Every material Form 8-K National Vision has filed with the SEC since August 07, 2024, read and summarized by AI: what happened, the key figures, whether it reads positive or negative for shareholders, and how big a deal it is (impact 1-5). Newest first; each brief links to its own page and to the filing on SEC.gov.
National Vision reported second quarter 2026 net revenue up 2.5% to $498.8 million, with net income rising to $12.4 million from $8.7 million and diluted EPS of $0.15 versus $0.11. The company raised its fiscal 2026 adjusted operating income outlook to $119 million-$139 million, but lowered the top of its adjusted comparable store sales growth range to 3.0%-5.0% from 3.0%-6.0%.
Q2 2026 net revenue rose 2.5% to $498.8 million; net income was $12.4 million versus $8.7 million a year earlier.
Adjusted operating income rose 32.7% to $31.6 million; adjusted operating margin was 6.3% versus 4.9%.
Fiscal 2026 adjusted operating income outlook raised to $119 million-$139 million from $107 million-$133 million.
Adjusted comparable store sales growth outlook narrowed to 3.0%-5.0% from 3.0%-6.0%; the company repurchased 1.2 million shares for $20.0 million in the quarter.
National Vision reported first quarter 2026 results for the period ended April 4, 2026, with net revenue up 6.6% to $543.9 million and net income of $31.2 million, compared with $14.2 million a year earlier. Diluted EPS rose to $0.38 from $0.18, and the company reiterated its fiscal 2026 outlook, including Adjusted Diluted EPS of $0.85 to $1.09.
Net revenue rose 6.6% to $543.9 million; comparable store sales grew 4.4%.
Diluted EPS was $0.38 versus $0.18; Adjusted Diluted EPS was $0.45 versus $0.34.
Fiscal 2026 outlook reiterated: net revenue of $2.033 billion to $2.091 billion and Adjusted Diluted EPS of $0.85 to $1.09.
Expanded relationship with AAFES, effective April 1, 2026, adds 20 Military stores and makes National Vision the sole optical retail partner on U.S. AAFES bases.
National Vision reported fourth-quarter 2025 net revenue of $503.4 million, up 15.1%, and income from continuing operations of $3.3 million, compared with a $29.4 million loss a year earlier. For fiscal 2025, net income from continuing operations was $29.6 million, and the company issued fiscal 2026 guidance including adjusted diluted EPS of $0.85 to $1.09. The board also authorized up to $50 million in share repurchases effective March 2, 2026.
Q4 2025 net revenue was $503.4 million, up 15.1%; the 53rd week added $35.6 million.
Q4 diluted EPS from continuing operations was $0.04, compared with $(0.37) a year earlier.
Fiscal 2026 outlook: net revenue of $2.033 billion to $2.091 billion and adjusted diluted EPS of $0.85 to $1.09.
Board authorized up to $50 million in share repurchases effective March 2, 2026, running until December 28, 2030.
National Vision, Inc., a subsidiary of National Vision Holdings, and Essilor of America entered into Amendment No. 3 to their 2018 Letter Agreement on December 13, 2025. The amendment extends the initial term by two years, from May 31, 2026 to May 31, 2028, and updates pricing terms, though the filing does not state the new prices.
Amendment No. 3 signed December 13, 2025 with Essilor of America, Inc.
Initial term extended two years, from May 31, 2026 to May 31, 2028
Pricing terms updated; specific figures are not disclosed, and some exhibit information is excluded under Regulation S-K Item 601(b)(10)(iv)
National Vision reported third quarter 2025 net revenue from continuing operations of $487.3 million, up 7.9% from a year earlier, and income from continuing operations of $3.4 million compared with a loss of $8.4 million in the prior-year period. The company raised certain elements of its fiscal 2025 outlook, including Adjusted Operating Income of $92 million to $98 million and Adjusted Diluted EPS of $0.63 to $0.71.
Net revenue rose 7.9% to $487.3 million; comparable store sales grew 6.8%, the 11th consecutive quarter of positive growth.
Diluted EPS from continuing operations was $0.04 versus $(0.11) a year earlier; Adjusted Diluted EPS was $0.13 versus $0.12.
Updated fiscal 2025 outlook (as of November 5, 2025): net revenue $1.970 billion to $1.988 billion, up from $1.934 billion to $1.970 billion; Adjusted Diluted EPS $0.63 to $0.71, up from $0.62 to $0.70.
Cash was $56.0 million and total debt was $253.4 million as of September 27, 2025; the revolving credit facility balance was repaid to zero.
