National Vision Holdings Inc (NAS:EYE)
$ 20.11 +0.82 (+4.25%) Market Cap: 1.61 Bil Enterprise Value: 2.24 Bil PE Ratio: 35.28 PB Ratio: 1.79 GF Score: 74/100

National Vision Holdings Inc at Morgan Stanley Global Consumer & Retail Conference Transcript

Dec 03, 2025 / 04:45PM GMT
Release Date Price: $28.52 (+2.15%)
Simeon Gutman
Morgan Stanley - Analyst

Hi, everyone. I'm Simeon Gutman, Morgan Stanley's hardline, broadline and food retail analyst. It is my pleasure to welcome back. National Vision to this conference, represented by Alex Wilkes, CEO and Chris Laden, CFO. I am going to read disclosures, make a quick intro, ask the first question and sit down.

For important disclosures, please see the Morgan Stanley research disclosure website at www.morganstanley.com/researchdisclosures. If you have any questions, please reach out to your Morgan Stanley sales representative.

Make a fun intro because AI has stolen a lot of thunder away from the retail industry. We're looking for change stories -- step-change stories. And here's one in National Vision with a story of innovation, price point customer and wholesale change. And it's an exciting moment for this company under Alex's leadership. We've maybe seeing Phase 1, we'll talk about what phase we're in and more to go.

So it's an exciting story. We've

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