I'd thank times. everyone all you adverse to like for today. morning, during Thank well doing is that you, and We us everyone. hope Good staying David. these joining safe
careers. June. successful, was our gradual highlight our that represented of completed Turning our our the history most key to of stores by eventful to one respective in quarter the company's reopening safe early Slide was the periods and quarter and second X; The
and that in and which expanded protocols to the Also, training. health that all equipment, safely All an successfully face in environment been approach we of our integrated six have personal we of protocols customers to We operations a into some through well open heightened during social weeks stores. the patients serve and safety-first safety has COVID-XX a and have dictates, and for the public and our beginning during be our pandemic stores in stores procedures, to may cleaning effective protective believe while cross-functional this adjustments store policy pandemic. committee environment implemented operate mid-March, the disinfecting remain in our were believe duration. adopted its developed needed operations regardless time, the we of we to as about safety include remainder that continue These our positioned distancing are of required coverings closed COVID-XX store
officers. Turning and executive to returned stores X; including furloughed normal compensation associates operations. and our across brought and the open early been organization, since have We've back more hours June, toward normalized Slide
to after temporary our We last liquidity have highly also our note in this sheet, confident balance new of are our resumed stores strengthened release. successful following in liquidity pause the a pandemic. with activity. we flexibility we navigate a offering In May, opening the financial week our improved and in With earnings convertible significantly
our actions During the reopening and long-term focused toward last the have successful business. of several on and months, our return we decisions our
people. for believe our the our onetime in work pay We past bonus is of July this appreciation our appreciative under payment for $XXX and decision exceptional was of ongoing our of that example providing difficult to few their life-giving to culture consistent network over with this months. Another focus a and associates goal doctors front-line circumstances
Turning me to trends briefly on touch Slide let second in the quarter. X,
last loss of nearly the this versus decreased Adjusted QX unearned in the a $X.XX to XX% net quarter. comparable to revenue. XX% XX.X% year. Our revenues store EPS results down closures reflected during the with sales of of growth the pandemic. was Adjusted significant impact store due $X.XX temporary decline decreased timing a of profit the
performance each I'll June reopened speak for a the increase comp minutes. stores, more we to increase the a NVI. in culminating best XX XX.X% trends with month in as my in at improved years few Our reported comp
new quarter, and we our the opened During ended pause stores. store in growth XX
store now approaching Our network X,XXX locations. is
three me our economic moment a the contract take to Walmart Let partnership. Two ago, for current our about with we terms. talk weeks Walmart extended with another years
are relationship and with XXXX. honored long-standing to extend Walmart our excited We into
for partner and long For XX continuing look years, we mission, to the a has our into been future. that Walmart forward our and great company
We're NVI Walmart to During Walmart QX, our was to the in in XX we granted years. stores results first family. transitioned encouraged these early and by stores see the January, to Walmart time future to over Vision which contract them This us Centers, We that stores management. five potential of welcome additional were the added as for initial pleased these tremendous NVI well. the date to
of history economic Turning amid as Slide broader chart to our health business shows, X, challenge. has even a the
provider of in XXXX, XXXX an business Great the of generated during attract necessity, Recession believe, low-cost We the During positive each comps challenges. medical a as even larger slice are and economic we digits public to mid-single of positioned to the low- the do our upcoming the quarter. American well
two patients that exam; believe glasses historically paying brands, Our at values Eyeglass back that them higher comprehensive go our available incredible introductory represents our a two have same-day, for it and be offers $XX.XX for $XX including and two ever will again. attracted at for our free products, that prices stores value-priced to they Best, for once with to World to hard growth tried customers America's we have and
Another been current industry favor that segment two The particular. retailers chains like better-capitalized favor Vision. and in over value in the decades of last remains optical these factor the shift National larger, trends consistency has We fragmented. hasten retail industry value environment believe the should and optical highly underpinning our the
continue I there large a year front than COVID. opportunity prior also next as We not even and there in be to an potentially, were we to of overall, see than would were in surprised larger opportunity Thus, locations before. the quarter, last us if, optical U.S. fewer noted
the of temporary stores the from QX of reflected XX.X% from to two was entire comps of the Once XXXX stores public most locked experienced closing comps stores quarter, which Turning declined resulting customers, into trends. network was patients in and to being first and of In our SX opened, April for the fully tale demand and our and periods. store month of respectively, consistently May. XX.X%, months another strong X June of XX.X%. our our our The turned comp results
