National Vision (EYE) Hurt by Business Closure, Macro Woe

National Vision's (EYE) impending termination of its Legacy business might dent growth. High dependence on a limited number of vendors and a tough competitive landscape are other threats. The stock carries a Zacks Rank #4 (Sell) currently.National Vision, in July 2023, announced that its long-term partnership with Walmart is going to be terminated on Feb 23, 2024. In connection with the termination of the Walmart contract, the company recorded $60.1 million related to Legacy segment goodwill,$9.1 million r ...