National Vision reported second quarter 2025 results for the quarter ended June 28, 2025, with net revenue from continuing operations up 7.7% to $486.4 million and income from continuing operations of $8.7 million, compared with a loss of $(1.0) million a year earlier. The company raised several elements of its fiscal 2025 outlook, including adjusted comparable store sales growth and adjusted diluted EPS guidance.
Q2 net revenue rose 7.7% to $486.4 million; income from continuing operations was $8.7 million versus a $(1.0) million loss in the prior-year period
Adjusted Operating Income rose 69.1% to $23.8 million; Adjusted Diluted EPS was $0.18 versus $0.15
Fiscal 2025 adjusted comparable store sales growth outlook raised to 3.0% to 5.0% from 1.5% to 3.5%; adjusted diluted EPS outlook raised to $0.62 to $0.70 from $0.59 to $0.67
Company will host an Investor and Analyst Day in New York on November 17, 2025
National Vision Holdings expanded its board to eleven directors and appointed Alex Wilkes to fill the new seat, effective August 1, 2025. The appointment follows a CEO succession plan first announced April 29, 2025, under which Reade Fahs becomes Executive Chairman and Wilkes succeeds him as CEO.
Board size increased by one director to a total of eleven, effective August 1, 2025
Alex Wilkes appointed to the Board effective August 1, 2025
Succession plan previously announced in April 29, 2025 Form 8-K: Reade Fahs to become Executive Chairman, Wilkes to succeed Fahs as CEO
National Vision reported first quarter 2025 results for the quarter ended March 29, 2025, with net revenue up 5.7% to $510.3 million and diluted EPS from continuing operations of $0.18, compared with $0.15 a year earlier. The company also raised certain elements of its fiscal 2025 outlook, including adjusted diluted EPS guidance of $0.59 to $0.67, up from $0.52 to $0.64.
Net revenue rose 5.7% to $510.3 million; comparable store sales grew 4.1% and adjusted comparable store sales grew 5.5%
Diluted EPS from continuing operations was $0.18 versus $0.15; adjusted diluted EPS was $0.34 versus $0.29
Fiscal 2025 adjusted operating income outlook raised to $81 million to $92 million from $73 million to $88 million
Cash balance was $80.0 million as of March 29, 2025, with total debt of $346.1 million
National Vision Holdings announced that Alex Wilkes, currently president of the company, will succeed Reade Fahs as chief executive officer effective August 1, 2025, and will join the Board at that time. Fahs will become Executive Chairman, and director Thomas V. Taylor, Jr. will leave the Board after the 2025 annual meeting, a change that shareholders should note as the leadership transition takes effect.
Alex Wilkes, 46, becomes CEO and director effective August 1, 2025; he was appointed president in August 2024 and previously led CooperVision's Americas business.
Wilkes' salary rises from $600,000 to $900,000, his 2025 target cash bonus rises from $450,000 to $900,000, and he receives a $1,000,000 promotional RSU grant.
Reade Fahs' salary falls to $700,000 and his 2026 cash incentive target falls to $560,000; he receives no annual cash incentive for 2027.
Thomas V. Taylor, Jr. will not stand for reelection at the 2025 annual meeting, reducing the Board from eleven to ten directors before it expands again on August 1, 2025.
National Vision Holdings entered into a Cooperation Agreement with Engine Capital, L.P. on March 17, 2025, under which the Board increased from nine to eleven directors and appointed James M. McGrann and Michael J. Nicholson. The company also formed an operationally focused Advisory Committee to oversee its transformation work, and the agreement includes voting commitment and standstill provisions. The filing reports no financial results, so the changes concern board composition and governance rather than current performance.
Board expanded from nine to eleven directors; McGrann and Nicholson appointed effective March 17, 2025, with terms expiring at the 2025 annual meeting
Nicholson joins the Audit and Nominating and Corporate Governance Committees; McGrann joins the Compensation Committee
Four-director Advisory Committee formed: McGrann, Nicholson, D. Randolph Peeler and Susan Somersille Johnson
Agreement terminates thirty days before the advance notice deadline for director nominations at the 2026 annual meeting
National Vision reported fourth-quarter 2024 net revenue of $437.3 million, up 3.9%, but a net loss from continuing operations of $(29.4) million, which the company attributed largely to a non-cash goodwill impairment charge. For fiscal 2024, revenue rose 3.8% to $1,823.3 million, while the net loss was $(27.2) million, compared with net income of $3.5 million in fiscal 2023, and adjusted diluted EPS rose to $0.52 from $0.47. The company also gave fiscal 2025 guidance, including adjusted diluted EPS of $0.52 to $0.64.
