UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 _______________________________________________________________________ 2435 Commerce Ave Building 2200 30096 Duluth, Georgia (Zip Code) National Vision Holdings, Inc. (Address of principal executive offices) FORM 10-Q _______________________________________________________________________ ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2023 OR ☐ TRAN ...

Q2 2023 Financial Results Advancing Strategic Initiatives PADSSAN ❖ Net revenue increased 3.1% vs. Q2 2022 primarily due to: Forward-Looking Statements This presentation contains forward-looking statements w ithin the meaning of Section 27A of the Securities Act of 1933, as amended (the "Securities Act") and Section 21E of the Securities Exchange Act of 1934. These statements include, but are not limited to, statements contained under "Fiscal 2023 Outlook" as w ell as other statements related to our current ...

Net Revenue ($M) 6.6% increase 7.1% (12.0)% decrease 8.6% Q1 2022 Q1 2023 • Adjusted SG&A Percent of Net Revenue1increased 140 bps to 43.7% compared to Q1 2022 primarily due to: $45.3 $39.9 ◦ Higher performance-based incentive compensation of 120 basis points and higher payroll of 60 basis points, partially offset by advertising leverage of 40 basis points • Net revenue increased 6.6% over Q1 2022 primarily due to: ◦ Growth from new store sales and recognition of unearned revenue ◦ Net revenue was positivel ...

Caitlin Churchill - ICR Reade Fahs - CEO, President & Director Melissa Rasmussen - SVP, CAO & CFO Patrick Moore - SVP & COO I would now like to hand the conference over to your speaker today, Caitlin Churchill of Investor Relations. Please go ahead. The release and today's presentation also include certain non-GAAP measures. Reconciliation of these measures is included in our release and the supplemental presentation. We also would like to draw your attention to Slide 2 in today's presentation for additiona ...

Financial Data and Key Metrics Changes - Adjusted comparable store sales growth declined 2.4% compared to an increase of 1.2% in the fourth quarter of 2021, driven by lower traffic partially offset by an increase in average ticket [2] - Adjusted diluted EPS was a loss of $0.08 compared to earnings of $0.13 per share in the prior year period [3] - Net revenue for the fourth quarter decreased 1.9% compared to the prior year due to macroeconomic headwinds and constraints to exam capacity [122] - Adjusted operating income was a loss of $6.8 million compared to adjusted operating income of $16.8 million in the prior-year period [94] - For the year, net revenue decreased approximately 3.6% versus 2021, with adjusted operating income of $87.8 million and adjusted diluted EPS of $0.65 per share [69] Business Line Data and Key Metrics Changes - Managed care sales saw positive comp growth for both the quarter and the year, indicating an increase in customers with vision insurance [58] - The company opened 23 new America's Best stores, resulting in a 1.7% increase in total store count sequentially over the third quarter of 2022 [93] - Inventory per store declined 6% on a year-over-year basis, indicating effective inventory management [70] Market Data and Key Metrics Changes - The pandemic created a national shortage of optometrists, leading to increased retirements and reduced availability of doctors [22] - The company noted a significant trade down from higher-income consumers, with a shift towards more budget-conscious purchasing behavior [8][110] Company Strategy and Development Direction - The company is focusing on expanding remote care capabilities, improving doctor recruitment and retention, and enhancing omnichannel capabilities [85][90] - Plans for 2023 include opening approximately 65 to 70 new stores and continuing to invest in technology and digitalization initiatives [96] - The company aims to leverage remote care and scheduling options to address doctor capacity constraints and improve service delivery [7][11] Management's Comments on Operating Environment and Future Outlook - Management expressed caution regarding the macroeconomic environment, particularly its impact on budget-conscious consumers [5][81] - The company anticipates a gradual return to a more normalized optical purchasing cycle and improved consumer sentiment [6][8] - Management believes that the actions taken will position the company for long-term success despite short-term margin pressures [90][128] Other Important Information - The company returned capital to stockholders with the repurchase of 2.7 million shares for $80 million, with $50 million remaining under the current share repurchase authorization [4] - The company expects adjusted operating income between $48 million and $66 million for 2023, with adjusted diluted EPS between $0.42 and $0.60 per share [96] Q&A Session Summary Question: What factors contributed to the comp shortfall in 2022? - Management attributed the comp shortfall primarily to doctor capacity challenges and macroeconomic pressures affecting consumer behavior [130] Question: How does the company plan to address the doctor shortage? - The company is implementing flexible scheduling options and enhancing variable compensation programs to improve doctor recruitment and retention [11][135] Question: What is the outlook for insured versus uninsured consumers? - Management expects the percentage of managed care consumers to continue growing, which should help offset challenges from uninsured customers [112][140] Question: How is the competitive environment evolving? - The company noted that traditional higher-cost segments are losing market share to value segments, where the company is positioned as a winner [145] Question: What are the expectations for remote care implementation in 2023? - The company plans to roll out remote care capabilities to at least 200 stores in 2023, building on the success of previous implementations [40][145]

