National Vision tops Q2 EPS estimates but shares drop 7.2%

National Vision Holdings Inc. reported adjusted earnings per share of $0.42 for the second quarter, topping the $0.39 consensus estimate from analysts polled by Refinitiv. Revenue rose 5.3% year-over-year to $344.5 million, also exceeding expectations of $338.2 million.

Despite the beat on both the top and bottom lines, shares of the optical retailer fell 7.2% in after-hours trading. The company cited weaker-than-anticipated consumer demand in its outlook, particularly in the latter half of the quarter, as a key factor weighing on investor sentiment. National Vision also lowered its full-year adjusted EPS guidance to a range of $1.55 to $1.65, down from its prior forecast of $1.65 to $1.75.

Chief Executive Reade Fahs emphasized that while the company remains confident in its long-term growth strategy, near-term macroeconomic pressures—including inflation and potential consumer pullback—are affecting discretionary spending on eye care and related products. Fahs added that the company is monitoring trends closely but does not anticipate significant margin deterioration in the near term.

Analysts at Stifel reiterated a hold rating on National Vision’s stock, noting that while the earnings beat is positive, the lowered guidance and cautious outlook offset some of the optimism. The stock closed the regular session at $22.45, up 1.8% for the day, before reversing in extended trading.

National Vision operates over 1,200 retail locations across the U.S., primarily under the America’s Best and Eyeglass World brands.