National Vision Holdings, Inc. Earnings Per Share Disclosure
| In thousands, except EPS | Fiscal Year 2025 | Fiscal Year 2024 | Fiscal Year 2023 | ||||||||||||||
| Numerator | |||||||||||||||||
| Income (loss) from continuing operations, net of tax | $ | 29,600 | $ | (27,165) | $ | 3,546 | |||||||||||
| Income (loss) from discontinued operations, net of tax | — | (1,334) | (69,447) | ||||||||||||||
| Net income (loss) | $ | 29,600 | $ | (28,499) | $ | (65,901) | |||||||||||
| Denominator | |||||||||||||||||
| Weighted average shares outstanding, Basic | 79,131 | 78,592 | 78,313 | ||||||||||||||
Dilutive effect of share-based awards (1) | 1,445 | — | 283 | ||||||||||||||
| Weighted average shares outstanding, Diluted | 80,576 | 78,592 | 78,596 | ||||||||||||||
| Basic earnings (loss) per share | |||||||||||||||||
| Continuing operations | $ | 0.37 | $ | (0.35) | $ | 0.05 | |||||||||||
| Discontinued operations | $ | — | $ | (0.02) | $ | (0.89) | |||||||||||
| Total | $ | 0.37 | $ | (0.36) | $ | (0.84) | |||||||||||
| Diluted earnings (loss) per share | |||||||||||||||||
| Continuing operations | $ | 0.37 | $ | (0.35) | $ | 0.05 | |||||||||||
| Discontinued operations | $ | — | $ | (0.02) | $ | (0.88) | |||||||||||
| Total | $ | 0.37 | $ | (0.36) | $ | (0.84) | |||||||||||
| Anti-dilutive securities excluded from diluted weighted average common shares | 712 | 8,771 | 12,513 | ||||||||||||||
(1) Represents the dilutive impact of RSUs, PSUs and stock options | |||||||||||||||||
| Some of the EPS totals in the table above may not foot due to rounding differences | |||||||||||||||||
Historical Timeline
| Fiscal Year | Filed | |
|---|---|---|
| 2026 | Mar 4, 2026 | Showing above |
| 2024 | Feb 26, 2025 | |
| 2023 | Feb 27, 2024 | |
| 2022 | Feb 28, 2022 | |
| 2021 | Mar 3, 2021 | |
| 2019 | Feb 26, 2020 | |
| 2018 | Feb 27, 2019 | |
| 2017 | Mar 8, 2018 | |
About Earnings Per Share Disclosures
The earnings per share disclosure breaks down the calculation from net income to both basic and diluted EPS, revealing the full impact of a company's capital structure on per-share economics. The reconciliation between basic and diluted share counts exposes how many stock options, RSUs, convertible securities, and warrants are potentially dilutive to existing shareholders.
Key signals: a widening gap between basic and diluted shares indicates growing dilution from equity compensation or convertible instruments. Anti-dilutive securities excluded from the diluted calculation deserve attention — they represent latent dilution that will materialize if the stock price rises. Watch for the effect of share buybacks on per-share metrics: EPS growth driven primarily by repurchases rather than income growth signals weakening fundamentals. Compare year-over-year changes in the diluted share count against equity compensation expense to assess whether management is effectively managing dilution.