National Vision set for worst day in 1-1/2 year on downbeat outlook

National Vision Holdings

10/11/2021 19:24

** Shares in optical chain  EYE.O  fall 12.7% to $55.46, on
course for worst day in one year and seven months
    ** EYE raises the lower end of its fiscal 2021 net revenue
outlook, but analysts say the forecast implies sales between
$440 million and $460 million for the fourth quarter, compared
with Refinitiv IBES expectations of $473.9 million  urn:newsml:reuters.com:*:nBw1lmlH7a
    ** Outlook assumes Q4 "steps back," given a COVID-19
reopening-led strong demand last year, Jefferies analysts say
    ** Wells Fargo analysts say EYE faces higher wage and
advertisement spend in Q4
    ** However, Wells Fargo says Wednesday's shares decline and
a likely conservative outlook put the brokerage in "the dip
buying camp"
    ** EYE shares up about 23% this year

 (Reporting by Praveen Paramasivam)
 ((Praveen.Paramasivam@thomsonreuters.com;))