By Chris Wack
National Vision Holdings shares were 12% higher, at $12.77, after the company reported a fourth-quarter adjusted loss and revenue that beat analysts' expectations.
The optical retail company said it had a quarterly adjusted loss of 4 cents a share, compared with the adjusted loss of 5 cents a share analysts were expecting.
Revenue for the quarter was $437.3 million, compared with $421 million in the same quarter last year. Analysts polled by FactSet were looking for revenue of $434.5 million.
The company said it had a loss of $28.6 million, or 36 cents a share, wider than last year's loss of $16 million, or 20 cents a share. Analysts were looking for a loss of $3.7 million, or 10 cents a share.
National Vision said comparable same-store sales were up 2.6% from last year, reflecting higher average tickets. Revenue was driven primarily by growth from new store sales.
The company also said it has hired Christopher Laden as its next chief financial officer, effective March 31.
Write to Chris Wack at chris.wack@wsj.com
(END) Dow Jones Newswires
February 26, 2025 10:52 ET (15:52 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.
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