National Vision extends growth streak as Q4 revenue climbs 15%

National Vision Holdings (NASDAQ:EYE) unveiled fourth-quarter and full-year 2025 results on Wednesday, marking its 12th consecutive quarter of positive comparable store sales growth as the optical retailer successfully navigates its post-Walmart transition.

The Duluth, Georgia-based company posted fourth-quarter net revenue of $503.4 million, a 15.1% increase compared to the prior-year period.

The growth was spearheaded by a robust 6.6% increase in comparable store sales, reflecting strong demand across its core brands, America’s Best and Eyeglass World.

Profitability saw a significant rebound during the quarter.

National Vision reported net income from continuing operations of $3.3 million, or $0.04 per diluted share, a sharp reversal from the net losses seen in the same period last year.

Adjusted operating margin improved to 3.5%, up from 0.7% in Q4 2024, as the company benefited from improved labor productivity and the early results of its multi-year cost-savings initiative.

For the full fiscal year 2025, revenue reached $1.99 billion, up 9% year-over-year.

Adjusted diluted earnings per share for the year rose to $0.80, compared with $0.52 in 2024.

Looking ahead, National Vision issued a 2026 outlook that anticipates continued top-line growth and disciplined capital allocation.

The company plans to open approximately 30 new stores in the coming year while executing on its plan to achieve $20 million in annualized savings by the end of 2026.

The fiscal 2026 guidance projects net revenue in the range of $2.1 billion to $2.18 billion, with adjusted operating income expected between $115 million and $130 million.