that The in we to to are strongly serve. pleased have and the Our similar continue recent sales after reopening testament we essential experienced health in play we're trends business care see momentum the a rebounded we throughout June, July. communities role
of and the state by operational and the our Our attractive offerings, value navigation combined long-tenured management team. micro given economy, macro the
markets, In consistent operations. subset adjustments with made hotspots. a terms of has mentality, And stores in of modest safety-first remained our geographic across consistent have to in even our we performance, COVID-XX hotspots, generally temporary customer demand in COVID
our As the insights. with we've recent away have results, come we analyzed following
First, benefits we well have results as believe demand lockdowns stimulus that the government pent-up strong the by payments. during been from sales as helped
these factors would benefits expect these of we is as comps predict, to normalize to our duration hard moderate. the While
we day-by-day of Second, these the to effectively adjustments. and can execution both precise duration level including of comps reopening, the during confident and also navigation operate our We store pandemic. operational the down from that safely planning resulted remain
protocols. are a distancing, operating environments of we as of demonstrate the new recognizing our are well our they social Slide Finally, in and patients store-based comfortable demand customers that operating with X. purchase as Shifting believe world we and behavior that our to
to initiatives me are our to Let pandemic. navigating how update business core we adapt and the our
we XX now efforts in total to opened and new stores after stores this Year-to-date, and mid-March, our expect year. First, open real XX our a opened new and this between resumed stores store we've quarter. paused of openings XX we XX estate
X store from this All include do Walmart. of respective additional these Centers we Vision not transitioned counts quarter that the
are appreciative partners, stores with, of, We the while real our were including we've from support closed. received estate pleased our and
pipeline into retail the XXXX. believe estate solid ahead, for given landscape, the the real look we dynamic of we and As year remainder our is
sales store to Turning comparable growth.
have in consumer Our an environment. reopened to stores operate unprecedented
strong offer optical fact services of our the essential necessity. medical However, reminder been medical the a we an the and has response are to reopened customer truly products stores that
from we emerge role patients to continue that as in and U.S. play share we more multiple store comparable our beyond key optometrists sales demand success the drive care stores COVID to mission and expect to our heard growth. to improved levers throughout deliver me customers. enjoy ever As This became robust to the reopened we calls, eye you've pandemic, a past fact On evident
network optometrists to to rise Our continues challenge. this of
optometrist recruitment and retention invest to our continue We in programs.
optometrist-centric an the that we well in retention focus we optometrists optometrists' company. and decision during the Our high ODs not levels that further safety-first demonstrate believe the remain continue investments as the reinforces our our the our as at that of are salaries maintaining value to pandemic. furloughing compensate closure We during near-record optometrist rates made to fact store
noted only beginning demand that in pre begun we again have been we organic have up much in July seeing spend very closed and gradually ramp June to we had our marketing in we did The last stores advertising As were and significantly not meant efforts while quarter, we pandemic. as advertising curtailed to nearly June. as were
when our monitor marketing to environment to the increase and customer and continue will demand We would gradually expect investments warranted.
these care, tied partnerships managed thus, of revenue of June net see to strong we to and revenue, vision to in are terms our as we remains growth category. underdeveloped relative to the Net tied revenue insurance In a minority reopened. continued we
tend further in ongoing opportunity co-pays than We see as dollars continue an go managed our to and care to stores here elsewhere.
of we a key of a our that have lab operations, In other remains low-cost terms been aspects provider. network our reason
the while we a adeptly e-commerce ramped stores spike quarter, demand. in we experienced our to rebounded, As up lab our orders business meet Last noted were that networks closed.
continue acceleration pre-COVID rate an order we to stores moderated reopened, the experience levels. has While as from
well, In pilots are their medicine remote we our continuing with pleased are as and progress. addition,
over who our our been following and to safely To summarize, that reporting stores to Before serve from awaiting listening I the me away say Patrick, you success take the this customers many are reopening call hope initial quite turn we call. return. patients I to in be that our the happy have to let
positioned with the safety operate protocols reopening success. a essential duration. well retailer an of regardless place We're in store pandemic the during Our as been to has
position. and our financial solidified liquidity have resources We
with other previous proven we seller a team low-priced veterans on potential medical downturns optical side that a has and and necessity been executing this pandemic. resilient of as operate the of a the initiatives our business larger thoughtfulness opportunity of have a see both We rigor and the for in
reasons, a company. that we will from emerge an stronger I'm these through pandemic all Vision navigate confident uncertain National environment as For the
Patrick. to Now