National Vision Q2 revenue  slightly misses estimates

National Vision Holdings

12/08/2026 11:09

Overview
U.S. optical retailer's Q2 revenue rose 2.5%, a slight miss versus analyst expectations
Adjusted EPS for Q2 beat analyst expectations
Adjusted operating income for Q2 beat analyst estimates, driven by higher-value transactions and cost discipline

Outlook
National Vision raises 2026 adj operating income outlook to $119 mln-$139 mln from $107 mln-$133 mln
Company now sees 2026 adj diluted EPS at $0.94-$1.09, up from $0.85-$1.09
National Vision narrows 2026 adj comparable store sales growth outlook to 3%-5% from 3%-6%

Result Drivers
HIGHER-VALUE TRANSACTIONS - Co said growth in higher-value transactions and average ticket size contributed to Q2 results
MANAGED CARE GROWTH - Continued strength in managed care customer cohort supported comparable store sales growth
COST DISCIPLINE - Lower associate-related and advertising expenses helped reduce SG&A as a percentage of revenue

Company press release: ID:nBw7Ydz1Sa

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Revenue
Slight Miss*
$498.80 mln
$500.32 mln (9 Analysts)
Q2 Adjusted EPS
Beat
$0.25
$0.19 (10 Analysts)
Q2 Net Income
 
$12.40 mln
 
Q2 Adjusted Operating Income
Beat
$31.60 mln
$23.69 mln (9 Analysts)
Q2 Adjusted Operating Margin
 
6.30%
 
*Applies to a deviation of less than 1%; not applicable for per-share numbers.

Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 9 "strong buy" or "buy", 3 "hold" and no "sell" or "strong sell"
The average consensus recommendation for the miscellaneous specialty retailers peer group is "buy"
Wall Street's median 12-month price target for National Vision Holdings, Inc. is $30.00, about 36% above its August 11 closing price of $22.06
The stock recently traded at 20 times the next 12-month earnings vs. a P/E of 22 three months ago

Reuters Recommended Reads
Aug 11 - Eye care company Alcon raises margin outlook, shares jump
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Aug 9 - RadNet raises outlook as Q2 revenue jumps 25%, adjusted EPS beats estimates 

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)