National Vision Holdings, Inc. reported second quarter 2026 results featuring a significant bottom-line beat and expanded margins despite slightly missing revenue expectations. Net revenue increased 2.5% to $498.8 million, driven by new store sales and a 2.2% increase in adjusted comparable store sales, partially offset by lower self-pay customer traffic. The company successfully completed its website replatforming and raised its full-year adjusted operating income outlook to a range of $119 million to $139 million.
Key Highlights
- Adjusted Diluted EPS reached $0.25, significantly exceeding the $0.17 analyst estimate and improving from $0.18 in the prior-year period.
- Adjusted Operating Margin expanded 140 basis points to 6.3%, benefiting from cost discipline and lower variable incentive compensation, which reduced SG&A as a percentage of revenue by 200 basis points.
- Comparable store sales grew 3.4% (2.2% adjusted), supported by higher average ticket and managed care strength, overcoming headwinds from the e-commerce migration.
- The company expanded its military channel footprint by adding 20 new Military stores year-to-date following its exclusive contract win.