Financial Performance - Net revenue for Q4 2022 decreased by 1.9% to $468.9 million compared to Q4 2021, and fiscal year 2022 net revenue decreased by 3.6% to $2.01 billion compared to fiscal year 2021[22] - Adjusted operating income for Q4 2022 decreased by 140% to $(6.8) million, and for fiscal year 2022, it decreased by 57.1% to $87.8 million[22] - Adjusted diluted EPS for Q4 2022 decreased by 162% to $(0.08), and for fiscal year 2022, it decreased by 56.2% to $0.65[22] - Adjusted comparable store sales growth was (2.4)% in Q4 2022 and (7.6)% in fiscal year 2022[33] Capital Structure and Cash Flow - The company's debt structure includes a $150 million term loan, $402.5 million in convertible notes, and a $294 million credit facility capacity[2,85] - Capital expenditures for 2022 were $114 million, primarily for new store openings and customer-facing technology investments[85] - The company repurchased 2.7 million shares for $80 million in 2022[85] 2023 Outlook - The company anticipates opening 65 to 70 new stores in 2023[87] - Adjusted comparable store sales growth is projected to be between 0% and 3% in 2023[87] - Net revenue is expected to be between $2.075 billion and $2.135 billion in 2023[87] - Adjusted diluted EPS is projected to be between $0.42 and $0.60 in 2023, assuming approximately 80.2 million shares[87]

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 _______________________________________________________________________ FORM 10-K _______________________________________________________________________ (Mark One) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _____ to _____ Commission file number 001-38257 __________________ ...

National Vision Holdings, Inc. (NASDAQ:EYE) Q2 2022 Results Conference Call August 11, 2022 10:00 AM ET Company Participants David Mann - SVP, IR Reade Fahs - CEO Patrick Moore - COO and CFO Conference Call Participants Kate McShane - Goldman Sachs Simeon Gutman - Morgan Stanley Stephanie Wissink - Jefferies Adrienne Yih - Barclays Michael Lasser - UBS Dylan Carden - William Blair Zack Fadem - Wells Fargo Bob Drbul - Guggenheim Partners Operator Thank you for standing by, and welcome to the National Vision ...

Q1 2022 Financial Results May 10, 2022 Disclaimer Forward-Looking Statements This presentation contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended (the "Securities Act") and Section 21E of the Securities Exchange Act of 1934. These statements include, but are not limited to, statements contained under "Fiscal 2022 Outlook" as well as other statements related to our current beliefs and expectations regarding the performance of our industry, the Comp ...

National Vision Holdings, Inc. (NASDAQ:EYE) Q1 2022 Earnings Conference Call May 10, 2022 8:30 AM ET Company Participants David Mann - Vice President of Investor Relations Reade Fahs - Chief Executive Officer Patrick Moore - Chief Financial Officer Conference Call Participants Michael Lasser - UBS Zack Fadem - Wells Fargo Chris Neamonitis - Jefferies Paul Lejuez - Citi Rob Drbul - Guggenheim Securities Adrienne Yih - Barclays Molly Baum - Bank of America Operator Welcome to the National Vision Q1 Earnings C ...