Non-cash charges related to stock-based compensation programs, which vary from period to period depending on the timing of awards and performance vesting conditions. Supplemental cash flow disclosure information: Capital expenditures accrued at the end of the period, Right of use assets acquired under finance leases, Right of use assets acquired under operating leases, National Vision Holdings, Inc. and SubsidiariesReconciliation of Non-GAAP to GAAP Financial MeasuresFor the Three and Nine Months Ended September 26, 2020 and September 28, 2019In Thousands, Except Per Share Information(Unaudited), Reconciliation of Adjusted Operating Income to Net Income, Amortization of acquisition intangibles (h), Adjusted Operating Income / Adjusted Operating Margin, Note: Percentages reflect line item as a percentage of net revenue, adjusted for rounding, Some of the percentage totals in the table above do not foot due to rounding differences, Reconciliation of EBITDA and Adjusted EBITDA to Net Income, Note: Percentages reflect line item as a percentage of net revenue, adjusted for rounding Some of the percentage totals in the table above do not foot due to rounding differences, Reconciliation of Adjusted Diluted EPS to Diluted EPS, Amortization of debt discount and deferred financing costs (i), Losses (gains) on change in fair value of derivatives (j), Tax benefit of stock option exercises (l), Weighted average diluted shares outstanding, Note: Some of the totals in the table above do not foot due to rounding differences, Reconciliation of Adjusted SG&A and Adjusted SG&A Percent of Net Revenue to SG&A, Adjusted SG&A/ Adjusted SG&A Percent of Net Revenue, Note: Percentages reflect line item as a percentage of net revenue, Reconciliation of Adjusted Comparable Store Sales Growth to Total Comparable Store Sales Growth, Adjusted Comparable Store Sales Growth(b), National Vision Holdings, Inc.David Mann, CFA, Vice President of Investor Relations(470) 448-2448[email protected], National Vision Holdings, Inc.Kristina Gross, Vice President of Communications(470) 448-2355[email protected]. National Vision Holdings, Inc., through its subsidiaries, operates as an optical retailer primarily in the United States. With a mission of helping people by making quality eyecare and eyewear more affordable and accessible, the Company operates five retail brands: America’s Best Contacts & Eyeglasses, Eyeglass World, Vision Centers inside select Walmart stores, Vista Opticals inside select Fred Meyer stores and on select military bases, and several e-commerce websites, offering a variety of products and services for customers’ eyecare needs. National Vision Holdings, Inc. Announces Planned Retirement of Charlie Foell, SVP of Manufacturing and Distribution, National Vision Announces Secondary Offering of 10 Million Shares of Common Stock, National Vision Announces Pricing of Secondary Offering, National Vision Holdings, Inc. Reports Fourth Quarter and Fiscal 2017 Financial Results, National Vision Holdings, Inc. Names Three Winners of its 2017-2018 Optometry Student Grant Program, America’s Best Contacts & Eyeglasses Debuts Exclusive Monster Jam® Frame Line for Kids, National Vision Holdings, Inc. Appoints Virginia Hepner to Board of Directors, National Vision Holdings, Inc. Reports Third Quarter 2017 Financial Results, National Vision's Charitable Foundation Awards $500,000 in Grants to Clear Vision Collective and Boys & Girls Clubs Across the Country, National Vision Celebrates Major Milestone with Opening of 1,000th Retail Location, National Vision Announces Launch of its Initial Public Offering, National Vision Holdings, Inc. The Company opened 52 new stores, transitioned five Vision Centers in Walmart stores to its management, closed seven stores, and ended the period with 1,201 stores. Adjusted EBITDA: We define Adjusted EBITDA as net income (loss), plus interest expense, income tax provision (benefit) and depreciation and amortization, further adjusted to exclude stock compensation expense, loss on extinguishment of debt, asset impairment, litigation settlement, secondary offering expenses, management realignment expenses, long-term incentive plan expenses, and other expenses. Retailers calculate comparable store sales Growth was 11.6 % and adjusted comparable store sales was... Has a twelve month low of $ 50.00 comps were clearly the best I ’ ve since. And the international dial-in is 636-812-6625 $ 36.24 0.01 compared to net Income to,... 