Navitas stock soars as company advances 800V tech for NVIDIA AI platforms
NEW YORK - National Vision Holdings, Inc. (NASDAQ:EYE) reported mixed fourth quarter results and provided a cautious outlook for fiscal 2025 on Wednesday.
The comapany’s shares were down nearly -3% in pre-market trading.
The optical retailer posted adjusted earnings per share of -$0.04 for Q4, beating analyst estimates of -$0.07. Revenue rose 3.9% year-over-year to $437.3 million, surpassing expectations of $432.83 million.
Comparable store sales growth was 2.6% in Q4, while adjusted comparable store sales growth came in at 1.5%.
For fiscal 2025, National Vision forecasts earnings per share of $0.52 to $0.64 on revenue of $1.901 billion to $1.955 billion. The midpoint of the EPS guidance range is slightly above the $0.53 consensus estimate, while the revenue outlook exceeds analysts’ projections of $1.89 billion.
"Fiscal 2024 was an important year for National Vision as we took decisive steps to strengthen our foundation and accelerate our transformation," said CEO Reade Fahs. He noted the company delivered its eighth consecutive quarter of positive comparable store sales growth.
However, investors appeared to focus on the cautious tone around consumer demand. The company said it is "operating in a macro-economic environment that may impact consumer demand."
National Vision plans to open 30-35 new stores in fiscal 2025 and expects adjusted comparable store sales growth of 0.5% to 3.5%.
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