National Vision Holdings, Inc. (NASDAQ:EYE) Q1 2022 Earnings Conference Call May 10, 2022 8:30 AM ET

Company Participants

David Mann - Vice President of Investor Relations

Reade Fahs - Chief Executive Officer

Patrick Moore - Chief Financial Officer

Conference Call Participants

Michael Lasser - UBS

Zack Fadem - Wells Fargo

Chris Neamonitis - Jefferies

Paul Lejuez - Citi

Rob Drbul - Guggenheim Securities

Adrienne Yih - Barclays

Molly Baum - Bank of America

Operator

Welcome to the National Vision Q1 Earnings Conference Call. My name is John. I'll your operator for today's call. At this time, all participants are in a listen-only mode. Later, we will conduct a question-and-answer session. [Operator Instructions] As a reminder the conference is being recorded.

Now I'll now turn the call over to David Mann.

David Mann

Thank you, and good morning, everyone. Welcome to National Vision's first quarter 2022 earnings call. Joining me on the call today are Reade Fahs, Chief Executive Officer; and Patrick Moore, Chief Financial Officer. Our earnings release issued this morning and the presentation, which will be referenced during the call, are both available on the Investor 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 in 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 in our filings with the Securities and Exchange Commission. The release and today's presentation also includes certain non-GAAP measures. Reconciliation of these measures are 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 expects to provide certain supplemental materials or presentations for investor reference on the Investors section of our website.

Now, let me turn the call over to Reade.

Reade Fahs

Thank you David. Good morning, everyone. Thank you all for joining us today. I hope you all are staying safe and healthy. The pandemic era has brought swings of both opportunity and challenge. There have been multiple chapters. And with our resilient business model along with our dedicated management team, we have successfully navigated and adapted to each one. The chapter we are in now is one of the challenging chapters. The historically consistent optical category is experiencing the impact from macro headwinds and a temporary disruption to the purchase cycle.