National Vision stock rises 7% after setting long-term growth targets
Investing.com -- National Vision Holdings, Inc. (NASDAQ:EYE) stock rose 7% on Monday after the optical retailer unveiled its long-term growth strategy and financial targets during an investor day event at NASDAQ MarketSite in New York City.
The company outlined a comprehensive transformation plan aimed at driving high-single-digit annual revenue growth and expanding adjusted operating margins by 50 to 150 basis points annually through fiscal 2030. National Vision also announced a multi-year cost savings initiative expected to achieve approximately $20 million in annualized savings, with about half anticipated by fiscal 2026.
For fiscal 2026, the company provided a planning scenario that includes high-single-digit net revenue growth, mid-single-digit comparable store sales growth, and adjusted operating margin expansion of approximately 100 basis points compared to its fiscal 2025 outlook.
"We are boldly reinventing National Vision to drive significant value over the long term," said CEO Alex Wilkes. "With a strong foundation in place, we are now executing a multi-year strategy to unlock the full potential of our platform."
The transformation strategy focuses on four growth vectors: expanding into underdeveloped customer segments, increasing penetration in premium lens categories, enhancing customer experience through data-driven insights, and strategic store expansion. The company noted that increasing penetration by just 1% across three key premium products could drive nearly $40 million in incremental revenue.
National Vision plans to maintain capital expenditures at approximately 4-5% of annual revenue through 2030, with a phased investment approach. The company expects to open about 30 new stores annually in 2026-2027, accelerating to approximately 60 stores per year between 2028 and 2030.
The company reaffirmed its fiscal 2025 outlook previously provided on November 5.
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