National Vision (NASDAQ: EYE) reported Q2 EPS of $0.21, $0.02 better than the analyst estimate of $0.19. Revenue for the quarter came in at $385.5 million versus the consensus estimate of $381.42 million.

• Net revenue increased 14.2% to $385.5 million
• Comparable store sales growth of 10.4%; Adjusted comparable store sales growth of 8.8%
• 66th consecutive quarter of positive comparable store sales growth
• Net income of $13.1 million; Adjusted net income increased 131.8% to $16.2 million
• Adjusted EBITDA increased 18.2% to $46.8 million.
• Diluted EPS of $0.17; Adjusted diluted EPS increased 68.0% to $0.21

Reade Fahs, chief executive officer, stated, “We are pleased with our second quarter and year-to-date results, which demonstrate the resiliency and consistency of our business model. Our team delivered its 66th consecutive quarter of positive comparable store sales growth, driven primarily by customer transactions. We experienced an acceleration in customer traffic into the second quarter that benefited from an extended peak selling season. We opened 25 stores this quarter, and remain on track for our 2018 store opening plans. Our optometrists and associates work hard every day to make quality eye exams and eyewear more affordable for our patients and customers. As we move into the second half of the year, we are reaffirming the 2018 financial targets that we established in March.”

GUIDANCE:

National Vision sees FY2018 revenue of $1.485-1.515 billion, versus the consensus of $1.52 billion.

For earnings history and earnings-related data on National Vision (EYE) click here.