the Company s revolving credit facility.
SEC original ↗National Vision Holdings, Inc. — Earnings release (8-K exhibit)EX-99Aug 6, 2025
The Company has $15.0 million outstanding under its $300.0 million first lien revolving credit facility, exclusive of letters of credit of $6.4 million.
SEC original ↗National Vision Holdings, Inc. — Earnings release (8-K exhibit)EX-99Aug 6, 2025
Total debt was $272.4 million as of June 28, 2025, consisting of outstanding first lien term loans, revolving loans and finance lease obligations, net of unamortized discounts.
SEC original ↗National Vision Holdings, Inc. — Earnings release (8-K exhibit)EX-99Aug 6, 2025
2 Prior Fiscal 2025 Outlook (As of May 7, 2025) Updated Fiscal 2025 Outlook (As of August 6, 2025) New Stores 30-35 32 Adjusted Comparable Store Sales Growth (1)(2) 1.5% - 3.5% 3.0% - 5.0% Net Revenue $1.919 billion - $1.955 billion $1.934 billion - $1.970 billion Adjusted Operating Income (2) $81 million - $92 million $85 million - $95 million Adjusted Diluted EPS (2)(3) $0.59 - $0.67 $0.62 - $0.70 Depreciation and Amortization (4) $93 million - $96 million $93 million - $96 million Interest (5) $17 million - $19 million $17 million - $19 million Tax Rate (6) 27% 27% Capital Expenditures $90 million - $95 million $87 million - $90 million 1 For the 52 weeks ending December 27, 2025.
SEC original ↗National Vision Holdings, Inc. — Earnings release (8-K exhibit)EX-99Aug 6, 2025
5 Before the impact of gains or losses on change in fair value of derivatives and charges related to debt discounts and deferred financing costs.
SEC original ↗National Vision Holdings, Inc. — Earnings release (8-K exhibit)EX-99Aug 6, 2025
Strategy & priorities
The implementation of our lifestyle selling approach, combined with strategic refinements to our assortment and pricing architecture, has supported solid positive comparable sales growth across our brands.
SEC original ↗National Vision Holdings, Inc. — Earnings release (8-K exhibit)EX-99Aug 6, 2025
Wilkes continued, Looking ahead, we remain confident in our strategic direction as reflected in our improved outlook for the year.
SEC original ↗National Vision Holdings, Inc. — Earnings release (8-K exhibit)EX-99Aug 6, 2025
We have a robust pipeline of initiatives, an experienced leadership team, and a renewed commitment to delivering excellence in eye care, which position us well to deliver sustainable growth and long-term value creation for our shareholders.
SEC original ↗National Vision Holdings, Inc. — Earnings release (8-K exhibit)EX-99Aug 6, 2025
As a percentage of net revenue, costs applicable to revenue decreased 170 basis points to 41.2%, primarily driven by the successful execution of pricing and product mix initiatives and the leveraging of optometrist-related costs.
SEC original ↗National Vision Holdings, Inc. — Earnings release (8-K exhibit)EX-99Aug 6, 2025
As a percentage of net revenue, costs applicable to revenue decreased 90 basis points to 40.7%, mainly due to the successful execution of pricing and product mix initiatives, partially offset by a slight decrease in product margins of contact lenses.
SEC original ↗National Vision Holdings, Inc. — Earnings release (8-K exhibit)EX-99Aug 6, 2025
Risks & headwinds
The fiscal 2025 outlook is forward-looking, subject to significant business, economic, regulatory and competitive uncertainties and contingencies, many of which are beyond the control of the Company and its management, and based upon assumptions with respect to future decisions, which are subject to change.
SEC original ↗National Vision Holdings, Inc. — Earnings release (8-K exhibit)EX-99Aug 6, 2025
These uncertainties include, but are not limited to, dynamic market conditions, unexpected disruptions including additional regulatory actions impacting international trade such as tariffs, and other macroeconomic risks and uncertainties.
SEC original ↗National Vision Holdings, Inc. — Earnings release (8-K exhibit)EX-99Aug 6, 2025
Forward-looking statements are not guarantees and are subject to various risks and uncertainties, which may cause actual results to differ materially from those implied in forward-looking statements.
SEC original ↗National Vision Holdings, Inc. — Earnings release (8-K exhibit)EX-99Aug 6, 2025
Adjusted EBITDA We define Adjusted EBITDA from continuing operations as net income (loss), minus income (loss) from discontinued operations, net of tax, plus interest expense (income), net, income tax provision and depreciation and amortization, further adjusted to exclude stock-based compensation expense, (gain) loss on extinguishment of debt, asset impairment, litigation settlement, secondary offering expenses, management realignment expenses, long-term incentive plan expenses, ERP and CRM implementation expenses, shareholder activism, severance and employee-related costs associated with restructuring and certain other expenses.
SEC original ↗National Vision Holdings, Inc. — Earnings release (8-K exhibit)EX-99Aug 6, 2025
Adjusted Diluted EPS We define Adjusted Diluted EPS from continuing operations as diluted earnings (loss) per share, minus diluted earnings (loss) per share from discontinued operations, adjusted for the per share impact of stock-based compensation expense, (gain) loss on extinguishment of debt, asset impairment, litigation settlement, secondary offering expenses, management realignment expenses, long-term incentive plan expenses, amortization of acquisition intangibles, amortization of debt discounts and deferred financing costs of our term loan borrowings, amortization of the conversion feature and deferred financing costs related to our 2025 Notes when not required under U.
SEC original ↗National Vision Holdings, Inc. — Earnings release (8-K exhibit)EX-99Aug 6, 2025
Adjusted SG A We define Adjusted SG A from continuing operations as SG A from continuing operations adjusted to exclude stock-based compensation expense, litigation settlement, secondary offering expenses, management realignment 5 expenses, long-term incentive plan expense, ERP and CRM implementation expenses, shareholder activism, severance and employee-related costs associated with restructuring and certain other expenses.
SEC original ↗National Vision Holdings, Inc. — Earnings release (8-K exhibit)EX-99Aug 6, 2025
Competitors
Competitors & peers
Same GICS sector — classification peers, not declared competitors
Filings
30 documentsEarnings releases
11 documentsPresentations
0 documentsNo presentations for National Vision Holdings, Inc. are held in this edition of the library.
Transcripts
0 documentsNo transcripts for National Vision Holdings, Inc. are held in this edition of the library.
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