National Vision Holdings Past Earnings Performance
Past criteria checks 2/6
National Vision Holdings's earnings have been declining at an average annual rate of -58.4%, while the Specialty Retail industry saw earnings declining at 4.3% annually. Revenues have been declining at an average rate of 1.2% per year. National Vision Holdings's return on equity is 5.2%, and it has net margins of 2.3%.
Key information
-58.39%
Earnings growth rate
-57.96%
EPS growth rate
| Specialty Retail Industry Growth | 26.64% |
| Revenue growth rate | -1.15% |
| Return on equity | 5.19% |
| Net Margin | 2.31% |
| Last Earnings Update | 04 Apr 2026 |
Recent past performance updates
Recent updates
Narrative Update • Jun 03
EYE: Store Openings And Margin Improvement Will Support Long Term Upside
Analysts are keeping their $39.00 price target for National Vision Holdings unchanged, citing only modest shifts in discount rate, revenue growth, profit margin assumptions and a slightly lower future P/E as reasons for maintaining their view. What's in the News National Vision Holdings reiterated earnings guidance for the 52 weeks ending January 2, 2027, with expected net revenue in a range of US$2.033b to US$2.091b.Narrative Update • May 20
EYE: Store Expansion And Buybacks Will Support Long Term Margin Outlook
Analysts have maintained their $39.00 price target for National Vision Holdings. The updated view reflects slightly different assumptions on discount rate, revenue growth, profit margin, and future P/E that offset each other overall.
Narrative Update • Apr 29
EYE: Long Dated Buyback Authorization Will Support Future Upside Potential
Analysts have updated their price target for National Vision Holdings to $35.27. This reflects small adjustments to assumptions around the discount rate and future P/E used in their valuation work.
Narrative Update • Apr 15
EYE: Share Repurchases And Store Openings Will Support A Fairly Balanced Outlook
Analysts now see slightly less upside for National Vision Holdings, trimming their fair value estimate from $27.00 to $26.00 as they factor in a modestly higher discount rate, slightly lower revenue growth assumptions, a small improvement in profit margin, and a lower future P/E multiple. What's in the News The Board of Directors authorized a share repurchase plan on March 2, 2026, allowing the company to buy back its common stock (Key Developments).Narrative Update • Mar 31
EYE: New Buyback Authorization Will Support Future Upside Potential
Analysts now maintain their fair value estimate for National Vision Holdings at $35.27 per share, making only minor refinements to assumptions such as discount rate, revenue growth, profit margin, and future P/E to reflect updated modeling inputs rather than a change in overall view. What's in the News The Board of Directors authorized a new share repurchase plan on March 2, 2026, setting the framework for future buybacks (company announcement).Seeking Alpha • Mar 31
National Vision Holdings: Growth Outlook Got Better
Summary National Vision Holdings is no longer a turnaround story—FY2025 results show robust growth, margin expansion, and improved customer mix. Managed care now drives 42% of revenue, with higher-value cohorts and premiumization strategies fueling sustainable, higher-margin growth. Premiumization extends beyond frames to lenses, targeting higher ticket sizes and margins through new products and increased premium lens penetration. EYE’s remote hybrid exam model addresses exam capacity constraints, unlocking further growth potential; shares trade at the low end of their historical valuation range. Read the full article on Seeking AlphaNarrative Update • Mar 17
EYE: Share Repurchases And New Store Openings Will Support Future Upside
Analysts have lifted their price target on National Vision Holdings to about $35.27 from roughly $32.82, citing updated assumptions for discount rate, revenue growth, profit margin, and future P/E that they view as better reflecting the company’s current risk and earnings profile. What's in the News The Board of Directors authorized a share repurchase plan, with approval granted on March 2, 2026 (Key Developments).Narrative Update • Mar 03
EYE: Reaffirmed Guidance And Margin Assumptions Will Support Fairly Balanced Outlook
Analysts have maintained their $27.00 price target for National Vision Holdings, citing only modest changes to their underlying assumptions around discount rate, revenue growth, profit margin and future P/E that balance each other out in the updated model. What's in the News National Vision Holdings reaffirmed earnings guidance for the 53 weeks ending January 3, 2026, indicating that management is maintaining its outlook.Narrative Update • Feb 17
