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DULUTH, Ga.—National Vision Holdings, Inc. (NASDAQ: EYE) announced yesterday that it has entered into an amendment to its existing Management & Services Agreement (MSA) with Walmart Inc., effective July 17, 2020, that extends the current term and economics of the MSA by three years to Feb. 23, 2024. National Vision currently operates 231 Vision Centers inside select Walmart locations. As part of this amendment, the MSA will automatically renew for an additional three-year term unless either party provides notice within seven months of the end of the initial term.

"We are honored and excited to extend our long-standing partnership with Walmart for another three years," said Reade Fahs, National Vision's CEO. "This contract extension is just another great part of this year’s celebration of our 30th year of optical partnership with Walmart."

Additionally, the company said it has successfully completed the transition to its management of the five additional Vision Centers granted in January 2020, as VMAIL reported.