
National Vision price target raised to $17 from $13 at Goldman Sachs
Goldman Sachs raised the firm's price target on National Vision (EYE) to $17 from $13 and keeps a Neutral rating on the shares. The company's earnings beat was driven by higher comps and slightly better margins with guidance reflecting the results and positive QTD trends, the analyst tells investors in a research note. Goldman adds that the company's management believes any potential tariff impact can be mitigated.
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Associated Press
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- Associated Press
Grupo Financiero Galicia S.A. Announces Commencement of Secondary Offering of American Depositary Shares by HSBC Bank plc
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The documents related to the Offering have not been filed with, reviewed or authorized by the CNV, and therefore the CNV has not made any determination as to the truthfulness or completeness of those documents. All of the ADSs are being offered by the Selling Shareholder. The Selling Shareholder will receive all of the proceeds from the Offering. The Company is not selling any ADSs in the Offering and will not receive any proceeds from the Offering. Morgan Stanley & Co. LLC and Goldman Sachs & Co. LLC are acting as the representatives of the underwriters of the Offering. The Offering is being made pursuant to an effective shelf registration statement on Form F-3 (including a prospectus) filed by the Company with the U.S. Securities and Exchange Commission ('SEC'). Before you invest, you should read the prospectus in the shelf registration statement and the related prospectus supplement and other documents the Company has filed with the SEC for more complete information about the Company and the Offering. The Offering will be made only by means of a prospectus and a related prospectus supplement relating to the Offering, copies of which may be obtained from Morgan Stanley & Co. LLC, Attention: Prospectus Department, 180 Varick Street, 2nd Floor, New York, New York 10014, and from Goldman Sachs & Co. LLC, Attention: Prospectus Department, 200 West Street, New York, New York 10282, by telephone at (866) 471-2526, or by email at [email protected]. A copy of the prospectus and the related prospectus supplement relating to the Offering may also be obtained free of charge by visiting EDGAR on the SEC's website at This press release does not constitute an offer to sell or the solicitation of an offer to buy these securities, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction. Cautionary Note Concerning Forward Looking Statements This press release contains forward-looking statements within the meaning of Section 27A of the U.S. Securities Act of 1933, as amended (the 'Securities Act'), and Section 21E of the Exchange Act. Such forward-looking statements include, but are not limited to, those regarding the expected number of ADSs to be sold in the Offering . Forward-looking statements generally can be identified by the use of such words as 'may', 'will', 'expect', 'intend', 'estimate', 'anticipate', 'believe', 'continue' or other similar terminology, although not all forward-looking statements contain these identifying words. Such statements are subject to numerous important factors, risks and uncertainties that may cause actual events or results to differ materially from current expectations and beliefs, including, but not limited to, risks and uncertainties related to: the occurrence of any event, change or other circumstance that could impact the expected timing, completion or other terms of the Offering; the impact of general economic, industry or political conditions in the United States or internationally, as well as the other risk factors set forth under the caption Item 3.D. 'Risk Factors' in our most recent annual report on Form 20-F, and from time to time in the Company's other filings with the SEC. The information contained in this press release is as of the date indicated above. The Company does not undertake any obligation to release publicly any revisions to forward-looking statements to reflect later events or circumstances or to reflect the occurrence of unanticipated events. About Grupo Financiero Galicia S.A.: Grupo Financiero Galicia S.A. (Nasdaq: GGAL; Bolsas y Mercados Argentinos S.A./A3 Mercados S.A.: GGAL) is the main financial services holding company in Argentina, which seeks to create long-term value through its companies, providing savings, credit, investment, insurance, advice and digital solutions opportunities to people, companies and organizations, prioritizing customer experience and sustainable development. With more than 110 years of experience, Grupo Financiero Galicia S.A. is a group of financial services companies in Argentina, integrated by Banco de Galicia y Buenos Aires S.A.U. (Banco Galicia), GGAL Holdings S.A. (Galicia Más Holdings), Tarjetas Regionales S.A. (Naranja X), Sudamericana Holdings S.A. (Galicia Seguros), Galicia Asset Management S.A.U. (Fondos Fima), IGAM LLC (Inviu), Galicia Securities S.A.U. (Galicia Securities), Agri Tech Investment LLC (Nera), Galicia Ventures LP and Galicia Investments LLC (collectively referred to as Galicia Ventures), and Galicia Warrants S.A. (Warrants). Investor Contact: Mr. Pablo Firvida Investor Relations Officer +5411 6329 4881 [email protected] THE TERMS AND CONDITIONS OF THE OFFERING WILL BE NOTIFIED IN ARGENTINA PURSUANT TO AN HECHO RELEVANTE, SOLELY FOR INFORMATIONAL PURPOSES, BUT SUCH NOTICE WILL NOT CONSTITUTE AN OFFER OF SECURITIES FOR SALE IN ARGENTINA.
