{
  "url": "https://struct.news/briefs/national-visions-profit-rose-but-inventory-grew-15-times-faster-than-sales",
  "title": "National Vision’s profit rose, but inventory grew 15 times faster than sales",
  "summary": "Inventory climbed 36.7% during the six months ended July 4, even as revenue increased just 2.5%.",
  "published_at": "2026-08-13T12:23:16.014628+00:00",
  "publisher": "Struct",
  "usage": "Figures are as reported by the company. Quote with attribution to the source filing.",
  "company": {
    "name": "National Vision Holdings, Inc.",
    "ticker": "EYE",
    "cik": "1628280",
    "sector": "Consumer Cyclical",
    "industry": "Specialty Retail"
  },
  "source_filing": {
    "form": "10-Q",
    "filed": "2026-08-13",
    "accession": "0001628280-26-056493",
    "url": "https://www.sec.gov/Archives/edgar/data/1710155/000162828026056493/eye-20260704.htm"
  },
  "comparison_filing": {
    "form": "10-Q",
    "filed": "2025-08-07",
    "url": "https://www.sec.gov/Archives/edgar/data/1710155/000171015525000047/eye-20250628.htm"
  },
  "reported_figures": [
    {
      "group": "The filing in three numbers",
      "label": "Revenue",
      "value": 1987488000,
      "display": "$2.0B",
      "unit": "usd",
      "period": "2026-01-03",
      "detail": null,
      "source": {
        "kind": "sec_filing",
        "label": "Filed company results",
        "form": "10-Q",
        "accession": "0001628280-26-056493",
        "filing_date": "2026-08-13"
      }
    },
    {
      "group": "The filing in three numbers",
      "label": "Revenue YoY",
      "value": 9.003795274554104,
      "display": "+9.0%",
      "unit": "percent",
      "period": "2026-01-03",
      "detail": null,
      "source": {
        "kind": "jodie_calculation",
        "label": "Calculated from filed company results",
        "form": "10-Q",
        "accession": "0001628280-26-056493",
        "filing_date": "2026-08-13"
      }
    },
    {
      "group": "The filing in three numbers",
      "label": "Operating margin",
      "value": 2.9599675570368222,
      "display": "+3.0%",
      "unit": "percent",
      "period": "2026-01-03",
      "detail": null,
      "source": {
        "kind": "jodie_calculation",
        "label": "Calculated from filed company results",
        "form": "10-Q",
        "accession": "0001628280-26-056493",
        "filing_date": "2026-08-13"
      }
    }
  ],
  "watch_next": [
    {
      "type": "interest_rates",
      "statement": "Lower outstanding debt reduced interest expense during the latest six-month period.",
      "importance": "medium",
      "evidence": "The change was primarily a result of lower interest expense of $2.4 million resulting from lower outstanding debt balance.",
      "source_date": "2026-08-13"
    },
    {
      "type": "pricing",
      "statement": "Pricing and product-mix initiatives increased net product sales, while the shift toward higher-value offerings reduced eyeglass margin.",
      "importance": "medium",
      "evidence": "Table of Contents Net product sales increased $8.5 million, or 2.2%, in the three months ended July 4, 2026 compared to the three months ended June 28, 2025, primarily due to pricing and product mix initiatives in eyeglass sales of $7.0 million and contact lens sales of $1.9 million.",
      "source_date": "2026-08-13"
    },
    {
      "type": "tariffs",
      "statement": "National Vision estimates that less than 1% of costs applicable to revenue are subject to Mexico tariffs and says mitigation plans are in place.",
      "importance": "medium",
      "evidence": "In Mexico, where our exposure relates to our outsourcing relationship with our third-party laboratory, we have mitigation plans in place, and we estimate that less than 1% of our costs applicable to revenue are subject to tariffs in Mexico.",
      "source_date": "2026-08-13"
    },
    {
      "type": "dilution",
      "statement": "Diluted shares increased modestly year over year, including shares used for employee tax withholdings tied to stock compensation.",
      "importance": "medium",
      "evidence": "shares diluted: 80.1M -> 80.6M (+0.7%).",
      "source_date": "2026-08-13"
    }
  ],
  "related_tickers": [
    "EYE"
  ],
  "disclaimer": "Descriptive reporting of filed results. Not investment advice, and contains no forecast or recommendation."
}