NATIONAL VISION Reports Second Quarter Earnings for Fiscal Year 2023
August 13, 2023
☀️Earnings Overview
For the second quarter of fiscal year 2023 ending June 30, NATIONAL VISION ($NASDAQ:EYE) reported total revenue of USD 525.3 million, a 3.1% year-on-year increase. Net income for the same period, however, declined 42.3% to USD 5.6 million compared to the same quarter in the previous fiscal year.
Share Price
The report revealed a significant drop in stock prices from the last closing price of $21.0 to $19.8 – a decrease of 5.5%. Investors were disappointed with the report and some expressed concern over the company’s future performance. NATIONAL VISION‘s second quarter earnings report showed lower than expected sales and revenues, while operating expenses increased. Despite the weak performance, NATIONAL VISION remains optimistic about its future prospects. The company remains focused on cost-cutting measures and investing in new ventures to increase sales and profits.
In addition, NATIONAL VISION is continuing to explore potential partnerships and acquisitions to further expand its market share. Overall, while investors remain cautious about NATIONAL VISION’s second quarter performance, the company is confident that its strategies will help improve performance in the upcoming quarters. Financial analysts also remain optimistic that NATIONAL VISION will be able to capitalize on new opportunities and recover from this weaker period in the near future. 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
At GoodWhale, we’ve conducted an analysis of NATIONAL VISION‘s financials, with a focus on risk. Our assessment indicates that NATIONAL VISION is a medium risk investment in terms of its financial and business aspects. While this may be higher than some other investments, it is still within a reasonable range for a wise investor. Our analysis also revealed one particular risk warning in the company’s income sheet. If you’re interested in learning more, simply register with our service and gain access to the details. We believe it is necessary for investors to be aware of all the potential risks associated with any investment, and our analysis provides an overview to ensure that you can make an informed decision. 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
NATIONAL VISION reported its second quarter of fiscal 2023 earnings results with total revenues of USD 525.3 million, a 3.1% year-over-year increase, but net income decreased 42.3% to USD 5.6 million. This news caused the stock price to move down on the same day. Investors looking to invest in NATIONAL VISION should analyze the company’s ability to generate positive earnings and cash flow in the current economic environment.
They should also assess the company’s competitive advantages, sustainability, and its focus on innovation and cost control. Finally, they should consider the company’s long-term prospects and potential for growth.
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