EYE - National Vision Holdings beats Q1 top and bottom line estimates; reaffirms FY23 outlook

2023-05-11 06:07:21 ET

• National Vision Holdings press release ( NASDAQ: EYE ): Q1 Non-GAAP EPS of $0.31 beats by $0.02 .
• Revenue of $562.4M (+6.6% Y/Y) beats by $9.71M .
• Comparable store sales growth of 3.0% and Adjusted Comparable Store Sales Growth of 0.8% from Q1 2022.
• Adjusted Operating Income of $39.9 million compared to $45.3 million in Q1 2022.
• Reaffirms fiscal 2023 outlook: The Company reaffirms the previously provided outlook for its key operating metrics, while updating its expectations for tax rate from 26% to 26% - 28%.
• Expects Net Revenue of $2.075 - $2.135 billion  vs. consensus of $2.11B; Adjusted Diluted EPS of  $0.42 - $0.60 vs. consensus of $0.54; Adjusted Comparable Store Sales Growth of 0% - 3%; Capital Expenditures of $115 - $120 million.

For further details see: