National Vision Q3 2026 Earnings Overview
National Vision Holdings, Inc. (NASDAQ:EYE) reported third‑quarter 2026 results that delivered an adjusted earnings per share (EPS) of $0.30, more than double the $0.13 recorded in the same quarter a year earlier and $0.13 above the analyst consensus of $0.17. Revenue for the quarter was $510.5 million, representing a 4.8% year‑over‑year increase from $487.3 million, but it fell short of the $512.65 million estimate.
The company revised its fiscal 2026 outlook, projecting adjusted EPS in the range of $0.95 to $1.03, with a midpoint of $0.99, which is below the consensus forecast of $1.01. Revenue guidance was set between $2.02 billion and $2.04 billion, a midpoint of $2.03 billion, also trailing the analyst estimate of $2.06 billion.
Adjusted operating margin expanded by 320 basis points to 7.3% from 4.1% in the prior period, a rise that includes a one‑time benefit of $4.7 million from IEEPA tariff refunds. Comparable store sales grew 3.6% year‑over‑year, while adjusted comparable store sales increased 2.8%, driven by a higher average ticket due to a mix shift toward higher‑value products and strength in the managed‑care cohort, partially offset by lower self‑pay traffic.
During the quarter, National Vision opened eight new America’s Best stores, bringing the total store count to 1,285, a 3.5% increase. The company also updated its fiscal 2026 adjusted comparable store sales growth outlook to a range of 2.0%‑3.0%, narrowing from the prior range of 3.0%‑5.0%.
Shares edged down 0.50% in pre‑market trading following the announcement. CEO Alex Wilkes stated, “Our strategy continues to deliver profitable growth as we execute the commercial transformation of the business,” noting the 320‑basis‑point expansion in adjusted operating margin and the more than double year‑over‑year rise in adjusted diluted EPS.