newsfilter
← Latest News
Business Wire·

National Vision Holdings, Inc. Reports Third Quarter 2026 Financial Results

EYE
  • National Vision Holdings reported third-quarter 2026 net revenue of $510.5 million, a 4.8% increase year-over-year.
  • Diluted EPS rose to $0.24, while Adjusted Diluted EPS more than doubled to $0.30 from $0.13 in the prior year.
  • Adjusted Operating Income increased 87.4% to $37.1 million, with Adjusted Operating Margin expanding 320 basis points to 7.3%.
  • Comparable store sales growth was 3.6%, driven by higher average ticket values, while Adjusted Comparable Store Sales Growth was 2.8%.
  • The company opened eight new America's Best stores and closed four total stores, ending the quarter with 1,285 locations.
  • Costs applicable to revenue decreased to 41.1% of net revenue, partially due to a one-time $4.7 million benefit from IEEPA tariff refunds.
  • SG&A expenses decreased 2.1% to $247.1 million, with Adjusted SG&A dropping to 47.2% of net revenue.
  • The company announced an updated share repurchase program authorizing up to $100 million of stock buybacks through December 28, 2030.
  • Fiscal 2026 adjusted operating income guidance was lowered to a range of $119 million to $131 million.
  • Fiscal 2026 adjusted diluted EPS guidance was revised to a range of $0.95 to $1.03.
  • Fiscal 2026 adjusted comparable store sales growth guidance was reduced to a range of 2.0% to 3.0%.
  • New store growth is expected to accelerate in 2027, one year ahead of the previous plan.
  • Cash balance stood at $60.0 million as of October 3, 2026, with total debt at $233.6 million and no outstanding borrowings on the revolving credit facility.
  • The company repurchased approximately 1.1 million shares for $20.0 million during the third quarter.
  • Year-to-date net income reached $62.8 million with a net income margin of 4.0% compared to 1.8% in the prior year period.