National Vision sees CapEx 4%-5% of revenue through 2030

Investment over the next five years will be strategically phased, with 2026-2027 focused on transformation initiatives and 2028-2030 unit growth is expected to accelerate, while investments in growth initiatives continue. Between 2026 and 2027, the company intends to invest in its growth initiatives and expects to open approximately 30 stores per year during this period. Between 2028 and 2030, the company expects to accelerate new store unit growth to approximately 60 stores per year and continue investment in its growth initiatives.