National Vision Holdings Reports Net Income of $23.88 Million for the Second Quarter of 2023
Company's Revenue Reaches $525.34 Million, Reflecting Steady Growth in Sales and Services
National Vision Holdings, Inc.(EYE), a leading provider of optical retai l services, has released its financial results for the second quarter of 2023, showcasing a net income of $23.88 million. The company's revenue, spanning both product sales and services, reached $525.34 million during the same period. The financial report demonstrates the company's consistent growth in both revenue and net income, reflecting its strong position in the optical retail industry.
Condensed Consolidated Balance Sheets
Current Assets Show Solid Performance
National Vision Holdings' current assets experienced growth, with cash and cash equivalents reaching $254.65 million as of July 1, 2023, compared to $229.43 million as of December 31, 2022. Accounts receivable stood at $78.90 million, while inventories totaled $120.87 million. The company's total current assets amounted to $494.29 million, reflecting a positive trajectory.
