DULUTH, Ga. - National Vision Holdings, Inc. (NASDAQ:EYE) announced key leadership changes and reported second quarter earnings that surpassed analyst expectations.
The company appointed Alex Wilkes as President, effective August 19, 2024. Wilkes joins from CooperVision, where he served as President of the Americas. Additionally, National Vision disclosed that Patrick Moore, Chief Operating Officer, plans to retire at the end of 2024.
For the second quarter, National Vision reported adjusted earnings per share of $0.15, beating the analyst estimate of $0.09 by $0.06. Revenue came in at $451.7 million, slightly above the consensus estimate of $451.35 million and up from the same quarter last year.
CEO Reade Fahs expressed enthusiasm about Wilkes joining the company, stating, "His depth of experience across all areas of the optical industry, proven track record driving sales and profit growth and strategic acumen make him an ideal fit as our President."
Regarding Moore's retirement, Fahs commented, "Patrick has been instrumental in leading several business transformation efforts, beginning with our IPO in 2017. In his tenure as COO, he has implemented an operational rigor that will enable us to continue to execute against our strategic initiatives."
National Vision operates over 1,200 stores across 38 states and Puerto Rico under brands including America's Best and Eyeglass World.
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