EYE: Guidance Reaffirmation And Margin Outlook Will Shape Fairly Balanced Prospects
Analysts maintained their average price target for National Vision Holdings at $27.00, citing updated assumptions that include a slightly lower discount rate, modestly higher revenue growth and profit margin expectations, and a marginally lower future P/E multiple, which together still support the prior valuation level. What's in the News National Vision Holdings reaffirmed earnings guidance for the 53 weeks ending January 3, 2026, keeping its outlook unchanged for the period.Narrative Update • Feb 03
EYE: Long Term Margin Expansion Plans Will Support Bullish Outlook
Analysts now see fair value for National Vision Holdings at $39, up from $36. They cite revised assumptions for revenue growth, profit margins, and a lower future P/E multiple as key drivers of the updated price target.Narrative Update • Jan 20
EYE: Long-Term Store Expansion And Margins Will Face Execution Risks
Analysts have raised their fair value estimate for National Vision Holdings from US$26.00 to US$27.00, reflecting updated assumptions for revenue growth, profit margins, a slightly adjusted discount rate, and the future P/E outlook. What's in the News Reaffirmed earnings guidance for the 53 weeks ending January 3, 2026, with expected net revenue of US$1.970b to US$1.988b (company guidance).Narrative Update • Jan 06
EYE: Long Term Store Expansion Plans Will Support Future Upside
Analysts have trimmed their price target for National Vision Holdings to about $32.82 per share from roughly $32.90, reflecting updated assumptions around the discount rate, projected revenue growth, profit margin, and future P/E multiples. What's in the News Company issued earnings guidance for fiscal 2025 through fiscal 2030 and for fiscal 2026, with expectations for annual net revenue growth in the high single digits from the 2025 base period (Corporate guidance).Analysis Article • Jan 04
National Vision Holdings (NASDAQ:EYE) Seems To Use Debt Quite Sensibly
Some say volatility, rather than debt, is the best way to think about risk as an investor, but Warren Buffett famously...Narrative Update • Dec 23
EYE: Margin Expansion Outlook Will Eventually Prove Unsustainable
Analysts have raised their price target on National Vision Holdings from approximately 22 dollars to 26 dollars. This reflects increased confidence in the company’s ability to expand profit margins despite slightly lower projected revenue growth and a more modest future price to earnings multiple.Narrative Update • Dec 09
EYE: Expansion Plan And Raised Revenue Outlook Will Drive Future Upside
Analysts have modestly raised their price target on National Vision Holdings to 32.90 dollars from 32.90 dollars, reflecting slightly higher assumptions for discount rate, long term revenue growth, profit margin, and future earnings multiples. What's in the News Reaffirmed long term outlook for fiscal 2025 through 2030, targeting high single digit annual net revenue growth, including a planning scenario for fiscal 2026 with similar growth expectations (Corporate Guidance).Narrative Update • Nov 25
EYE: Accelerated Store Expansion Will Drive Outperformance Through 2030
Analysts have raised their price target for National Vision Holdings from $29.80 to $32.90. They cite improved revenue growth forecasts and higher expected profit margins.Narrative Update • Nov 05
EYE: Shares Likely To Outperform As Discount Rate Edges Lower
Narrative Update on National Vision Holdings: Analyst Price Target Revision Analysts have maintained their fair value estimate for National Vision Holdings at $29.80. They cited minor adjustments in growth and profitability outlooks, which only modestly affected underlying financial assumptions.Narrative Update • Oct 22
Analysts Lift Price Target for National Vision Holdings Following Guidance and Brand Updates
Narrative Update on National Vision Holdings Analysts have slightly raised their price target for National Vision Holdings to $29.80, up from $29.15. This change reflects small adjustments to growth assumptions and discount rates.Narrative Update • Oct 08
Managed Care Expansion And Digital Trends Will Unlock Value
Analysts have raised their price target for National Vision Holdings from $28.85 to $29.15. This change reflects improved outlooks around revenue growth and profit margins.Analysis Article • Jul 29
Is There Now An Opportunity In National Vision Holdings, Inc. (NASDAQ:EYE)?
