National Vision (NASDAQ:EYE) Posts Quarterly Earnings Results, Beats Expectations By $0.07 EPS

National Vision (NASDAQ:EYE) issued its earnings results on Wednesday. The company reported $0.25 earnings per share for the quarter, beating the consensus estimate of $0.18 by $0.07, Briefing.com reports. The business had revenue of $498.81 million for the quarter. National Vision had a net margin of 2.31% and a return on equity of 6.41%. National Vision’s revenue was up 2.6% on a year-over-year basis. During the same quarter last year, the firm posted $0.18 earnings per share.

Here are the key takeaways from National Vision’s conference call:

• Q2 profitability improved: Net revenue rose 2.5% to $499 million, adjusted comparable-store sales increased 2.2%, adjusted operating margin expanded 140 basis points to 6.3%, and adjusted EPS climbed to $0.25 from $0.18.
• Premiumization is driving growth: Average ticket increased 7.1% and more than half of the increase came from product mix rather than pricing, with momentum in premium lenses, branded frames, managed care, and higher-value transactions.
• Full-year profitability guidance was raised: Adjusted operating income is now expected at $119 million-$139 million, while the company continues to target $0.94-$1.09 in adjusted EPS and approximately $10 million in annualized cost savings.
• Traffic remains pressured: Overall customer traffic fell 4.9%, particularly among value-seeking customers purchasing at the introductory bundle price point; the company narrowed its full-year comparable-sales outlook to 3%-5% as it assumes those purchases may remain deferred.
• Digital and brand investments are expanding: The e-commerce replatform caused an estimated 150-basis-point Q2 headwind but is beginning to improve exam-booking conversion, while increased marketing, store segmentation, premium offerings, and an Eyeglass World repositioning are planned for the second half.

National Vision Trading Down 11.6%

Shares of National Vision stock opened at $19.51 on Thursday. The stock has a market capitalization of $1.56 billion, a P/E ratio of 34.23, a price-to-earnings-growth ratio of 1.92 and a beta of 1.02. The company has a quick ratio of 0.37, a current ratio of 0.62 and a debt-to-equity ratio of 0.25. The company has a 50-day simple moving average of $19.48 and a 200 day simple moving average of $22.71. National Vision has a 12-month low of $14.75 and a 12-month high of $30.02.

Key Stories Impacting National Vision

Here are the key news stories impacting National Vision this week:

• Positive Sentiment: National Vision reported adjusted earnings of $0.25 per share, above the approximately $0.17–$0.18 analyst estimates and up from $0.18 in the year-ago quarter. Revenue increased 2.6% year over year. National Vision Second Quarter 2026 Financial Results
• Positive Sentiment: The company projected 2026 adjusted operating income of $119 million to $139 million, providing investors with a profitability outlook for the full year. National Vision 2026 Operating Income Outlook
• Neutral Sentiment: Management narrowed its comparable-store sales outlook to growth of 3%–5%, signaling continued sales expansion but less certainty around the pace of growth. National Vision Comparable-Store Sales Outlook
• Negative Sentiment: Quarterly revenue fell short of expectations, and the company reportedly lost higher-paying self-pay customers. The resulting customer mix pressure is concerning because it can weigh on sales quality, margins and future earnings growth. National Vision Customer Mix and Revenue Shortfall
• Negative Sentiment: The earnings beat was driven primarily by profitability rather than strong top-line performance. With net margin at just 2.31% and the 2026 comparable-sales outlook narrowed, investors may remain cautious about the durability of the improvement. National Vision Key Second Quarter Metrics

Hedge Funds Weigh In On National Vision

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Wellington Management Group LLP increased its holdings in shares of National Vision by 27.6% during the fourth quarter. Wellington Management Group LLP now owns 5,783,699 shares of the company’s stock worth $149,335,000 after buying an additional 1,251,499 shares in the last quarter. Arrowstreet Capital Limited Partnership grew its position in National Vision by 15.3% during the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 3,295,290 shares of the company’s stock worth $96,190,000 after acquiring an additional 437,655 shares during the last quarter. Dimensional Fund Advisors LP grew its position in National Vision by 5.5% during the 4th quarter. Dimensional Fund Advisors LP now owns 3,029,596 shares of the company’s stock worth $78,224,000 after acquiring an additional 156,859 shares during the last quarter. Geode Capital Management LLC increased its holdings in National Vision by 2.9% during the 4th quarter. Geode Capital Management LLC now owns 1,990,329 shares of the company’s stock valued at $51,399,000 after purchasing an additional 55,824 shares in the last quarter. Finally, Bank of America Corp DE increased its holdings in National Vision by 127.9% during the 2nd quarter. Bank of America Corp DE now owns 1,965,856 shares of the company’s stock valued at $45,234,000 after purchasing an additional 1,103,213 shares in the last quarter.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on EYE. Roth Capital set a $25.00 price target on shares of National Vision in a research note on Thursday, May 14th. UBS Group lowered their price objective on National Vision from $42.00 to $36.00 and set a “buy” rating on the stock in a research note on Thursday, May 14th. Citigroup dropped their target price on National Vision from $40.00 to $39.00 and set a “buy” rating for the company in a report on Friday, May 15th. Bank of America cut their target price on National Vision from $35.00 to $30.00 and set a “buy” rating for the company in a research report on Thursday, May 14th. Finally, Wells Fargo & Company decreased their price target on National Vision from $30.00 to $20.00 and set an “equal weight” rating on the stock in a research note on Thursday, May 14th. Six research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $30.82.

National Vision Company Profile

National Vision Holdings, Inc is an American optical retailer specializing in accessible vision care and eyewear. The company operates under multiple retail banners, offering comprehensive eye health services and a wide range of optical products. Since its founding in the early 1990s, National Vision has focused on providing value-driven solutions, targeting underserved and price‐conscious consumer segments.

Through its primary retail brands—including America’s Best Contacts & Eyeglasses, Eyeglass World, Optical America and Vista Optical—National Vision delivers services such as comprehensive eye examinations, prescription eyewear, contact lenses, sunglasses and lens accessories.