Latest news with #Fahs
Yahoo
8 hours ago
- Business
- 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
Yahoo
a day ago
- Business
- Yahoo
Business of the Week: Fahs Construction Group
TOWN OF BINGHAMTON, N.Y. (WIVT/WBGH) – Fahs Construction Group is the Greater Binghamton Chamber Business of the Week. Fahs is a general contractor and commercial paving company that oversees large projects for schools, hospitals, universities, senior living communities, and large apartment complexes. It was founded in 1946 by Maynard Fahs Sr. and his brother Glenn. For its first nearly 50 years, its focus was on paving, both for businesses and large highway projects. In 1992, it began doing general construction, which is now the main part of its business. CEO Rich Gangemi says Fahs has talented employees using the most up-to-date equipment. 'Our systems we have in place on the project management side, information flows seamlessly throughout this office, as well as to the architect, to the owners on the project so that everybody's up to speed and everything is current and up to date,' said Gangemi. Gangemi says Fahs prides itself on supporting local non-profits such as the YWCA and Broome County Community Charities. He says it's currently looking to expand the amount of work it does for the private sector. News 34 Pizza Week returns 72-year-old biker travels U.S. to raise money for American Cancer Society Security Mutual Week begins in Binghamton Meldrim's Paint hosts grand opening celebration Business of the Week: Fahs Construction Group Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
Yahoo
27-05-2025
- General
- Yahoo
Think That DIY Acne Trick Is Helping? Here's What Dermatologists Want You to Know
Board-certified dermatologist provides tips for clearer skin ahead of Acne Awareness Month ROSEMONT, Ill., May 27, 2025 /PRNewswire/ -- Acne is one of the most common skin conditions, affecting nearly 85% of people at some point in their lives. With people increasingly turning to social media for skin care advice, at-home acne hacks have become viral, but not all are safe or effective. Ahead of Acne Awareness Month in June, Michigan-based board-certified dermatologist Fatima Fahs, MD, FAAD, breaks down what really works and what could make things worse. "Everyone's skin is different, and treating acne isn't a one-size-fits-all solution," said Dr. Fahs. "That's where expert care makes all the difference. A board-certified dermatologist can identify your specific type of acne and recommend the most effective treatment for your skin." Different Types of Acne Acne can appear in different ways, including blackheads, whiteheads, pimples, and deeper cysts or nodules. While it's not contagious, acne can significantly impact a person's self-esteem and, if left untreated, may lead to permanent scarring. There are different types of acne, including the following common forms: cystic acne, fungal acne, and hormonal acne. Cystic acne is a severe form of acne in which large, painful cysts form deep under the skin, according to Dr. Fahs. It develops when oil and dead skin cells clog your pores, which triggers inflammation and infection from bacteria. If untreated, it can lead to scarring, which is why it's important to consult with a board-certified dermatologist before it gets worse. Not all acne, however, is caused by bacteria. "Fungal acne," known medically as Pityrosporum folliculitis, is caused by an overgrowth of yeast in hair follicles. It appears as a series of small bumps, typically on the forehead, chest, and upper back—areas with a lot of hair follicles—and tends get worse in hot, humid environments. Hormonal acne is usually related to changes in hormone levels, particularly around the menstrual cycle, said Dr. Fahs. It typically appears as cystic or inflammatory bumps along the jawline, chin, and lower cheeks. Many patients may notice flare-ups just before their period begins. "Understanding the way your acne behaves can help you and your dermatologist come up with a treatment plan that's suitable for your unique skin," she said. "Acne that tends to be hormonal requires treatment that is very different than acne caused by yeast overgrowth. Paying attention to what flares or improves your acne can be a helpful first step in addressing the issue." Common Treatments Common acne treatments include vitamin A-based products called retinoids that unclog pores, benzoyl peroxide to reduce bacteria, and salicylic acid to ease inflammation. "When incorporating acne over-the-counter medications into your daily routine, try to keep the rest of your skin-care routine gentle to avoid irritation of the skin," said Dr. Fahs. "Most acne products can lead to dryness, so pairing them with gentle cleansers and moisturizers before and after use can ensure a healthy skin barrier." For more severe cases, dermatologists may prescribe medications such as antibiotics, hormonal treatments like birth control pills and spironolactone that help reduce the effects of hormones on excess oil production, or isotretinoin, a powerful prescription medication used to treat acne when other treatments don't work. "We approach each acne treatment based on severity and type of acne," said Dr. Fahs. "Each medication plays a different role, and the goal is always to find the most effective solution for that person's unique skin." Online Hacks – Do They Work? As social media continues to shape beauty and skincare routines, many acne-related trends have gone viral. While some have the potential to be helpful, Dr. Fahs warns that others may do more harm than good. Chamomile tea is often touted for its anti-inflammatory properties. While drinking chamomile may offer some skin-calming benefits due to its flavonoids (a group of natural substances found in plants that help protect the body by reducing inflammation), there isn't enough evidence to support using it as an acne treatment, said Dr. Fahs. "While I don't think it's harmful to drink a cup a night, I would recommend against using chamomile directly from tea bags on the skin, because it could cause irritation," she said. "Instead, opt for over-the-counter products that contain chamomile as an ingredient." Other social trends like using dandruff shampoo on your face may have some truth behind them but can also cause problems, said Dr. Fahs. While dandruff shampoo can help with certain forehead bumps caused by yeast, it's not made for facial skin and can lead to dryness, irritation, and more breakouts if overused. Saunas can boost blood flow and reduce stress, which might help some skin conditions, she said, but they can also make others worse and increase the risk of skin infections. "On the flip side, pimple patches do have science behind them—they help draw out fluid from pimples and stop you from picking, but they won't work on deep acne," said Dr. Fahs. "With so many tips online, it's best to be cautious and make an appointment to see a board-certified dermatologist before trying new treatments." To find a board-certified dermatologist in your area, visit More InformationAcne Resource Center About the AADHeadquartered in Rosemont, Ill., the American Academy of Dermatology, founded in 1938, is the largest, most influential and most representative of all dermatologic associations. With a membership of more than 21,000 physicians worldwide, the AAD is committed to advancing the diagnosis and medical, surgical, and cosmetic treatment of the skin, hair, and nails; advocating high standards in clinical practice, education and research in dermatology; and supporting and enhancing patient care because skin, hair, and nail conditions can have a serious impact on your health and well-being. For more information, contact the AAD at (888) 462-DERM (3376) or Follow @AADskin on Facebook, TikTok, Pinterest and YouTube and @AADskin1 on Instagram. Editor's note: The AAD does not promote or endorse any products or services. This content is intended as editorial content and should not be embedded with any paid, sponsored or advertorial content as it could be perceived as an AAD endorsement. View original content: SOURCE American Academy of Dermatology