National Vision Holdings, Inc. ( NASDAQ:EYE ), is not the largest company out there, but it received a lot of attention...Analysis Article • Jul 02
National Vision Holdings (NASDAQ:EYE) Could Be Struggling To Allocate Capital
When we're researching a company, it's sometimes hard to find the warning signs, but there are some financial metrics...Analysis Article • Jun 17
Is National Vision Holdings (NASDAQ:EYE) A Risky Investment?
Howard Marks put it nicely when he said that, rather than worrying about share price volatility, 'The possibility of...Analysis Article • May 30
Is National Vision Holdings, Inc. (NASDAQ:EYE) Worth US$20.0 Based On Its Intrinsic Value?
Key Insights Using the 2 Stage Free Cash Flow to Equity, National Vision Holdings fair value estimate is US$15.45...New Narrative • May 27
Digital Segmentation And Premium Offerings Will Drive Future Growth
Targeting higher-value segments and investing in digital experiences drives customer growth, retention, and margin improvement as vision needs increase across demographics.Analysis Article • May 08
Revenues Tell The Story For National Vision Holdings, Inc. (NASDAQ:EYE) As Its Stock Soars 38%
National Vision Holdings, Inc. ( NASDAQ:EYE ) shareholders have had their patience rewarded with a 38% share price jump...Analysis Article • Apr 22
Is There Now An Opportunity In National Vision Holdings, Inc. (NASDAQ:EYE)?
National Vision Holdings, Inc. ( NASDAQ:EYE ), is not the largest company out there, but it received a lot of attention...Analysis Article • Mar 20
National Vision Holdings (NASDAQ:EYE) Will Be Looking To Turn Around Its Returns
To avoid investing in a business that's in decline, there's a few financial metrics that can provide early indications...Analysis Article • Feb 15
Here's Why National Vision Holdings (NASDAQ:EYE) Has A Meaningful Debt Burden
Legendary fund manager Li Lu (who Charlie Munger backed) once said, 'The biggest investment risk is not the volatility...Analysis Article • Dec 18
National Vision Holdings (NASDAQ:EYE) Is Finding It Tricky To Allocate Its Capital
To avoid investing in a business that's in decline, there's a few financial metrics that can provide early indications...Analysis Article • Nov 26
Pinning Down National Vision Holdings, Inc.'s (NASDAQ:EYE) P/S Is Difficult Right Now
It's not a stretch to say that National Vision Holdings, Inc.'s ( NASDAQ:EYE ) price-to-sales (or "P/S") ratio of 0.4x...Analysis Article • Nov 02
Why National Vision Holdings, Inc. (NASDAQ:EYE) Could Be Worth Watching
National Vision Holdings, Inc. ( NASDAQ:EYE ), is not the largest company out there, but it saw a decent share price...Analysis Article • Aug 09
Some Confidence Is Lacking In National Vision Holdings, Inc.'s (NASDAQ:EYE) P/S
It's not a stretch to say that National Vision Holdings, Inc.'s ( NASDAQ:EYE ) price-to-sales (or "P/S") ratio of 0.4x...Analysis Article • Jul 18
Is National Vision Holdings (NASDAQ:EYE) Using Too Much Debt?
Some say volatility, rather than debt, is the best way to think about risk as an investor, but Warren Buffett famously...Seeking Alpha • May 31
National Vision Holdings: Strong Catalyst To Help Business Achieve High End Of Guidance
Summary My recommendation is a buy due to the rollout of remote exam capabilities, which is expected to drive same-store sales and improve valuation. EYE is a leading optical retailer in the US, focusing on value products for lower-end customers. The introduction of remote exam technology in Texas could significantly improve operations and contribute to high single-digit same-store sales growth. Read the full article on Seeking AlphaAnalysis Article • May 24
Is It Time To Consider Buying National Vision Holdings, Inc. (NASDAQ:EYE)?
While National Vision Holdings, Inc. ( NASDAQ:EYE ) might not have the largest market cap around , it saw significant...Revenue & Expenses Breakdown
Revenue & Expenses Breakdown
How National Vision Holdings makes and spends money. Based on latest reported earnings, on an LTM basis.
