National Vision Holdings, Inc.
National Vision Holdings, Inc. is a U.S.-based optical retailer that sells eye exams, eyeglasses, contact lenses, and related vision products through a network of company-owned and host retail locations. Its business also includes omni-channel websites, centralized laboratories, and a managed care subsidiary that issues individual vision plans in California.
Tilikausi 2026 · muutos edellisvuodesta
Kehitys 2021–2026
Liiketoiminta
Osuus liikevaihdostaPrescription eyeglasses, frames, and related optical merchandise sold in stores and online.
Retail sales of contact lenses through stores and the dedicated e-commerce channel.
Optometrist exams and other in-store vision care services tied to retail visits.
Individual vision plans and related managed care services through FirstSight.
Tuotteet
Raportoitu · osuus liikevaihdosta- Eyeglasses and Sunglasses63,9 %
- Contact Lenses16,3 %
- Exam12,8 %
- Product Protection Plans3,7 %
- Eyecare Clubs2,7 %
- Accessories and Other0,6 %
Lähde: 10-K FY2026, yhtiön tuotelinjoittain raportoima liikevaihto (SEC XBRL). Osuudet on laskettu näytetyistä riveistä ja ne summautuvat 100 %:iin.
Asiakkaat
The company serves value-seeking consumers who want affordable eye care and eyewear, often through a combination of exams, glasses, and contact lenses in one visit. It also serves customers who prefer convenience through online ordering and customers using host locations on military bases or within partner retail stores.
Buy eye exams, eyeglasses, and contact lenses at accessible price points.
Order contact lenses and optical accessories through the dedicated e-commerce site.
Use Vista Optical locations on military bases or inside partner stores for convenience.
Purchase or use individual vision plans tied to America’s Best operations in California.
Strategia
The company’s operating focus is to grow comparable store sales, open and convert stores, and use its brand portfolio to serve value-oriented optical customers. It also uses omni-channel sales, centralized labs, and advertising allocation by market to support traffic, conversion, and customer convenience.
Retail traffic and transaction value are core drivers of revenue in optical retail.
New stores, conversions, and selective closures shape long-term reach and productivity.
Online ordering and in-store services improve convenience and capture more customer demand.
Maantiede
National Vision’s business is concentrated in the United States, where it operates a large store network across multiple retail banners. Its footprint includes company-owned stores, host locations on military bases and in partner retailers, and online channels that extend reach beyond the physical store base.
Riskit
The business is exposed to consumer spending patterns, tax-refund timing, and seasonal demand swings because many customers rely on refunds or benefit reset periods to pay for eyewear. It also faces retail execution risks, including store traffic, advertising efficiency, host-partner dependence, and the need to manage service costs, inventory, and revenue timing across physical and online channels.
- Consumer spending sensitivityVaikutus: KorkeaTodennäköisyys: Korkea
The company serves value-seeking consumers whose purchases can be delayed or reduced in weaker conditions.
Kohdistuu: Retail eyewear and exams
- Seasonal demand concentrationVaikutus: KorkeaTodennäköisyys: Kohtalainen
A meaningful share of customers rely on tax refunds and insurance reset periods to buy eyewear.
Kohdistuu: First half of the year
- Host-partner and site concentration riskVaikutus: KeskitasoTodennäköisyys: Kohtalainen
Vista Optical locations depend on military-base and partner-retail arrangements that can change.
Kohdistuu: Host locations
- Revenue timing and deferralsVaikutus: Keskitaso
Unearned and deferred revenue can shift recognition between periods and affect comparability.
Kohdistuu
Kirjanpito
Harkinnanvaraiset erätEyewear, contact lenses, exams, and plans are recognized at different points, affecting quarterly revenue mix.
Vaikutus: Delivered products and performed services drive recognition
Timing differences can delay recognition of revenue from services and bundled offerings.
Vaikutus: Can materially shift quarterly reported revenue
Tax refunds and benefit reset periods create predictable but uneven quarterly patterns.
Vaikutus: First-half results may not be comparable to later periods
Store or asset impairments and stock-based compensation can affect operating expenses and earnings.
Vaikutus: May distort underlying operating performance
Samankaltaisia listattuja yhtiöitä
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Päivitetty: 24.9.2026