National Vision(US:EYE)2023-03-01 16:39Financial 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]