NEW YORK, Feb. 10, 2023 (GLOBE NEWSWIRE) -- Kaplan Fox & Kilsheimer LLP (www.kaplanfox.com) is investigating claims on behalf of investors of National Vision Holdings, Inc. (“National Vision” or the “Company”) (NASDAQ: EYE), an optical retailer. A complaint has been filed on behalf of investors who purchased National Vision common stock between May 13, 2021 and May 9, 2022 (the “Class Period”).
If you acquired National Vision common stock during the Class Period and would like to discuss this case or our investigation, please click here. Or, you may contact us by emailing pmayer@kaplanfox.com or by calling (646) 315-9003 or our toll free number 1 (800) 290-1952.
If you are a member of the proposed Class, you may move the court no later than March 28, 2023 to serve as a lead plaintiff for the purported class. If you have losses, we encourage you to contact us to learn more about the lead plaintiff process.
The complaint alleges that throughout the class period, the Company highlighted favorable financial and operating trends, repeatedly raising the Company’s guidance, claiming that the Company was skillfully navigating the pandemic and had largely avoided the labor disruptions that were impacting other retailers.
Further, the complaint alleges that unbeknownst to investors National Vision was struggling to retain and recruit critical healthcare staff sufficient to keep up with surging customer demand. Ultimately, National Vision allegedly failed to adequately address the Company’s retention and recruitment crisis, causing the Company to suffer a pronounced optometrist shortage by the first quarter of 2022, materially negatively impacting the Company’s financial and operational results and prospects.
On May 10, 2022, according to the complaint, National Vision issued deeply disappointing financial and operational results for its first fiscal quarter of 2022 and revealed “emerging constraints to exam capacity.”
Following the news, National Vision common stock fell $8.64 per share, about 26%, to close at $24.93 per share on May 10, 2022.
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If you have any questions about this Notice, your rights, or your interests, please contact:
Pamela Mayer
KAPLAN FOX & KILSHEIMER LLP
850 Third Avenue, 14th Floor
New York, New York 10022
(646) 315-9003
E-mail: pmayer@kaplanfox.com
Laurence D. King
KAPLAN FOX & KILSHEIMER LLP
1999 Harrison Street, Suite 1560
Oakland, California 94612
(415) 772-4704
Fax: (415) 772-4707
E-mail: lking@kaplanfox.com
