National Vision (NASDAQ:EYE) Issues Quarterly Earnings Results

National Vision (NASDAQ:EYE) released its earnings results on Thursday. The company reported $0.30 earnings per share for the quarter, topping analysts’ consensus estimates of $0.17 by $0.13, FiscalAI reports. National Vision had a net margin of 2.47% and a return on equity of 6.78%. The firm had revenue of $510.53 million for the quarter, compared to the consensus estimate of $512.53 million. During the same period in the prior year, the firm earned $0.13 EPS. The company’s revenue was up 4.8% compared to the same quarter last year. National Vision updated its FY 2026 guidance to 0.950-1.030 EPS.

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

• Third-quarter profitability improved sharply: adjusted operating margin expanded 320 basis points to 7.3%, and adjusted EPS more than doubled to $0.30. Excluding a one-time $4.7 million tariff-refund benefit, margin expansion was 230 basis points.
• Revenue rose 4.8% to $511 million and comparable sales increased 2.8%, but traffic fell 5.6%. Management said the decline was concentrated in lower-value transactions, which it attributes to longer purchase cycles among cash-pay customers amid consumer pressure.
• Average ticket grew 8.9%, primarily from improved customer mix and product attachment rather than like-for-like pricing; managed-care sales grew at a high-single-digit rate, with positive traffic. Management said higher-value transactions are supporting profitability, though weakness among lower-value customers is weighing on overall traffic.
• For 2026, National Vision forecast revenue of $2.02–$2.04 billion and comparable-sales growth of about 2%–3%, while maintaining adjusted EPS guidance of $0.95–$1.03. The outlook reflects continued traffic pressure and a more cautious Q4, alongside planned marketing and technology investment.
• The company plans to accelerate store openings to approximately 50–55 in 2027, a year earlier than previously planned, citing stronger unit economics and progress on its commercial transformation. The board also authorized a new $100 million share-repurchase program.

National Vision Stock Performance

NASDAQ:EYE traded up $0.40 during mid-day trading on Thursday, reaching $18.49. The company’s stock had a trading volume of 1,560,539 shares, compared to its average volume of 1,890,297. The company has a current ratio of 0.59, a quick ratio of 0.27 and a debt-to-equity ratio of 0.25. The stock has a market cap of $1.46 billion, a P/E ratio of 30.24, a PEG ratio of 1.50 and a beta of 0.96. The firm’s fifty day moving average price is $17.07 and its two-hundred day moving average price is $21.01. National Vision has a 12-month low of $14.75 and a 12-month high of $30.02.

National Vision News Summary

Investors following EYE have been watching these news items:

• Positive Sentiment: Third-quarter adjusted earnings were $0.30 per share, above analyst estimates of $0.15–$0.17 and up from $0.13 a year earlier. National Vision beats Q3 earnings estimates
• Positive Sentiment: Full-year 2026 EPS guidance of $0.95–$1.03 is slightly above the $0.94 consensus estimate, offering some support despite the mixed sales outlook.
• Negative Sentiment: The company lowered its comparable-sales growth outlook and projected full-year revenue of about $2.0 billion, below the roughly $2.1 billion analyst consensus. These signals could temper confidence in near-term growth. National Vision reports higher Q3 earnings but lowers comparable sales growth outlook

Analyst Upgrades and Downgrades

EYE has been the subject of several recent research reports. Guggenheim set a $27.00 target price on shares of National Vision in a report on Friday, September 11th. Citigroup reduced their price objective on shares of National Vision from $39.00 to $35.00 and set a “buy” rating for the company in a research note on Thursday, August 13th. UBS Group decreased their target price on shares of National Vision from $36.00 to $34.00 and set a “buy” rating for the company in a report on Thursday, August 13th. Roth Capital reiterated a “buy” rating and issued a $27.00 target price on shares of National Vision in a research note on Thursday, August 13th. Finally, Weiss Ratings cut shares of National Vision from a “hold (c)” rating to a “hold (c-)” rating in a report on Tuesday, August 25th. Seven analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat, National Vision presently has a consensus rating of “Moderate Buy” and a consensus target price of $29.82.

About National Vision

National Vision Holdings, Inc. is a U.S. optical retailer that provides eye care services and sells eyewear. Its offerings include eye exams, prescription eyeglasses, contact lenses, sunglasses and related accessories. The company operates stores under brands including America’s Best Contacts & Eyeglasses and Eyeglass World. It also operates Vista Optical locations, including stores in select host locations. Founded in 1990, National Vision serves customers across the United States through its retail locations and online channels.