National Vision (NASDAQ:EYE) Posts Quarterly Earnings Results, Beats Estimates By $0.13 EPS

National Vision (NASDAQ:EYE) posted its quarterly earnings results on Thursday. The company reported $0.30 EPS 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 business had revenue of $510.53 million during the quarter, compared to analysts’ expectations of $512.53 million. During the same period last year, the company posted $0.13 earnings per share. The business’s quarterly revenue was up 4.8% on a year-over-year basis. 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 Price Performance

NASDAQ:EYE traded up $0.40 during mid-day trading on Thursday, reaching $18.49. The stock had a trading volume of 1,560,539 shares, compared to its average volume of 1,890,297. The firm has a 50 day moving average price of $17.07 and a two-hundred day moving average price of $21.01. The stock has a market capitalization of $1.46 billion, a P/E ratio of 30.24, a P/E/G ratio of 1.50 and a beta of 0.96. National Vision has a one year low of $14.75 and a one year high of $30.02. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.27 and a current ratio of 0.59.

Wall Street Analyst Weigh In

EYE has been the subject of several recent analyst reports. UBS Group reduced their target price on 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 set a $27.00 price target on shares of National Vision in a report on Thursday, August 13th. Citigroup cut their price objective on National Vision from $39.00 to $35.00 and set a “buy” rating on the stock in a research report on Thursday, August 13th. Guggenheim set a $27.00 price objective on National Vision in a research note on Friday, September 11th. Finally, Weiss Ratings downgraded National Vision from a “hold (c)” rating to a “hold (c-)” rating in a research note on Tuesday, August 25th. Seven equities 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 stock has a consensus rating of “Moderate Buy” and an average target price of $29.82.

Key Stories Impacting National Vision

Investors following EYE have been watching these stories:

• 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
• Negative Sentiment: Revenue of $510.5 million fell short of the $512.5 million estimate, although it increased 4.8% year over year. National Vision earnings beat offset by revenue miss and weak 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

National Vision Company Profile

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.