National Vision Holdings, Inc.
For the period ended Sep 27, 2025. Filed Nov 6, 2025.
View on SEC.govAbout this filing
A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Sep 27, 2025 · Filed Nov 6, 2025
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
2. Discontinued Operations
- Discontinued Operations
We recorded a net (benefit) expense of $(0.6) million and $5.1 million during the three and nine months ended September 28, 2024, respectively, associated with our discontinued operations, which consisted of severance benefits, early termination fees, and other exit-related costs. These charges were recorded in both Selling, general, and administrative expenses and Costs applicable to revenue for discontinued operations. The plan has been substantially completed and we do not anticipate additional material costs related to this plan.
The following table presents loss from discontinued operations, net of tax:
| Three Months Ended | Nine Months Ended | |
|---|---|---|
| In thousands | September 28, 2024 | September 28, 2024 |
| Revenue: | ||
| Net product sales | $(109) | $126,961 |
| Net sales of services and plans | — | 4,513 |
| Total net revenue | (109) | 131,474 |
| Costs applicable to revenue (exclusive of depreciation and amortization): | ||
| Products | 110 | 109,638 |
| Services and plans | (119) | 2,643 |
| Total costs applicable to revenue | (9) | 112,281 |
| Operating expenses: | ||
| Selling, general and administrative expenses | (210) | 22,954 |
| Depreciation and amortization | — | 1,331 |
| Asset impairment | 214 | 214 |
| Other expense (income), net | (67) | (87) |
| Total operating expenses | (63) | 24,412 |
| Loss from discontinued operations before income taxes | (37) | (5,219) |
| Income tax benefit from discontinued operations | (9) | (3,039) |
| Loss from discontinued operations, net of tax | $(28) | $(2,180) |
The following table presents significant non-cash items and cash flows from investing activities related to discontinued operations:
| Nine Months Ended | |
|---|---|
| In thousands | September 28, 2024 |
| Adjustments to reconcile net income to net cash provided by operating activities: | |
| Depreciation and amortization | $1,331 |
| Asset impairment | $214 |
| Stock-based compensation expense | $(1) |
| Inventory adjustments | $442 |
| Other | $(1,647) |
| Cash flows from investing activities: | |
| Other | $1,738 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.