Facebook. Further, consistent with our presentation of Adjusted Operating Income, we no longer exclude new store pre-opening expenses and non-cash rent from our presentation of Adjusted EBITDA and Adjusted Diluted EPS. 1 - For the 13 weeks and 52 weeks ending December 26, 2020, respectively 2 - Includes amortization of acquisition intangibles of approximately $1.9 million and $7.4 million for the 14 weeks and 53 weeks ending January 2, 2021 respectively 3 - Before the impact of gains or losses related to hedge ineffectiveness and charges related to amortization of debt discounts and deferred financing costs 4 - Excluding the impact of stock option exercises. Expenses related to our secondary public offerings for the three and nine months ended September 28, 2019 and September 29, 2018, respectively. Expenses associated with settlement of litigation. Brand-level comparable store sales growth is calculated based on cash basis revenues consistent with what the CODM reviews, and consistent with reportable segment revenues presented in Note 11. This decrease as a percentage of net revenue was primarily driven by lower advertising investment and lower stock-based compensation expense. Search. © 1999-2021 National Vision Holdings, Inc. National Vision Holdings, Inc. Following our March closings, we are pleased […] Management supplements GAAP results with non-GAAP financial measures to provide a more complete understanding of the factors and trends affecting the business than GAAP results alone. National Vision Holdings, Inc., through its subsidiaries, operates as an optical retailer primarily in the United States. A telephone replay will be available shortly after the broadcast through Thursday, November 12, 2020, by dialing 855-859-2056 from the U.S. or 404-537-3406 from international locations, and entering conference passcode 8282008. Quarterly, year-to-date and annual adjusted comparable store sales are aggregated using only sales from all whole months of operation included in both the current reporting period and the prior reporting period. Announces Proposed Private Offering of $350 Million Aggregate Principal Amount of Convertible Senior Notes due 2025, National Vision Holdings, Inc. Reports First Quarter 2020 Financial Results, National Vision Holdings, Inc. National Vision Holdings, Inc. (NASDAQ: EYE) (National Vision or the Company) today reported its financial results for the second quarter ended June 27, 2020. National Vision has 11,781 employees at their 1 location and $1.72 B in annual revenue in FY 2019. In Thousands, Except Earnings Per Share (Unaudited) When a partial month is excluded from the calculation, the corresponding month in the subsequent period is also excluded from the calculation. As a percentage of net revenue, costs applicable to revenue increased 10 basis points to 46.9% from 46.8% for the same period of 2019. National Vision Holdings, Inc. conducts substantially all of its activities through its direct, wholly-owned subsidiary, National Vision, Inc., which we refer to herein as “NVI,” and NVI’s subsidiaries. Costs applicable to revenue (exclusive of depreciation and amortization): Selling, general and administrative expenses, Unrealized gain (loss) on hedge instruments, Tax provision (benefit) of unrealized gain (loss) on hedge instruments, National Vision Holdings, Inc. and SubsidiariesCondensed Consolidated Statements of Cash FlowsFor the Nine Months Ended September 26, 2020 and September 28, 2019In Thousands(Unaudited). Please see “Non-GAAP Financial Measures” and “Reconciliation of Non-GAAP to GAAP Financial Measures” below for more information. In Thousands, Except Par Value Information Accordingly, we believe that Adjusted Comparable Store Sales Growth provides timely and accurate information relating to the operational health and overall performance of each brand. Reflects other expenses in (k) above, except for our share of losses on equity method investments of $0.2 million for the three months ended September 28, 2019 and $1.2 million for the nine months ended September 28, 2019. As we enter the fourth quarter, while significant uncertainty remains, we are off to a strong start as the third quarter comp momentum continued throughout October. The Company is not able to reconcile these forward-looking non-GAAP measures to GAAP without unreasonable efforts because it is not possible to predict with a reasonable degree of certainty the actual impact of certain items and unanticipated events, including taxes and non-recurring items, which would be included in GAAP results. Net income decreased 96% to $1.2 million compared to net income of $28.9 million for the same period of 2019. National Vision Holdings, Inc. and Subsidiaries Reconciliation of Non-GAAP to GAAP Financial Measures For the Three and Six Months Ended June 27, 2020 and June 29, 2019 Condensed Consolidated Balance Sheets. The stock’s fifty day simple moving average is $43.34 and its 200-day simple moving average is $36.24. There are two differences between total comparable store sales growth based on consolidated net revenue and Adjusted Comparable Store Sales Growth: (i) Adjusted Comparable Store Sales Growth includes the effect of deferred and unearned revenue as if such revenues were earned at the point of sale, resulting in the following changes from total comparable store sales growth based on consolidated net revenue: an increase of 0.9% and an increase of 0.6% for the three months ended September 26, 2020 and September 28, 2019, respectively, an increase of 0.5% and an increase of 0.3% for the nine months ended September 26, 2020 and September 28, 2019, respectively; and (ii) Adjusted Comparable Store Sales Growth includes retail sales to the Legacy partner’s customers (rather than the revenues recognized consistent with the management & services agreement with the legacy partner), resulting the following changes from total comparable store sales growth based on consolidated net revenue: a decrease of 0.1% and a decrease of 0.1% for the three months ended September 26, 2020 and September 28, 2019, respectively, and an increase of 0.1% and a decrease of 0.2% for the nine months ended September 26, 2020 and September 28, 2019, respectively. The presentations of these measures have limitations as analytical tools and should not be considered in isolation, or as a substitute for analysis of our results as reported under GAAP. We undertake no obligation to publicly update or review any forward-looking statement, whether as a result of new information, future developments or otherwise, except as required by law. 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