National Vision Holdings, Inc. (NASDAQ:EYE) Q1 2023 Earnings Conference Call May 11, 2023 8:30 AM ET

Company Participants

Caitlin Churchill - ICR

Reade Fahs - CEO, President & Director

Melissa Rasmussen - SVP, CAO & CFO

Patrick Moore - SVP & COO

Conference Call Participants

Michael Lasser - UBS

Zachary Fadem - Wells Fargo Securities

Brian Tanquilut - Jefferies

Robert Drbul - Guggenheim Securities

Adrienne Yih - Barclays Bank

Dylan Carden - William Blair & Company

Simeon Gutman - Morgan Stanley

Molly Baum - Bank of America Merrill Lynch

Anthony Chukumba - Loop Capital Markets

Brandon Cheatham - Citigroup

Operator

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

I would now like to hand the conference over to your speaker today, Caitlin Churchill of Investor Relations. Please go ahead.

Caitlin Churchill

Thank you, and good morning, everyone. Welcome to National Vision's First Quarter 2023 Earnings Call. Joining me on the call today are Reade Fahs, the 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, which will be referenced during the call, are both available on the Investors section of our website, nationalvision.com, and a replay of the audio webcast will be archived on the Investors page after the call.

Before we begin, let me remind you that our earnings materials and today's presentation include 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 presentations and supplemental materials for investor reference on the Investors section of our website.

Now let me turn the call over to Reade.

Reade Fahs

Thank you, Caitlin. Good morning, everyone. Thank you all for joining us today. Since we last spoke to you in March, we continue to execute our initiatives focused on adapting to the new realities of the post-pandemic marketplace that we believe position us to deliver improved sales and profitability while staying true to our mission to make eye care and eyewear more affordable for all. Before I review our progress on these initiatives, let me review highlights from Q1 performance.