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National Vision Tops Q2 Earnings, Lowers '24 Outlook

National Vision Holdings, Inc. (NASDAQ: EYE) delivered an adjusted EPS (earnings per share) of 15 cents in the second quarter of 2024 compared with 17 cents in the year-ago period. The figure surpassed the Zacks Consensus Estimate of 6 cents. The GAAP loss from continuing operations was 1 cent per share compared to an EPS of 5 cents in the prior-year quarter. Revenues in Detail On Feb 23, 2024, National Vision completed the termination of the Walmart Management and Services Agreement and discontinued the former Legacy reportable segment. During the second quarter of 2024, the company wound down its remaining AC Lens operations, including the closure of its Ohio distribution center. Following this development, Walmart stores and AC Lens operations are now accounted for in discontinued operations. As of Jun 29, 2024, the company's operations consisted of one reportable segment, Owned & Host. Net revenues from continuing operations in the second quarter totaled $451.7 million, which missed the Zacks Consensus Estimate by 2.8%. The top line rose 4.6% from the year-ago quarter's number, primarily driven by growth from new store sales and Adjusted Comparable Store Sales Growth, partially offset by the effect of converted and closed stores. National Vision Holdings, Inc. Price, Consensus and EPS Surprise National Vision Holdings, Inc. price-consensus-eps-surprise-chart | National Vision Holdings, Inc. Quote In the second quarter, comparable store sales growth was 2.2% year over year. Adjusted comparable store sales growth was 2.4%. National Vision opened 17 new stores ...