National Vision Holdings Reports 7.7% Revenue Growth to $486.4 Million in Q2 2025

National Vision Holdings, Inc. reported a total net revenue of $486.4 million for the three months ended June 28, 2025, marking a 7.7% increase from $451.7 million in the same period last year. The growth was primarily driven by a 6.5% increase in comparable store sales and the opening of new stores, which contributed approximately 40% to the revenue increase. For the six months ended June 28, 2025, total net revenue reached $996.7 million, up 6.7% from $934.5 million in the prior year. The company attributed this growth to a higher average ticket and continued strength in its managed care segment.

In terms of profitability, National Vision reported income from continuing operations of $8.7 million for the second quarter, compared to a loss of $1.0 million in the same quarter of the previous year. The earnings per share from continuing operations were $0.11, a significant improvement from a loss of $0.01 per share in the prior year. For the first half of 2025, the company recorded net income of $22.9 million, up from $8.6 million in the same period last year. The improved financial performance was attributed to effective pricing strategies and a favorable product mix.

Operationally, National Vision maintained a stable store count of 1,240 locations as of June 28, 2025, with eight new America’s Best stores opened during the quarter. The company also converted four Eyeglass World stores to America’s Best locations. The total number of stores reflects a 2.0% increase from the previous year. The company reported a slight decrease in customer traffic, which was offset by a higher average transaction value. The company’s strategic focus on enhancing customer experience and expanding its geographic footprint continues to be a priority.

The company’s balance sheet showed total assets of $1.97 billion as of June 28, 2025, a decrease from $2.01 billion at the end of the previous fiscal year. Cash and cash equivalents were reported at $48.5 million, down from $73.9 million. National Vision's total liabilities decreased to $1.12 billion from $1.19 billion, with long-term debt standing at $255.6 million. The company fully repaid its $84.8 million convertible senior notes during the quarter, which contributed to a reduction in current liabilities.

Looking ahead, National Vision Holdings expressed optimism about its growth trajectory, emphasizing its commitment to expanding its store network and enhancing its service offerings. The company plans to open approximately 32 new stores in fiscal year 2025 and continues to focus on improving operational efficiencies and customer engagement. However, it remains cautious about potential macroeconomic challenges, including inflation and changes in consumer spending patterns, which could impact future performance.