May. 13 at 4:39 PM
$EYE beat expectation
National Vision Holdings tumbled after the company reported first-quarter revenue and same-store sales
growth that missed Wall Street estimates.
Shares of the optical retail company fell 25% on Wednesday to
$15.63. The stock fell to a new 52-week low of
$15.81 on
Wednesday.
The company posted a first-quarter profit of
$31.2 million, or 38 cents a share, compared with
$14.2 million, or 18
cents a share, a year earlier.
Adjusted per-share earnings came in at 45 cents a share. Analysts polled by FactSet had expected 43 cents a share.
Revenue rose to
$543.9 million from
$510.3 million a year earlier. Analysts had expected
$545.1 million. Same-store
sales growth was 4.4%, below Wall Street's estimate of 4.8%.
The company reiterated its fiscal 2026 outlook. It expects revenue of
$2.03 billion to
$2.09 billion, and adjusted
per-share earnings of 85 cents to
$1.09. Analysts expect full-year sales of
$2.08 billion and adjusted earnings of 99
cents a share.