Q4 2024 net loss from continuing operations was $(29.4) million, versus $(14.7) million in Q4 2023; diluted EPS was $(0.37), versus $(0.19)
Q4 2024 adjusted diluted EPS was $(0.04), unchanged from Q4 2023; adjusted operating income rose to $3.2 million from $(2.7) million
Fiscal 2025 outlook (53 weeks ending January 3, 2026) includes net revenue of $1.901 billion to $1.955 billion and adjusted diluted EPS of $0.52 to $0.64
Cash balance was $73.9 million as of December 28, 2024; fiscal 2024 operating cash flow was $133.6 million
National Vision said its CFO, Melissa Rasmussen, will leave to pursue another opportunity after a transition period, and she will stay through the release of fourth quarter and fiscal 2024 results on February 26, 2025. The company also released preliminary results showing fiscal 2024 net revenue from continuing operations of approximately $1,823 million, up 3.8%, and now expects Adjusted Operating Income from continuing operations slightly above the higher end of its prior fiscal 2024 guidance. The results are unaudited and may change until financial closing procedures are complete.
CFO Melissa Rasmussen will depart after a transition period; she plans to remain through the February 26, 2025 earnings release, and the company has begun a search for a successor and may appoint an interim CFO.
Preliminary fiscal 2024 net revenue from continuing operations was approximately $1,823 million, an increase of 3.8% from fiscal 2023.
Preliminary fourth quarter 2024 net revenue from continuing operations was approximately $437 million, up 3.9%, with adjusted comparable store sales growth of approximately 1.5%.
Adjusted Operating Income from continuing operations is now expected to be slightly above the higher end of prior fiscal 2024 guidance; the figures remain preliminary.
National Vision reported third quarter 2024 net revenue up 2.9% to $451.5 million, but a net loss from continuing operations of $8.4 million, compared with a loss of $0.4 million a year earlier. Adjusted Diluted EPS rose to $0.12 from $0.11, and the company reaffirmed its fiscal 2024 outlook for key operating metrics while lowering its capital expenditure outlook.
Net revenue rose 2.9% to $451.5 million; comparable store sales grew 1.4%.
Diluted EPS from continuing operations was $(0.11), versus $(0.00) in Q3 2023; Adjusted Diluted EPS was $0.12 versus $0.11.
Fiscal 2024 Adjusted Diluted EPS outlook of $0.45 to $0.50 was reaffirmed; capital expenditures outlook cut to $100 million to $105 million from $110 million to $115 million.
The company completed its comprehensive store fleet review and plans to open 30 to 35 new stores in fiscal 2025.
National Vision agreed to repurchase about $218 million of its 2.50% convertible notes due 2025 for about $215 million in cash plus accrued interest. The company will fund the purchase with $115 million of new incremental term loans and cash on hand, with the repurchase expected to close on or about August 12, 2024. About $85 million of the 2025 notes will remain outstanding after closing, and the new loans add to the company's term debt.
Repurchase of about $218 million principal of 2.50% Convertible Senior Notes due 2025 for about $215 million cash, plus accrued interest
$115 million of incremental term loans, provided August 9, 2024, on the same terms as existing term loans
Repurchase expected to close on or about August 12, 2024; about $85 million of 2025 notes will remain outstanding
Joinder Agreement signed August 9, 2024, with Bank of America, N.A. as administrative agent
National Vision reported second-quarter 2024 net revenue from continuing operations of $451.7 million, up 4.6%, but swung to a net loss from continuing operations of $(1.0) million, compared with income of $3.6 million a year earlier. The company revised its fiscal 2024 outlook downward, with CEO Reade Fahs saying sales needed a greater inflection to deliver the originally expected results. For shareholders, the lower guidance and new transformation actions signal that the company expects slower progress than previously planned.
Q2 2024 net revenue from continuing operations rose 4.6% to $451.7 million; diluted EPS from continuing operations was $(0.01), versus $0.05 a year earlier
Q2 2024 Adjusted Operating Income rose 13.8% to $14.1 million; Adjusted Diluted EPS was $0.15 versus $0.12
Updated fiscal 2024 outlook (as of August 7, 2024) lowers net revenue to $1.820 billion to $1.840 billion and Adjusted Operating Income to $57 million to $62 million, versus prior continuing-operations ranges of $1.825 billion to $1.865 bil
Company is reviewing all stores to optimize its fleet; Alex Wilkes to become President effective August 19, 2024
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