National Vision Holdings, Inc. (NASDAQ:EYE) Q2 2023 Earnings Conference Call August 10, 2023 8:30 AM ET

Company Participants

Angie McCabe - IR

Reade Fahs - CEO, President & Director

Melissa Rasmussen - SVP, CAO & CFO

Patrick Moore - SVP & COO

Conference Call Participants

Katharine McShane - Goldman Sachs Group

Michael Lasser - UBS

Anthony Chukumba - Loop Capital Markets

Dylan Carden - William Blair & Company

Michael Vu - Barclays Bank

Richard Reid - Wells Fargo Securities

Brian Tanquilut - Jefferies

Operator

Good day, and thank you for standing by. Welcome to the Q2 2023 National Vision Holdings Earnings Conference Call. [Operator Instructions].

I would now like to hand the conference over to your speaker today, Angie McCabe, Investor Relations. Please go ahead.

Angie McCabe

Thank you, and good morning, everyone. Welcome to National Vision's Second Quarter 2023 Earnings Call. Joining me on the call today are Reade Fahs, CEO; and Melissa Rasmussen, CFO. Patrick Moore, COO, is also with us and will be available during the Q&A portion of the call.

Our earnings release issued this morning and the presentation accompanying our call are both available in the Investors section of our website, nationalvision.com. A replay of the audio webcast will be archived in the Investors section after the call.

Before we begin, let me remind you that our earnings material and today's presentation includes forward-looking statements as defined in the Private Securities Litigation Reform Act of 1995. These statements are subject to risks and uncertainties that could cause actual results to differ materially from our expectations and projections. These risks and uncertainties include, but are not limited to the factors identified in the release and our filings with the Securities and Exchange Commission. The release and today's presentation also include certain non-GAAP measures. Reconciliation of these measures is included in our release and the supplemental presentation.

We also would like to draw your attention to Slide #2 in today's presentation for additional information about forward-looking statements and non-GAAP measures. As a reminder, National Vision provides investor presentation and supplemental materials for investor reference in the Investors section of our website.

I will now turn the call over to Reade.

Reade Fahs

Thank you, Angie. Good morning, everyone. Thank you all for joining us today. As you likely saw on July 26, we announced our preliminary second quarter financial results in conjunction with the news that our partnership with Walmart will be ending in 2024. This morning, I'll provide some highlights from the second quarter, update you on the progress we're making on our key strategic initiatives with particular emphasis on how we're expanding exam capacity and provide some color on the Walmart transition. Then, Melissa will review our second quarter financial results and 2023 outlook in more detail.