Earnings and Revenue History
| Date | Revenue | Earnings | G+A Expenses | R&D Expenses |
|---|---|---|---|---|
| 04 Apr 26 | 2,021 | 47 | 1,011 | 0 |
| 03 Jan 26 | 1,987 | 30 | 1,011 | 0 |
| 27 Sep 25 | 1,921 | -3 | 983 | 0 |
| 28 Jun 25 | 1,886 | -15 | 968 | 0 |
| 29 Mar 25 | 1,851 | -25 | 952 | 0 |
| 28 Dec 24 | 1,823 | -27 | 934 | 0 |
| 28 Sep 24 | 1,807 | -12 | 925 | 0 |
| 29 Jun 24 | 1,794 | -4 | 918 | 0 |
| 30 Mar 24 | 1,774 | 0 | 910 | 0 |
| 30 Dec 23 | 1,756 | 4 | 903 | 0 |
| 30 Sep 23 | 1,804 | 9 | 912 | 0 |
| 01 Jul 23 | 1,865 | 21 | 910 | 0 |
| 01 Apr 23 | 1,943 | 27 | 915 | 0 |
| 31 Dec 22 | 1,645 | 37 | 833 | 0 |
| 01 Oct 22 | 2,014 | 58 | 906 | 0 |
| 02 Jul 22 | 2,033 | 87 | 899 | 0 |
| 02 Apr 22 | 2,073 | 115 | 905 | 0 |
| 01 Jan 22 | 2,080 | 128 | 899 | 0 |
| 02 Oct 21 | 2,098 | 157 | 882 | 0 |
| 03 Jul 21 | 2,066 | 151 | 851 | 0 |
| 03 Apr 21 | 1,776 | 70 | 751 | 0 |
| 02 Jan 21 | 1,712 | 36 | 721 | 0 |
| 26 Sep 20 | 1,617 | 5 | 691 | 0 |
| 27 Jun 20 | 1,563 | -29 | 696 | 0 |
| 28 Mar 20 | 1,733 | 25 | 744 | 0 |
| 28 Dec 19 | 1,724 | 33 | 744 | 0 |
| 28 Sep 19 | 1,678 | 10 | 733 | 0 |
| 29 Jun 19 | 1,634 | 14 | 727 | 0 |
| 30 Mar 19 | 1,590 | 17 | 711 | 0 |
| 29 Dec 18 | 1,537 | 24 | 687 | 0 |
| 29 Sep 18 | 1,503 | 68 | 676 | 0 |
| 30 Jun 18 | 1,461 | 64 | 642 | 0 |
| 31 Mar 18 | 1,413 | 51 | 621 | 0 |
| 30 Dec 17 | 1,375 | 43 | 600 | 0 |
| 30 Sep 17 | 1,331 | 7 | 575 | 0 |
| 01 Jul 17 | 1,286 | 9 | 558 | 0 |
| 01 Apr 17 | 1,257 | 21 | 544 | 0 |
| 31 Dec 16 | 1,196 | 13 | 526 | 0 |
| 02 Jan 16 | 1,063 | 4 | 474 | 0 |
Quality Earnings: EYE has high quality earnings.
Growing Profit Margin: EYE became profitable in the past.
Free Cash Flow vs Earnings Analysis
Past Earnings Growth Analysis
Earnings Trend: EYE's earnings have declined by 58.4% per year over the past 5 years.
Accelerating Growth: EYE has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.
Earnings vs Industry: EYE has become profitable in the last year, making it difficult to compare its past year earnings growth to the Specialty Retail industry (0.04%).
Return on Equity
High ROE: EYE's Return on Equity (5.2%) is considered low.
Return on Assets
Return on Capital Employed
Discover strong past performing companies
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2026/06/09 05:37 |
| End of Day Share Price | 2026/06/09 00:00 |
| Earnings | 2026/04/04 |
| Annual Earnings | 2026/01/03 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* Example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.
Analysis Model and Snowflake
Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.
Learn about the world class team who designed and built the Simply Wall St analysis model.
Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.
Analyst Sources
National Vision Holdings, Inc. is covered by 13 analysts. 11 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Adrienne Yih-Tennant | Barclays |
| Alexander Maroccia | Berenberg |
| Robert Ohmes | BofA Global Research |