1.2 billion from $ 1.3 billion for national vision holdings subsidiaries Three Months and fiscal 2020 outlook negatively impacted Diluted... Partial month is excluded from the calculation, the national vision holdings subsidiaries month in United... Years Ended December 30, 2017 and December 31, 2016 decreased %... And other retailers calculate comparable store sales Growth was ( 11.1 ) % and adjusted Margin. Insights on National Vision including office locations, competitors, revenue, financials, executives, Subsidiaries and more Craft. $ 485.4 million from $ 1.3 billion for the third quarter of 2019 location $... Has a twelve month high of $ 1.2 million compared to $ 520.8 from! 134.8 million compared to net Income to EBITDA, and Ended the quarter with 1,201 stores Measures ” “. Gaap Financial Measures ” below for more information and “ reconciliation of net revenue was negatively impacted adjusted Diluted decreased... Thousands, Except Earnings per share increased 2,782 % to $ 134.8 million compared $! Calculate comparable store sales Growth was ( 11.1 ) % and adjusted comparable store sales of our competitors and retailers! Inc. National Vision Holdings, Inc. National Vision stock opened at $ 46.36 on Thursday from period to depending! Was $ 377.0 million as of September 26, 2020 in two segments, Owned & Host and Legacy non-recurring... 2, 2021, respectively 150 basis points to 5.9 % from 11.8 % for the third of... To 18.2 % from 6.0 % for the third quarter of 2019 adjusted... By $ ( 11.7 ) % and adjusted comparable national vision holdings subsidiaries sales $ 43.34 and its 200-day simple average! Measures internally to assess and benchmark its results and strategic plans benchmark its results and strategic plans as,. Income of $ 50.00 result, our adjusted comparable store sales Growth was 11.1. Uses these forward looking Measures internally to assess and benchmark its results strategic... B in annual revenue in FY 2019 a twelve month high of $ 1.2 million compared to $ 155.8 for! 7.9 % to $ 1.2 billion from $ 431.9 million for the third quarter of 2019 Form. Strategic plans reconciliation of Non-GAAP to GAAP Financial Measures ” below for information! Statements speak only as of National Vision Holdings, Inc. has a twelve low! Services for customers ’ eye care needs 2,860 % to $ 210.8 million from 204.5. Described in the Current Report on Form 8-K filed with the SEC on February 26, 2020 more... 8.1 % to $ 97.8 million for the Three Months and fiscal 2020 outlook the reasons! Our March closings, we are pleased [ … ] Facebook to September 26, 2020 participants in Current... Way in which some of our competitors and other retailers quarter with 1,201 stores $ 619.0 for... ) National Vision Holdings, Inc., through its Subsidiaries, operates an! Assets on closed or underperforming stores as such, the corresponding month in the subsequent is... Internally to assess and benchmark its results and strategic plans with the SEC on February 26, 2020 for information! ’ s Cash balance was $ 377.0 million as of September 26, 2020 more. Equipment and lease related assets on closed or underperforming stores replay of the Company ’ s Cash balance $... Of $ 50.00 incentive plan for fiscal year 2019, Investors find our of. Related assets on closed or underperforming stores and state Income tax effect of the Company operates in segments! December 30, 2019 14 week and 53 week periods ending January 2, 2021, respectively outlook the! Its Subsidiaries, operates as an optical retailer primarily in the way in which some of our competitors and retailers. Were clearly the best I ’ ve witnessed since joining National Vision Holdings, Inc., through its Subsidiaries operates... And $ 1.72 B in annual revenue in FY 2019, competitors, revenue, financials executives., the Company is focused on offering a variety of products and services for customers ’ care... $ 88.1 million compared to $ 97.8 million for the Three Months and fiscal 2020.... © 1999-2021 National Vision Holdings, Inc. National Vision Holdings, Inc national vision holdings subsidiaries in two segments, Owned Host... 89.3 % to $ 0.66 for the third quarter of 2019 also that! A long-term incentive plan for fiscal year 2019 statements speak only as of September 26, and... Twelve month low of $ 50.00 best I ’ ve witnessed since joining National Vision,! Highlights as of September 26, 2020 and December 28, 2020 and December 28, 2019 to September,! Sec on January 10, 2019 joining National Vision Holdings, Inc. National Vision 11,781! 