nvi walmart

[harry a saake]

heard all walmart opticals will now be run by NVI, anyone know?

[David_Garza]

The more important question:
Does anyone care?

[Chris Ryser]

National Vision Holdings

Delivering on Our Vision & Mission

National Vision, Inc. ("NVI") is one of the largest and fastest growing optical retailers in the United States and a leader in the attractive value segment of the U.S. optical retail industry. We believe that vision is central to quality of life and that people deserve to see their best to live their best, no matter what their budget. Our mission is to make quality eye care and eyewear affordable and accessible to all Americans. We achieve this by providing eye exams, eyeglasses and contact lenses to cost-conscious and low-income consumers.


Our Broad & Growing Reach

National Vision, Inc. is one of the largest optical retailers in the United States, operating 1,000 retail locations in 44 states plus the District of Columbia and Puerto Rico. We believe we are one of the fastest growing U.S. optical chains, having opened 504 stores in the past 10 years and having delivered 62 consecutive quarters of positive comparable store sales growth.
We employ over 10,000 employees and our retail divisions include America's Best Contacts & Eyeglasses, Eyeglass World, Vision Centers inside Walmart, Vista Optical inside Fred Meyer and Vista Optical on select military bases. Through our e-commerce division, AC Lens, we operate 19 websites selling contact lenses and eyeglasses online. National Vision, Inc. has plans to open 75 new locations annually.
National Vision, Inc.'s lab network consists of three domestic locations - St. Cloud, Minnesota, Salt Lake City, Utah and Lawrenceville, Georgia - as well as two outsourced, third-party owned international locations in China and Mexico. With over 600 lab employees, we focus on our goals of high efficiency, low cost, high quality and fast turnaround time.


Our History

National Vision, Inc. was founded in 1990 to operate Vision Centers for Walmart. In 2005, Berkshire Partners acquired NVI as well as America's Best Contacts & Eyeglasses and simultaneously merged the two companies. At the time of acquisition, America's Best had just 112 stores.

See all of it:
https://www.nationalvision.com/who-we-are

[newguyaroundhere]

heard all walmart opticals will now be run by NVI, anyone know?

NVI currently runs about 200 or so Vision Centers inside Walmart now. Given the amount of money Walmart has and recent investments they apparently have made for the optical departments they run, I do not see them allowing NVI to run them all.

[Chris Ryser]

NVI currently runs about 200 or so Vision Centers inside Walmart now. Given the amount of money Walmart has and recent investments they apparently have made for the optical departments they run, I do not see them allowing NVI to run them all.

National Vision manages more than 200 Vision Centers brought to you by Walmart, located in the nation's largest retailer, Walmart, across the country. The Vision Center brought to you by Walmart offers contact lenses starting at just $14 with FREE shipping and select eyeglass frames starting at only $9.

We sell all major brands and types of contact lenses, including Equate, Acuvue and Biofinity along with some amazing designer frames such as Ray-Ban®, Rickey Smiley Eyewear™ and many more, at prices you will not believe! We also offer prescription sunglasses that can be made with any eyeglass frame.

The Vision Center brought to you by Walmart also carries a complete line of accessories like cases, cords, eyeglass cleaner and lens cleaning cloths. Specialized eyewear, including safety and sports glasses, are also offered.

Eye exams are available by an independent Doctor of Optometry located adjacent to the Vision Center. Most insurance plans are accepted.

source:
https://www.nationalvision.com/who-w...-vision-center

[Chris Ryser]

National Vision Holdings, Inc. Reports Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended September 30, 2017
Dec 7 17

National Vision Holdings, Inc. reported unaudited consolidated earnings results for the third quarter and nine months ended September 30, 2017. For the quarter, the company reported total net revenue of $346,089,000 as compared to $301,216,000 for the same period last year. Income from operations was $16,560,000 as compared to $14,315,000 for the same period last year. Earnings before income taxes was $1,709,000 as compared to $4,587,000 for the same period last year. Net income was $1,546,000 as compared to $3,026,000 for the same period last year.Basic and diluted earnings per share was $0.03 as compared to $0.05 for the same period last year. EBITDA was $31,912,000 as compared to $27,532,000 for the same period last year. Adjusted EBITDA was $36,161,000 as compared to $30,738,000 for the same period last year.Adjusted Net Income was $5,826,000 as compared to $6,639,000 for the same period last year. For the nine months, the company reported total net revenue of$1,053,489,000 as compared to $919,081,000 for the same period last year. Income From operations was $70,054,000 as compared to $69,737,000 for the same period last year.

Earnings before income taxes was $26,387,000 as compared to $40,360,000 for the same period last year. Net income was $17,120,000 as compared to $24,467,000 for the same period last year. Diluted earnings per share was $0.29 as compared to $0.43 for the same period last year. Net cash provided by operating activities was $96,251,000 as compared to $91,076,000 for the same period last year. Purchase of property and equipment was $67,135,000 as compared to $66,771,000 for the same period last year. EBITDA was $111,756,000 as compared to $107,974,000 for the same period last year. Adjusted EBITDA was $134,686,000 as compared to $116,803,000 for the same period last year. Adjusted Net Income was $36,055,000 as compared to $34,865,000 for the same period last year.

source:
https://www.bloomberg.com/research/s...ivcapId=319122

[Chris Ryser]

So their net earnings dropped $ 7,347,000 in one year, which is about 30% of last years total.


Question of the day.

Is this a general trend, or what could be the reason ......................

[pknsbeans]

EBITDA was $31,912,000 as compared to $27,532,000 for the same period last year. Adjusted EBITDA was $36,161,000 as compared to $30,738,000 for the same period last year.

They bought something.