NEW YORK, Feb. 01, 2023 (GLOBE NEWSWIRE) — The law firm of Kirby McInerney LLP announces that a class action lawsuit has been filed on behalf of the acquirers of National Vision Holdings in the U.S. District Court for the Northern District of Georgia, Inc. (” National Vision” or the “Company”) EYE Securities between May 13, 2021 and May 9, 2022 (the “Collection Period”). Investors have until March 28, 2023 to petition the court to be named lead plaintiff in the lawsuit.

National Vision is an optometrist that offers eye exams, eyeglasses, and contact lenses.

On November 10, 2021, National Vision issued a press release announcing the Company’s third quarter 2021 financial results, thereby upgrading the Company’s revenue and revenue outlook toward the high end of previously released 2021 guidance, excluding the Changing earnings outlook for the company, indicating National Vision suffered from a significant deterioration in earnings margins in the fourth quarter of 2021. That same day, National Vision held a conference call with analysts and investors, during which defendant Patrick Moore, chief financial officer and senior vice president, admitted that “lower fourth-quarter profitability” was not due to unforeseen circumstances, but to a material one Part “on the impact of wage investments made earlier this year”. As a result of this news, the price of National Vision shares fell $8.30 per share, or approximately 13.07%, from $63.52 per share to a closing price of $55.22 on November 10, 2021.

On May 10, 2022, National Vision released deeply disappointing financial and operating results for its first fiscal quarter 2022. In particular, the revised guidance indicated that the company is actually performing worse than before the pandemic in terms of earnings and earnings. As a result of this news, National Vision shares fell $8.64 per share, or approximately 25.74%, from $33.57 per share to a closing price of $24.93 on May 10, 2023.

The…