This tracker measures sales trends comparing pre-pandemic, during the pandemic, and post-pandemic.

We selected 1,500 optical locations that have been operating and reporting their sales to our partners, GPN and ABB Analyze, since 2019. We re-based the index to an average week in 2019. This new index base will be used as an arbitrary benchmark and assigned a value of 100.

GROSS REVENUE TREND

The national average for gross revenue at ECP locations decreased last week (May 8th –May 14th) when compared with the previous week at a rate of -2 index points. That places gross revenue at a level 4 index points above where it was at this point in time (Week 20) when compared with last year (2022), 11 points above the same period in 2021, 46 points above 2020 (when COVID stay-at-home restrictions were in place), and 16 points above 2019.

BUSINESS METRICS

Most optical sales categories decreased last week when compared with the previous week at a rate of -2 index points for gross revenue, frame units, and lens pairs. Exams/refractions and contact lenses remained flat. When comparing last week’s optical sales with the same period last year, most categories were up or flat besides one, from the greatest increase of 4 index points for gross revenue to the only decrease of -2 index points for contact lenses. The other categories increased at rates of 1 index point for frame units and 2 index points for lens pairs. The only category that remained flat was exams/refractions.

SNAPSHOT

With most optical sales categories decreasing last week, only one of the categories still reached a level at or above an average week in 2019 (the index baseline assigned a value of 100 for this Optical Business Tracker). These ranged from a high of 114 index points for gross revenue to a low of 89 index points for contact lenses. The other three categories reached 94 index points for exams/refractions, 98 index points for frame units, and 98 index points for lens pairs.

*The index baseline was developed by Jobson Research from total sales from an average week in 2019. This index baseline is equivalent to a score of 100. All other time periods going forward are calculated as a percent increase or decrease from the 100 baseline index of that period. This index is intended to show directional and magnitudinal change that the market is experiencing. Actual index scores are arbitrary meaning the baseline of 100 is simply used as a benchmark. Jobson Research shall not be held liable for any use or misuse of the data described and/or contained herein.

Please note that practices that use practice analytic systems tend to skew a bit larger and have higher revenue than practices that do not.

Source: GPN/EDGEPro and ABB Analyze contributed anonymous sales data used to determine gross revenue, exams/refractions, frame units, lens pairs, and contact lens boxes. Data was collected from approximately 1,500 independent eye care practices.

For more information from Jobson Research contact jwaller@jobson.com,

you may also reach out to GPN/EDGEPro and ABB Analyze directly.