On Tuesday, National Vision Holdings Inc., a reputable optical retail company, shared its financial results for the fourth quarter. The company also provided its earnings, net revenue, and comparable store sales growth forecasts for the entire year of 2024, aligning with previous estimates.
National Vision Holdings forecasts an adjusted net earning between $0.50 and $0.65 per share for the fiscal year of 2024. Moreover, they project a net revenue ranging from $1.965 billion to $2.005 billion, accompanied by a growth in adjusted comparable store sales of 2% to 4%.
A poll conducted by Thomson Reuters, consisting of 11 analysts, anticipates the company to earn about $0.55 per share and generate revenue of $1.98 billion in 2024, excluding any special items in their estimates.
Furthermore, effective from February 23, 2024, National Vision Holdings successfully transitioned 229 Walmart Vision Center stores, staying on course with its objective of terminating its AC Lens operations by June 30, 2024.
Comprising the Walmart Vision Center and AC Lens operations for 2024, the company approximates an income of around $145 million in revenue. Before accounting for income tax, the Earnings are expected to be around $2.5 million.
