National Vision Holdings Reports $510.3 Million Revenue, 5.7% Increase in Latest Quarter

National Vision Holdings, Inc. reported a total net revenue of $510.3 million for the three months ended March 29, 2025, marking an increase of $27.5 million, or 5.7%, compared to $482.8 million for the same period in the previous year. The growth was primarily driven by a 4.1% increase in comparable store sales and the opening of nine new stores, which contributed significantly to the overall revenue increase. The company’s net income for the quarter was $14.2 million, or $0.18 per diluted share, compared to $11.7 million, or $0.15 per diluted share, in the prior year, reflecting a year-over-year increase in profitability.

In terms of operational metrics, National Vision operated 1,237 retail locations as of March 29, 2025, a slight decrease from 1,240 locations at the end of the previous fiscal year. The company experienced a 5.9% increase in comparable store sales at its America’s Best brand, while Eyeglass World saw a 3.1% increase. The overall customer engagement metrics indicated a higher average ticket size and a slight uptick in customer traffic, contributing to the positive sales performance.

The company also reported a 4.9% increase in costs applicable to revenue, totaling $205.2 million, which was a smaller increase relative to revenue growth, resulting in a decrease in costs as a percentage of net revenue from 40.5% to 40.2%. Selling, general, and administrative expenses rose to $255.5 million, representing 50.1% of net revenue, up from 49.7% in the prior year, primarily due to increased stock-based compensation and other operational costs.

Strategically, National Vision continues to focus on expanding its store footprint and enhancing customer experience through various initiatives. The company plans to open 30-35 new stores in fiscal year 2025, aiming to invest in existing operations to improve overall store experience. Additionally, the company is navigating challenges related to inflation and labor costs, which have impacted profitability. The management remains optimistic about future growth, citing ongoing efforts to optimize pricing strategies and enhance operational efficiencies.

Looking ahead, National Vision anticipates continued revenue growth driven by store expansions and improved customer engagement. However, the company acknowledges potential risks from macroeconomic factors, including inflation and changes in consumer spending patterns, which could affect future performance. The management is committed to monitoring these trends closely and adapting strategies as necessary to maintain financial health and operational effectiveness.