National Vision Holdings Inc Reports Q2 2024 Financial Results
Intellectia.AI Updated: 2024-08-08
National Vision Holdings, Inc. Reports Q2 2024 Financial Results
National Vision Holdings, Inc. (NVI) has released its financial results for the second quarter ending June 29, 2024.
Key Financial Metrics
| Metric | Q2 2024 | Q2 2023 | YoY Change (%) | Consensus Estimates |
|---|---|---|---|---|
| Revenue | $451.7 million | $431.8 million | 4.6% | $452.36 million |
| Earnings per Share (EPS) | $0.09 | $0.07 | 28.6% | $0.09 |
Interpretation: National Vision Holdings, Inc. reported a year-over-year revenue increase of 4.6%, reaching $451.7 million, slightly below the consensus estimate of $452.36 million. The EPS also saw an improvement from $0.07 to $0.09, meeting the consensus estimates.
Revenue Performance Across Major Segments
No specific segment revenue data was provided.
Interpretation: Detailed segment revenue data is unavailable; however, the overall increase in segmental performance is driven by new store openings and positive comparable store sales growth.
Dividends or Share Repurchase Program
National Vision Holdings, Inc. has a share repurchase program authorized on February 23, 2024, allowing repurchases up to $50 million aggregate amount of shares until January 3, 2026.
Stock Price Movement after Earnings Release
| Date | Post-Earnings % Change |
|---|---|
| July 26, 2024 | -19.2% |
Interpretation: The company's stock price fell by approximately 19.2% after the earnings release, indicating a potentially negative market reaction despite the positive improvements in revenue and EPS.
Overall, National Vision Holdings, Inc. delivered solid financial results for Q2 2024 with revenue and EPS growth, meeting expectations, but faced a significant stock price drop post-earnings release.
