Shares of National Vision Holdings Inc. fell more than 11% in the extended session Wednesday after the optical retailer operating brands such as America’s...
Shares of National Vision Holdings Inc. EYE fell more than 11% in the extended session Wednesday after the optical retailer operating brands such as America’s Best and Eyeglass World said that its contract with Walmart Inc. WMT won’t be renewed after it ends in February.
That includes supplying and operating “vision centers” in some Walmart stores, providing contact lens distribution and related services to Walmart and its affiliate, and optometry services at some Walmart locations in California, the company said. “We value and appreciate the contributions that our partnership with Walmart has had in helping us grow National Vision over the past three decades,” Chief Executive Reade Fahs said in a statement.
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