NATIONAL VISION Reports Earnings for Q2 FY2023 on August 10th
August 23, 2023
☀️Earnings Overview
On August 10 2023, NATIONAL VISION ($NASDAQ:EYE) reported its earnings for the second quarter of FY2023, ending June 30 2023. Total revenue of USD 525.3 million was reported, a 3.1% increase from the same period in the previous year, while net income decreased by 42.3%, coming in at USD 5.6 million.
Share Price
On Thursday, August 10th, NATIONAL VISION reported earnings for Q2 of the fiscal year 2023. The company’s stock opened at $21.5 and closed at $19.8, a decrease of 5.5% from the previous closing price of $21.0. The decrease in the stock price reflects investor concerns about NATIONAL VISION’s performance in Q2 and its outlook for the upcoming quarter. Despite the drop in the stock price, NATIONAL VISION reported strong revenue and earnings growth for the quarter, signaling that the company is still on strong financial footing. This indicates that NATIONAL VISION is continuing to grow its business and increase profits despite the challenging economic environment.
Looking forward, NATIONAL VISION expects to continue to grow its business and build on its success. The company released a statement saying, “We are confident that our strategy will continue to deliver strong financial results and create value for our shareholders.” With a strong outlook for the future, NATIONAL VISION is well-positioned to continue to deliver strong results for its shareholders in the coming quarters. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for National Vision. More…
| Total Revenues | Net Income | Net Margin |
| 2.06k | 26.12 | 1.4% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for National Vision. More…
| Operations | Investing | Financing |
| 143.38 | -109.98 | -33.02 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for National Vision. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 2.33k | 1.43k | 11.62 |
Key Ratios Snapshot
Some of the financial key ratios for National Vision are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 9.6% | 40.4% | 2.1% |
| FCF Margin | ROE | ROA |
| 1.5% | 3.0% | 1.2% |
Analysis
GoodWhale’s analysis of NATIONAL VISION has revealed that it is classified as an ‘elephant’ company with strong assets, following the deductions of liabilities. This makes it an attractive choice for investors looking for value investment opportunities. Its high health score of 8/10 with regard to its cashflows and debt shows that it is capable of sustaining future operations in times of crisis. Overall, our analysis of NATIONAL VISION suggests that it is a good option for value investors who are looking for a reliable company with strong assets and steady performance. More…
Peers
The company operates retail locations under the America’s Best Contacts & Eyeglasses, Eyeglass World, Vision Center, and Vision Works brands. National Vision also provides optical products and services to over 3,000 ophthalmology and optometry practices. The company’s primary competitors are Movado Group, Inc., Bed Bath & Beyond, Inc., and Signet Jewelers Ltd.
– Movado Group Inc ($NYSE:MOV)
Movado Group Inc is a designer and manufacturer of watches and jewelry. The company’s products are sold through its own retail stores, department stores, and specialty retailers. Movado Group Inc has a market cap of 730.25M as of 2022, a Return on Equity of 18.27%. The company’s products are targeted at the high-end of the market and its customers are typically affluent individuals. Movado Group Inc has a strong brand and is well-positioned to continue growing its business.
– Bed Bath & Beyond Inc ($NASDAQ:BBBY)
Bath & Beyond Inc. is an American chain of domestic merchandise retail stores. It was founded in 1971 and is headquartered in New Jersey. The company operates more than 1,000 stores across the United States and Canada. Bath & Beyond offers a wide range of products for the home, including kitchen and dining items, bedding and bath items, furniture and home decor items. The company also operates a website and mobile app, which allow customers to purchase products online and in-store. Bath & Beyond has a market cap of 354.35M as of 2022 and a return on equity of 146.77%. The company is a publicly traded company listed on the NASDAQ stock exchange.
– Signet Jewelers Ltd ($NYSE:SIG)
Signet Jewelers Ltd is a specialty jewelry retailer. The company operates more than 3,600 stores in the United States, Canada, and the United Kingdom. It offers a variety of jewelry products, including diamonds, gemstones, gold, silver, and watches. The company also provides services, such as repair and maintenance, financing, and insurance.
Summary
Investors who have been tracking NATIONAL VISION were disappointed when the company reported their second quarter of FY2023 earnings on August 10, 2023. Revenue increased 3.1%, but net income dropped 42.3% to USD 5.6 million. As a result, the stock price moved down the same day.
Given this quarter’s results and the uncertain economic outlook, it is advisable for investors to be cautious when considering investing in NATIONAL VISION. Analyzing cash flows, current strategy, and future prospects is the best way to make an informed decision before investing.
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