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DULUTH, Ga. - National Vision Holdings, Inc. (NASDAQ:EYE) reported first quarter 2025 earnings that exceeded analyst expectations and raised its full-year guidance, driven by successful implementation of new transformation initiatives and cost reduction actions.
The eyewear retailer posted adjusted earnings per share of $0.34, surpassing the analyst consensus of $0.32. Revenue for the quarter came in at $510.3 million, slightly below the estimate of $510.33 million but representing a 5.7% increase compared to the same period last year.
Comparable store sales growth of 4.1% and adjusted comparable store sales growth of 5.5% marked the ninth consecutive quarter of positive growth for National Vision. The company attributed its strong performance to the initial wave of transformation actions implemented in the previous quarter.
"Our first quarter results are a testament to the entire team’s disciplined execution against the new strategic approach our leadership team began to implement last quarter," said Reade Fahs, National Vision’s CEO.
National Vision raised its fiscal 2025 outlook, now expecting full-year earnings per share between $0.59 and $0.67, above the previous analyst consensus of $0.57. The company also increased its revenue guidance to a range of $1.92 billion to $1.95 billion, compared to the consensus estimate of $1.92 billion.
Alex Wilkes, National Vision’s President, commented on the company’s strategy, stating, "The intentional, strategic shift to broaden our exposure to existing higher value customer segments coupled with our roadmap of future initiatives reinforces our confidence in our operational and financial growth, even amidst an increasingly uncertain environment."
The company plans to continue introducing new lifestyle selling techniques, enhancing its branded frame assortment, and improving its digital experience to drive future growth.
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