Q1 2026 National Vision Holdings Inc Earnings Call Transcript
Key Points
- National Vision Holdings Inc (EYE) reported a 6.6% increase in net revenue for Q1 2026, reaching $544 million.
- Adjusted comparable store sales grew by 4.5%, aligning with the company's mid-single-digit growth algorithm.
- The adjusted operating margin expanded by 210 basis points to 10.2%, driven by disciplined cost management and a shift towards more profitable customer cohorts.
- The company introduced new premium products, including private label frames and Kendra Scott sunglasses, contributing to a higher average ticket.
- National Vision Holdings Inc (EYE) expanded its military optical sites, becoming the sole optical provider for the Army and Air Force bases in the US, which broadens its reach and strengthens its emerging brand portfolio.
- The replatforming of the America's Best website caused temporary disruptions in traffic, impacting the booking of eye exams.
- Traffic from cash pay customers declined by 1.2%, reflecting ongoing challenges in this customer segment.
- The macroeconomic environment remains volatile, with factors such as weather and gas price spikes affecting consumer behavior.
- Despite the increase in average ticket, the overall customer traffic remains a concern, particularly among cash pay customers.
- The company faces challenges in reestablishing search and social marketing signals following the website replatforming, which has affected online traffic and exam bookings.
Good day, and thank you for standing by. Welcome to the Q1 2026 National Vision Holdings earnings conference call. (Operator Instructions) Please be advised that today's conference is being recorded. (Operator Instructions)
I would now like to hand the conference over to your speaker today, Tamara Gonzalez, Head of Investor Relations.
Thank you, and good morning, everyone. Welcome to National Vision's first quarter 2026 earnings call. Joining me on the call today are Alex Wilkes, CEO; and Chris Laden, CFO. Our earnings release issued this morning and the presentation accompanying our call are both available in the Investors section of our website, ir.nationalvision.com.
A replay of the audio webcast will be archived in the Investors section after the call. Before we begin, let me remind you that our earnings materials in today's presentation include forward-looking statements as defined in the Private Securities Litigation Reform Act of 1995. These statements
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