National Vision (NASDAQ:EYE – Get Free Report) issued its quarterly earnings data on Wednesday. The company reported $0.25 earnings per share for the quarter, topping the consensus estimate of $0.18 by $0.07, Briefing.com reports. National Vision had a net margin of 2.31% and a return on equity of 6.41%. The firm’s revenue for the quarter was up 2.6% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.18 EPS.

Here are the key takeaways from National Vision’s conference call:

• Q2 profitability improved: Net revenue rose 2.5% to $499 million, adjusted comparable-store sales increased 2.2%, adjusted operating margin expanded 140 basis points to 6.3%, and adjusted EPS climbed to $0.25 from $0.18.
• Premiumization is driving growth: Average ticket increased 7.1% and more than half of the increase came from product mix rather than pricing, with momentum in premium lenses, branded frames, managed care, and higher-value transactions.
• Full-year profitability guidance was raised: Adjusted operating income is now expected at $119 million-$139 million, while the company continues to target $0.94-$1.09 in adjusted EPS and approximately $10 million in annualized cost savings.
• Traffic remains pressured: Overall customer traffic fell 4.9%, particularly among value-seeking customers purchasing at the introductory bundle price point; the company narrowed its full-year comparable-sales outlook to 3%-5% as it assumes those purchases may remain deferred.
• Digital and brand investments are expanding: The e-commerce replatform caused an estimated 150-basis-point Q2 headwind but is beginning to improve exam-booking conversion, while increased marketing, store segmentation, premium offerings, and an Eyeglass World repositioning are planned for the second half.

National Vision stock traded down $1.83 during mid-day trading on Wednesday, hitting $20.23. The stock had a trading volume of 3,392,956 shares, compared to its average volume of 1,787,178. National Vision has a one year low of $14.75 and a one year high of $30.02. The company has a current ratio of 0.62, a quick ratio of 0.37 and a debt-to-equity ratio of 0.25. The firm has a market capitalization of $1.62 billion, a P/E ratio of 35.49, a P/E/G ratio of 1.96 and a beta of 1.02. The firm’s 50 day moving average is $19.42 and its 200 day moving average is $22.76.

A number of analysts have commented on the stock. Wells Fargo & Company reduced their target price on shares of National Vision from $30.00 to $20.00 and set an “equal weight” rating for the company in a report on Thursday, May 14th. Weiss Ratings upgraded shares of National Vision from a “hold (c-)” rating to a “hold (c)” rating in a research note on Thursday, May 14th. Citigroup cut their price objective on shares of National Vision from $40.00 to $39.00 and set a “buy” rating for the company in a research report on Friday, May 15th. Bank of America decreased their target price on National Vision from $35.00 to $30.00 and set a “buy” rating on the stock in a report on Thursday, May 14th. Finally, Roth Capital set a $25.00 target price on National Vision in a research report on Thursday, May 14th. Six research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat.com, National Vision has a consensus rating of “Moderate Buy” and an average target price of $30.82.

Get Our Latest Analysis on EYE

Here are the key news stories impacting National Vision this week:

• Positive Sentiment: National Vision reported second-quarter 2026 earnings of $0.25 per share, above estimates ranging from $0.17 to $0.18 and up from $0.18 a year earlier. Revenue increased 2.6% year over year. National Vision Surpasses Q2 Earnings and Revenue Estimates
• Positive Sentiment: Management projects $119 million to $139 million in 2026 adjusted operating income, suggesting continued profitability and potential operating leverage. National Vision 2026 Operating Income Outlook
• Neutral Sentiment: The earnings release and conference call provide additional detail on second-quarter performance, store trends and management’s plans for the remainder of 2026. National Vision Second Quarter 2026 Results National Vision Q2 2026 Earnings Call Transcript
• Negative Sentiment: Quarterly revenue fell short of Wall Street expectations, and the company reportedly lost higher-paying self-pay customers. This raises concerns about customer mix, sales quality and future margins despite the EPS beat. National Vision Loses Higher-Paying Self-Pay Customers
• Negative Sentiment: Management narrowed its 2026 comparable-sales outlook to 3%–5%, reinforcing investor concerns that demand remains uneven and limiting the benefit of the earnings surprise. National Vision Narrows Comparable Sales Outlook

A number of hedge funds have recently made changes to their positions in the business. Entropy Technologies LP grew its position in shares of National Vision by 55.4% during the fourth quarter. Entropy Technologies LP now owns 11,359 shares of the company’s stock valued at $293,000 after purchasing an additional 4,048 shares in the last quarter. Northwest & Ethical Investments L.P. lifted its position in shares of National Vision by 10.4% in the fourth quarter. Northwest & Ethical Investments L.P. now owns 10,377 shares of the company’s stock worth $269,000 after buying an additional 977 shares in the last quarter. CIBC Bancorp USA Inc. bought a new position in National Vision during the third quarter valued at approximately $243,000. PharVision Advisers LLC bought a new position in National Vision during the third quarter valued at approximately $299,000. Finally, Mariner LLC purchased a new position in National Vision during the 3rd quarter valued at approximately $281,000.

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National Vision Holdings, Inc is an American optical retailer specializing in accessible vision care and eyewear. The company operates under multiple retail banners, offering comprehensive eye health services and a wide range of optical products. Since its founding in the early 1990s, National Vision has focused on providing value-driven solutions, targeting underserved and price‐conscious consumer segments.

Through its primary retail brands—including America’s Best Contacts & Eyeglasses, Eyeglass World, Optical America and Vista Optical—National Vision delivers services such as comprehensive eye examinations, prescription eyewear, contact lenses, sunglasses and lens accessories.

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