National Vision Holdings (EYE) stock plummeted 11.65% during intraday trading on Wednesday.
The sharp decline followed the company's release of its first-quarter 2026 financial results, which showed revenue of $543.9 million, missing the analyst consensus estimate of $545.173 million. While the company reported adjusted earnings per share of $0.45, beating the estimate of $0.43, the revenue shortfall disappointed investors.
Furthermore, the company reiterated its fiscal 2026 guidance, projecting revenue in a range that brackets the FactSet consensus estimate and adjusted EPS within a range that also brackets the consensus. This outlook was perceived by the market as cautious, contributing to the negative sentiment and the stock's significant decline.