National Vision (NASDAQ:EYE) Announces Earnings Results

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

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 Price Performance

NASDAQ:EYE traded down $1.84 during midday trading on Wednesday, hitting $20.22. 3,732,106 shares of the stock were exchanged, compared to its average volume of 1,787,178. National Vision has a one year low of $14.75 and a one year high of $30.02. The company has a market capitalization of $1.62 billion, a price-to-earnings ratio of 35.47, a P/E/G ratio of 1.96 and a beta of 1.02. The business has a 50-day moving average price of $19.42 and a two-hundred day moving average price of $22.76. The company has a current ratio of 0.62, a quick ratio of 0.37 and a debt-to-equity ratio of 0.25.

Analyst Ratings Changes

Several brokerages have recently issued reports on EYE. Roth Capital set a $25.00 price objective on National Vision in a research report on Thursday, May 14th. Bank of America lowered their target price on National Vision from $35.00 to $30.00 and set a “buy” rating on the stock in a research report on Thursday, May 14th. UBS Group cut their target price 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. Morgan Stanley reduced their price target on National Vision from $30.00 to $22.00 and set an “equal weight” rating for the company in a research report on Thursday, May 14th. Finally, Barclays decreased their price target on National Vision from $38.00 to $27.00 and set an “overweight” rating for the company in a research note on Thursday, May 14th. Six research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat, National Vision currently has a consensus rating of “Moderate Buy” and a consensus target price of $30.82.

Key National Vision News

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

• Positive Sentiment: National Vision reported second-quarter 2026 earnings of $0.25 per share, above estimates ranging from $0.17 to $0.18 and up from $0.18 a year earlier. Revenue increased 2.6% year over year. National Vision Surpasses Q2 Earnings and Revenue Estimates
• Positive Sentiment: Management projects $119 million to $139 million in 2026 adjusted operating income, suggesting continued profitability and potential operating leverage. National Vision 2026 Operating Income Outlook
• Neutral Sentiment: The earnings release and conference call provide additional detail on second-quarter performance, store trends and management’s plans for the remainder of 2026. National Vision Second Quarter 2026 Results National Vision Q2 2026 Earnings Call Transcript
• Negative Sentiment: Quarterly revenue fell short of Wall Street expectations, and the company reportedly lost higher-paying self-pay customers. This raises concerns about customer mix, sales quality and future margins despite the EPS beat. National Vision Loses Higher-Paying Self-Pay Customers
• Negative Sentiment: Management narrowed its 2026 comparable-sales outlook to 3%–5%, reinforcing investor concerns that demand remains uneven and limiting the benefit of the earnings surprise. National Vision Narrows Comparable Sales Outlook

Institutional Trading of National Vision

A number of hedge funds and other institutional investors have recently modified their holdings of EYE. Kestra Advisory Services LLC bought a new stake in National Vision in the fourth quarter worth about $28,000. Caitong International Asset Management Co. Ltd bought a new position in shares of National Vision during the 4th quarter valued at about $47,000. Quarry LP boosted its position in shares of National Vision by 317.4% during the 3rd quarter. Quarry LP now owns 1,653 shares of the company’s stock valued at $48,000 after purchasing an additional 1,257 shares in the last quarter. Canada Pension Plan Investment Board grew its stake in shares of National Vision by 333.3% in the 2nd quarter. Canada Pension Plan Investment Board now owns 3,900 shares of the company’s stock worth $90,000 after purchasing an additional 3,000 shares during the last quarter. Finally, Mercer Global Advisors Inc. ADV acquired a new position in shares of National Vision in the 3rd quarter worth approximately $208,000.

About National Vision

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.