National Vision (EYE) Becomes the Sole Eye Care Provider on Every US Army and Air Force Base

Published on June 4, 2026 at 5:44 pm by Neha Gupta in News

National Vision Holdings, Inc. (NASDAQ:EYE) is one of the top small cap stocks with huge growth potential. On May 13, National Vision Holdings, Inc. (NASDAQ:EYE) reported its Q1 2026 financial results and stated that revenue came in at $543.9 million, up 6.6% year over year.

The CFO, Chris Laden, explained that the revenue growth came on the back of a 5.1% increase in average customer spend. However, per Laden, overall customer traffic declined 1.2%, as self-pay customers visited stores less frequently, a trend the CFO attributed to a volatile macro backdrop, including early-quarter winter storms and shifting consumer sentiment.

Adjusted EPS came in at $0.45, well ahead of the $0.43 that analysts expected. It was also higher than the $0.34 posted in Q1 2025. The CEO, Alex Wilkes, attributed the earnings beat to aggressive cost control measures the company undertook during the quarter. For example, lower payroll and advertising costs reduced selling, general and administrative expenses by 200 basis points as a percentage of revenue, Wilkes told investors on the earnings call.

The executives also highlighted the expansion of National Vision’s military partnership with the Army and Air Force Exchange Service (AAFES). Effective April 1, the company added 20 new optical locations on military bases, which made it the sole optical provider on all US Army and Air Force bases. This also brought its total AAFES footprint to 72 locations. Management noted this does not materially change 2026 financial projections.

National Vision Holdings, Inc. (NASDAQ:EYE) is an optical retail company. It provides eye exams, prescription eyewear, contact lenses, and vision care services through brands such as America’s Best Contacts & Eyeglasses and Eyeglass World.

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