National Vision Holdings: Rating Upgrade As I Believe FY24/25 Guide Is Achievable [Seeking Alpha]
National Vision Holdings, Inc. (EYE)
Last national vision holdings, inc. earnings: 2/26 06:00 am
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US:NYSE Investor Relations:
nationalvision.com/investors
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Source: Seeking Alpha
4Q23 Financials show growth in revenue and EBITDA, with a decrease in gross margin. The company's execution of technology initiatives, such as remote eye exams, is expected to continue driving growth and productivity. Summary Readers may find my previous coverage via this link . My previous rating was a hold, as I believed National Vision Holdings ( NASDAQ: EYE ) long-term growth outlook was uncertain. My thought was to wait for growth normalization in the results before I turned bullish. I am revising my rating to buy as I turn optimistic about management's ability to steer business growth and margins back to normalized levels. The FY24 and FY25 guide is very positive, and so long as it can continue to execute like it did in 4Q23, I think the stock price will continue to trend upwards. Financials / Valuation EYE 4Q23 net revenue grew 8% y/y to $506.4 million, above consensus estimates of $499.8 million. Driving the growth was a comparable store sales growth of 5.7%, driven
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EYE
News
- National Vision Holdings, Inc. Announces First Quarter 2024 Earnings Release and Conference CallBusiness Wire
- Insider Stock Buying Reaches US$1.39m On National Vision Holdings [Yahoo! Finance]Yahoo! Finance
- Toku Appoints Former Google Head of Cardiovascular Health as Chief Health Officer [Yahoo! Finance]Yahoo! Finance
- National Vision (EYE) Down 4.1% Since Last Earnings Report: Can It Rebound? [Yahoo! Finance]Yahoo! Finance
- National Vision Holdings (NASDAQ:EYE) Is Reinvesting At Lower Rates Of Return [Yahoo! Finance]Yahoo! Finance
EYE
Earnings
- 2/27/24 - Beat
EYE
Sec Filings
- 4/25/24 - Form DEF
- 4/25/24 - Form ARS
- 4/15/24 - Form 4
- EYE's page on the SEC website