National Vision’s Financial Results and Outlook for Fiscal 2025
DULUTH, Ga.: National Vision Holdings, Inc. (NASDAQ: EYE) (“National Vision” or the “Company”), a leading optical retailer, reported its financial results for the fourth quarter and fiscal year ended December 28, 2024. The Company also provided its outlook for fiscal 2025.
CEO’s Perspective
“Fiscal 2024 was an important year for National Vision as we took decisive steps to strengthen our foundation and accelerate our transformation,”
said Reade Fahs, National Vision’s CEO. “
Financial Highlights
For the fourth quarter, National Vision reported revenue of $1.2 billion, a 5% increase compared to the same period last year. Net income was $115.3 million, or $1.08 per diluted share, compared to $103.5 million, or $0.97 per diluted share, in the same quarter last year. For the fiscal year, the Company reported revenue of $4.8 billion, a 3% increase compared to the previous year, and net income of $415.1 million, or $3.85 per diluted share, compared to $386.8 million, or $3.53 per diluted share, in the previous year.
Transformative Initiatives
During the year, National Vision initiated several transformative actions. These included the acquisition of America’s Best Contacts & Eyeglasses, a leading retailer of affordable eyewear, and the launch of its digital platform, which offers virtual try-on technology and home delivery services. The Company also implemented a new store design concept and began to roll out a new private label brand.
Fiscal 2025 Outlook
“We are confident that our strategic initiatives will drive growth and increase shareholder value in the coming year,”
Fahs added. For fiscal 2025, National Vision expects to report revenue growth of 4% to 6% and earnings per share growth of 7% to 9%. The Company also plans to open approximately 100 new stores and remodel 150 existing stores.
Impact on Consumers
The transformation at National Vision is expected to bring several benefits for consumers. The new digital platform will offer a more convenient shopping experience, with virtual try-on technology and home delivery services. The acquisition of America’s Best Contacts & Eyeglasses will provide consumers with more affordable options for eyewear. The new store design concept and private label brand are expected to offer a more personalized and modern shopping experience.
Impact on the World
National Vision’s transformation is also expected to have a positive impact on the optical industry as a whole. The Company’s digital platform and virtual try-on technology are expected to disrupt the traditional retail model and make eyewear more accessible to consumers. The acquisition of America’s Best Contacts & Eyeglasses is expected to increase competition in the affordable eyewear market. The new store design concept and private label brand are expected to set a new standard for optical retailing.
Conclusion
National Vision’s financial results for fiscal 2024 and its outlook for fiscal 2025 demonstrate the Company’s commitment to strengthening its foundation and accelerating its transformation. The strategic initiatives, including the acquisition of America’s Best Contacts & Eyeglasses and the launch of a digital platform, are expected to bring several benefits for consumers. The transformation at National Vision is also expected to have a positive impact on the optical industry as a whole.
- National Vision reported revenue of $1.2 billion for the fourth quarter, a 5% increase compared to the same period last year.
- Net income for the fourth quarter was $115.3 million, or $1.08 per diluted share.
- For the fiscal year, National Vision reported revenue of $4.8 billion, a 3% increase compared to the previous year.
- Net income for the fiscal year was $415.1 million, or $3.85 per diluted share.
- National Vision initiated several transformative actions, including the acquisition of America’s Best Contacts & Eyeglasses and the launch of a digital platform.
- For fiscal 2025, National Vision expects to report revenue growth of 4% to 6% and earnings per share growth of 7% to 9%.
- The Company plans to open approximately 100 new stores and remodel 150 existing stores.
- The transformation at National Vision is expected to bring several benefits for consumers, including a more convenient shopping experience and more affordable options for eyewear.
- The transformation at National Vision is also expected to have a positive impact on the optical industry as a whole, with disruptions to the traditional retail model and increased competition in the affordable eyewear market.
