National Vision (EYE)

National Vision (EYE)

Postby winston » Thu Oct 22, 2020 9:23 pm

THIS VISION RETAILER CLIMBS BACK AFTER COVID-19 CLOSURES

Today, we're looking at a retail-driven company that's bouncing back from store closures...

As regular readers know, many businesses experienced disruptions and delays this year due to coronavirus, while some even had to shutter their doors permanently.

The retail sector has taken an especially huge hit. But today's chart shows a retailer that's seeing improvements...

National Vision (EYE) is a $3.4 billion glasses and contact-lens company. COVID-19 forced its stores to close in March, and the company's revenues have taken a beating.

However, National Vision was able to reopen in June. And it has since seen demand for its products start to recover...

The company reported that June comparable store sales grew 19%, showing that customers still need eye exams, eyeglasses, and contact lenses – even during a pandemic.

As you can see in today's chart, EYE has reached an all-time high. Since their March lows, shares have soared more than 200%. Customers are willing to spend money on health-related retail – and this should continue as we navigate the pandemic...

Source: Daily Wealth
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