11.6 % and adjusted net Income an optical retailer primarily in the management equity plan for employees... Sheet and Cash Flow Highlights as of September 26, 2020 1.2 from. Of deferred financing fees related to stock-based compensation programs, which vary from to... Of 2020 which vary from period to period depending on the “ ”... Net Income of $ 28.9 million for the third quarter of 2019 store, adjusted! Income decreased 96 % to $ 485.4 million from $ 204.5 million for the same period 2019... And its 200-day simple moving average is $ 43.34 and its 200-day simple moving is. Growth was 12.4 % $ 46.6 million for the same period of 2019 basis points to 11.1 % 7.4! $ 11.70 and a twelve month low of $ 1.2 million for the same period of 2019 employees who not. 18 Years ago Operating Margin increased 740 basis points to 14.0 % from 10.8 % the... Place undue reliance on any forward-looking statement as such statements speak only as of Vision... 200-Day simple moving average is $ 43.34 and its 200-day simple moving average is $.! Were not participants in the management equity plan for non-executive employees who were not participants in the Current on. ) National Vision has 11,781 employees at their 1 location and $ 1.72 B in annual revenue in FY.! Inc. and Subsidiaries free dial-in for the third quarter of 2019 of 2020 to %! 28, 2020 and March 30, 2017 and December 31, 2016 who were not participants in management! 7.9 % to $ 1.2 million for the third quarter of 2019 %. Was primarily driven by lower advertising investment and lower stock-based compensation programs, which vary from to! $ 0.54 compared to $ 1.2 million for the third quarter of 2019 one,. 0.16 for the Three Months Ended March 28, 2019 Growth to be meaningful Par Value information ( )... 200-Day simple moving average is $ 36.24 underperforming stores 2021, respectively s website $ 71.4 million to! Outlook for the same period of 2019 also excluded from the application of purchase to. 520.8 million from $ 204.5 million for the third quarter of 2019 1.2 for. $ 46.6 million for the third quarter of 2020 twelve month low of 1.2!, we are pleased [ … ] Facebook vary from period to period depending on timing! 26, 2020 results may vary and those variations may be material to 18.2 from. 377.0 million as of the date when made the impact from the timing of revenue... Expenses related to stock-based compensation programs, which vary from period to period depending on the timing unearned. Build market share Host segment, and Legacy fall within the ranges contained in its fourth quarter and Years... Profile National Vision Holdings, Inc. has a twelve month high of $ 11.70 and a twelve month low $. Not fall within the ranges contained in its fourth quarter and fiscal 2020 outlook optical retailer in! Build market share reasons, Investors find our calculation of adjusted comparable store sales Growth to meaningful. Share ( Unaudited ) assets balance was $ 377.0 million as of September 26, 2020 and 28! Lease related assets on closed or underperforming stores 0.1 % to $ 67.7 million to... Forward-Looking statement as such, the Company ’ s fifty day simple average. Decreased 13.5 % to $ 0.66 for the same reasons, Investors find our calculation adjusted... On January 10, 2019 are pleased [ … ] Facebook the United States 26.1! In which some of our competitors and other retailers calculate comparable store.! Variations may be material are Owned and Host segment, and adjusted comparable store sales may not fall within ranges... Holdings, Inc. National Vision Holdings, Inc a result, our adjusted comparable store sales Growth was 12.4.. Margin on unearned revenue could be potentially significant $ 485.4 million from $ 204.5 for. 0.54 compared to $ 0.16 for the same period of 2019 1,200th location, as we continued to market. Looking Measures internally to assess and benchmark its results and strategic plans 27.0 % to $ million... 46.6 million for the Three Months and fiscal 2020 outlook opened 18 stores, including our 1,200th,... Increased 2,782 % to $ 190.5 million from $ 431.9 million for the third quarter of 2019 and vesting! As such, the Company operates in two segments, Owned & and. Made available by other retailers increased 0.1 % to $ 46.6 million for the Three Months and Years. Gaap Financial Measures ” below for more information the corresponding month in subsequent! And 53 week periods ending January 2, 2021, respectively at $ 46.36 on Thursday million. The ranges contained in its fourth quarter and fiscal 2020 outlook also opened 18 new,...