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Yahoo
4 hours ago
- Yahoo
EYE Q1 Earnings Call: National Vision Discusses Transformation Strategy, Leadership Transition, and Tariff Impact
Optical retailer National Vision (NYSE:EYE) reported revenue ahead of Wall Street's expectations in Q1 CY2025, with sales up 5.7% year on year to $510.3 million. The company's full-year revenue guidance of $1.94 billion at the midpoint came in 0.7% above analysts' estimates. Its non-GAAP profit of $0.34 per share was 10.5% above analysts' consensus estimates. Is now the time to buy EYE? Find out in our full research report (it's free). Revenue: $510.3 million vs analyst estimates of $502.6 million (5.7% year-on-year growth, 1.5% beat) Adjusted EPS: $0.34 vs analyst estimates of $0.31 (10.5% beat) Adjusted EBITDA: $64.07 million vs analyst estimates of $60.83 million (12.6% margin, 5.3% beat) The company slightly lifted its revenue guidance for the full year to $1.94 billion at the midpoint from $1.93 billion Management raised its full-year Adjusted EPS guidance to $0.63 at the midpoint, an 8.6% increase Operating Margin: 5.1%, in line with the same quarter last year Locations: 1,237 at quarter end, up from 1,201 in the same quarter last year Same-Store Sales rose 5.5% year on year (0.4% in the same quarter last year) Market Capitalization: $1.66 billion National Vision's first quarter performance was driven by the company's ongoing transformation initiatives, including new approaches to pricing, product assortment, and targeted customer segmentation. CEO Reade Fahs credited these strategies with improving results across managed care, progressive, and outside prescription customer segments, which together saw double-digit comparable sales growth. The rollout of remote eye exam technology helped address prior challenges with optometrist shortages, stabilizing exam capacity and keeping store coverage healthy. Fahs highlighted that the company's pricing actions raised average ticket values without reducing conversion rates or customer satisfaction, indicating customer acceptance of these changes. Product mix shifts toward higher-value frames and investments in store associate training also contributed to the positive momentum, while ongoing operational discipline supported bottom line growth. The first quarter's results reinforced management's belief that National Vision's transformation is gaining traction. Looking forward, National Vision's raised full-year guidance is underpinned by continued investment in digital tools, personalized marketing, and new product offerings aimed at expanding its reach among higher-value customer segments. Incoming CEO Alex Wilkes outlined priorities to further segment and personalize the customer experience, while enhancing store capabilities and modernizing the product mix. Management emphasized the importance of cost efficiency, particularly as the company prepares for potential increases in tariffs on imported eyewear. CFO Chris Laden stated, 'We believe that we can mitigate potential higher tariff costs with pricing actions and cost reduction efforts to neutralize the tariff impact.' The leadership team acknowledged macroeconomic uncertainty and intends to balance growth investments with disciplined expense management as transformation initiatives continue to roll out during the year. Management attributed the quarter's performance to pricing actions, higher-value product launches, targeted customer segmentation, and the successful adoption of digital and remote exam capabilities. Targeted segmentation strategy: Focused efforts on managed care, progressive, and outside prescription customers led to double-digit comparable sales growth within these segments. These customers, who represent about half of National Vision's base, were identified as underdeveloped but high-value groups, helping to expand the company's addressable market. Pricing actions well-received: New pricing structures were implemented, particularly in the fourth and first quarters, resulting in higher average ticket values. Management reported no negative impact on exam-to-purchase conversion rates or Net Promoter Scores, suggesting customer acceptance of higher price points and an ability to offset inflationary pressures such as tariffs. Product mix modernization: The company began introducing more branded and higher-priced frames, including launches of L.A.M.B. and Ted Baker eyewear. Management noted that after the second quarter, the proportion of frames priced above $99 will double compared to the end of last year, aiming to attract a broader customer base and enhance the in-store experience. Digital and remote exam adoption: Approximately two-thirds of stores now offer remote eye exams, allowing more efficient use of optometrist resources and helping ensure broad store coverage. This technology is now embedded in operations, and management expects further efficiency gains over time. Leadership transition and new hires: The company announced a planned CEO succession, with Alex Wilkes set to take over from Reade Fahs. Other recent leadership additions include CFO Chris Laden and new executives with backgrounds in retail and healthcare, supporting the transformation agenda and operational execution. National Vision's outlook is shaped by continued transformation initiatives, evolving customer preferences, and the need to manage external cost pressures such as tariffs. Enhancing customer experience: Management is rolling out new digital selling tools, improving CRM systems, and personalizing marketing to better engage higher-value customer segments. These investments are intended to drive sales growth and foster customer loyalty as the market becomes more competitive. Tariff mitigation and cost control: The company is preparing for potential increases in tariffs on imported frames, with less than 10% of its cost of goods exposed to China. Management believes that pricing actions and ongoing cost reduction efforts can offset these headwinds, but notes the situation is fluid and not yet fully reflected in guidance. Store optimization and product innovation: Efforts to optimize store formats, test smaller locations, and introduce new branded products are expected to broaden the customer base and improve store economics. National Vision is also investing in associate training and evolving its assortment to support higher average ticket values and margin resilience. In the coming quarters, the StockStory team will be watching (1) the impact of ongoing product launches and pricing actions on average ticket values and customer mix, (2) execution of digital marketing and CRM enhancements to drive personalized engagement, and (3) the company's ability to manage cost pressures, particularly if tariffs on imported frames increase. Progress on store optimization and expansion will also be important signposts. National Vision currently trades at a forward P/E ratio of 34.8×. Is the company at an inflection point that warrants a buy or sell? The answer lies in our full research report (it's free). Donald Trump's victory in the 2024 U.S. Presidential Election sent major indices to all-time highs, but stocks have retraced as investors debate the health of the economy and the potential impact of tariffs. While this leaves much uncertainty around 2025, a few companies are poised for long-term gains regardless of the political or macroeconomic climate, like our Top 6 Stocks for this week. This is a curated list of our High Quality stocks that have generated a market-beating return of 183% over the last five years (as of March 31st 2025). Stocks that made our list in 2020 include now familiar names such as Nvidia (+1,545% between March 2020 and March 2025) as well as under-the-radar businesses like the once-micro-cap company Tecnoglass (+1,754% five-year return). Find your next big winner with StockStory today. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data