National Vision Holdings, Inc. (NASDAQ:EYE) Q1 2024 Earnings Call Transcript

Brandon Cheatham: Got it. That makes sense. And then I was just wondering if you could talk about what surprised you to the positive side or the negative side in the quarter, did the America’s Best perform better than you expected and Eyeglass World was a little worse. And then sounds like March was below your expectations. Did you expect April to also kind of get back to mid-single-digit comp? Or is that not integrated and that you were expecting things to go?

Reade Fahs: Yes. So I’ll start with – we had hoped to see a more robust tax return piece that we’re pleased that we came in on our guide, but we had to hope to beat it. We’d hope to have another data point of good things are getting a bit back to normal. And I think that with what’s happening overall in the economy in the world with consumer sentiment that did not come about in March and April. However, we are still comping positively. So that is encouraging from that front. And according to the things that went well for us with all aspects of remote went well for us, and that was really encouraging in terms of our long-term future. And we like the reaffirmation that the white space analysis suggests that American needs ever more stores from us. And we like the fact that the pricing initiative seems to have worked out well for us. What end us was just the category was slower than we had anticipated.

Brandon Cheatham: I appreciate it. Thanks and good luck. Thank you very much.

Operator: Thank you. This concludes the Q&A session. I will now turn it back over to Reade Fahs for closing remarks.

Reade Fahs: Antoine, thank you for your help today, and thank you to the rest of you for joining us today. We appreciate your interest and support and looking forward to talking to you next on our Q2 earnings call. Thank you all very much. Have a great day.

Operator: Thank you for your participation in today’s conference. This does conclude the program. You may now disconnect.