The Law Offices of Frank R. Cruz Announces Investigation of National Vision Holdings, Inc. (EYE) on Behalf of Investors
The Law Offices of Frank R. Cruz Announces Investigation of National Vision Holdings, Inc. (EYE) on Behalf of Investors
LOS ANGELES--(BUSINESS WIRE)--The Law Offices of Frank R. Cruz announces an investigation of National Vision Holdings, Inc. (“National Vision” or the “Company”) (NASDAQ: EYE) on behalf of investors concerning the Company’s possible violations of federal securities laws.
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On November 10, 2021, in connection with its third quarter 2021 financial results, National Vision tightened its fiscal 2021 sales outlook (but did not change its earnings guidance), indicating that the Company was suffering from a substantial deterioration in profit margins during fourth quarter 2021.
On this news, the Company’s stock price fell $8.30, or 13%, to close at $55.22 per share on November 10, 2021, thereby injuring investors.
Then, on May 9, 2022, National Vision issued its first quarter 2022 financial results, disclosing that the Company’s net revenues had decreased 1.2% to $527.7 million, its adjusted CSS had fallen 6.8%, net income had decreased 30.6% to $30.1 million, and its diluted EPS had decreased 28.2% to $0.34. The Company also adjusted its 2022 outlook, indicating that it was performance worse in terms of profits and earnings than before the pandemic.
On this news, National Vision’s stock price fell $8.34, or 25.7%, to close at $24.93 per share on May 10, 2022, thereby injuring investors further.
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If you purchased National Vision securities, have information or would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Frank R. Cruz, of The Law Offices of Frank R. Cruz, 1999 Avenue of the Stars, Suite 1100, Los Angeles, California 90067 at 310-914-5007, by email to info@frankcruzlaw.com, or visit our website at www.frankcruzlaw.com. If you inquire by email please include your mailing address, telephone number, and number of shares purchased.
This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.
Contacts
The Law Offices of Frank R. Cruz, Los Angeles
Frank R. Cruz, 310-914-5007
fcruz@frankcruzlaw.com
www.frankcruzlaw.com
