National Vision Holdings Inc
For the period ended Sep 28, 2024. Filed Nov 6, 2024.
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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 28, 2024 · Filed Nov 6, 2024
EYE$19.01+0.2%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Condensed Consolidated Statements of Operations and Comprehensive Income
Condensed Consolidated Statements of Operations and Comprehensive Income (Unaudited)
| Three Months Ended | Nine Months Ended | |||
|---|---|---|---|---|
| In thousands, except earnings (loss) per share | September 28, 2024 | September 30, 2023 | September 28, 2024 | September 30, 2023 |
| Revenue: | ||||
| Net product sales | $363,156 | $354,566 | $1,113,206 | $1,086,899 |
| Net sales of services and plans | 88,359 | 84,254 | 272,836 | 248,519 |
| Total net revenue | 451,515 | 438,820 | 1,386,042 | 1,335,418 |
| Costs applicable to revenue (exclusive of depreciation and amortization): | ||||
| Products | 106,392 | 105,850 | 330,809 | 323,286 |
| Services and plans | 83,537 | 77,979 | 248,246 | 226,992 |
| Total costs applicable to revenue | 189,929 | 183,829 | 579,055 | 550,278 |
| Operating expenses: | ||||
| Selling, general and administrative expenses | 233,991 | 227,515 | 705,472 | 679,115 |
| Depreciation and amortization | 22,690 | 22,476 | 68,603 | 66,521 |
| Asset impairment | 13,726 | 1,452 | 17,701 | 2,699 |
| Other expense (income), net | — | 1 | (1) | (103) |
| Total operating expenses | 270,407 | 251,444 | 791,775 | 748,232 |
| Income (loss) from operations | (8,821) | 3,547 | 15,212 | 36,908 |
| Interest expense, net | 4,108 | 3,722 | 11,560 | 10,425 |
| Gain on extinguishment of debt | (859) | — | (859) | — |
| Earnings (loss) from continuing operations before income taxes | (12,070) | (175) | 4,511 | 26,483 |
| Income tax provision (benefit) | (3,630) | 191 | 2,239 | 8,198 |
| Income (loss) from continuing operations, net of tax | (8,440) | (366) | 2,272 | 18,285 |
| Loss from discontinued operations, net of tax (See Note 2) | (28) | (73,432) | (2,180) | (68,199) |
| Net income (loss) | $(8,468) | $(73,798) | $92 | $(49,914) |
| Basic earnings (loss) per share: | ||||
| Continuing operations | $(0.11) | $(0.00) | $0.03 | $0.23 |
| Discontinued operations | $(0.00) | $(0.94) | $(0.03) | $(0.87) |
| Total | $(0.11) | $(0.94) | $0.00 | $(0.64) |
| Diluted earnings (loss) per share: | ||||
| Continuing operations | $(0.11) | $(0.00) | $0.03 | $0.23 |
| Discontinued operations | $(0.00) | $(0.94) | $(0.03) | $(0.87) |
| Total | $(0.11) | $(0.94) | $0.00 | $(0.63) |
| Weighted average shares outstanding: | ||||
| Basic | 78,655 | 78,163 | 78,538 | 78,328 |
| Diluted | 78,655 | 78,163 | 78,747 | 78,646 |
| Comprehensive income (loss): | ||||
| Net income (loss) | $(8,468) | $(73,798) | $92 | $(49,914) |
| Unrealized gain on hedge instruments | 64 | 255 | 548 | 763 |
| Tax provision of unrealized gain on hedge instruments | — | 65 | 128 | 195 |
| Comprehensive income (loss) | $(8,404) | $(73,608) | $512 | $(49,346) |
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