National Vision (NASDAQ: EYE) reported Q3 EPS of $0.12, in-line with the analyst estimate of $0.12. Revenue for the quarter came in at $387.4 million versus the consensus estimate of $375.61 million.

Fiscal 2018 Outlook

The Company is providing the following insights for the remainder of fiscal 2018:

• The Company expects adjusted same store sales growth to be at or above the top end of the range in the previously provided 2018 Outlook.
• In addition, the Company's AC Lens business is generating higher net revenue, including the Walmart expanded contact lens distribution relationship that is estimated to add at least $10 million to 2018 net revenue. As a result, the Company expects net revenue to be above the range in the previously provided 2018 Outlook. The expanded Walmart relationship is expected to provide minimal contribution to profitability and no impact to adjusted same store sales growth.
• The Company expects to incur approximately $4 to $5 million relating to certain growth investments and incremental operating expenses by the end of 2018 that were not contemplated in the original 2018 Outlook. These items include investments to support the Company's managed care growth and support for a citizens' initiative in Oklahoma, as well as higher public company expenses. As a result, the Company expects Adjusted EBITDA and Adjusted Net Income for fiscal 2018 to be in the lower half of the range in the previously provided 2018 Outlook.
• The Company expects capital expenditures to be near the high end of the range in the previously provided 2018 Outlook, driven by growth investments.

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