All Financial results articles – Page 7
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News briefs
Vuzix remains deep in the red, announces “pivotal” CES 2025 moment
Smart eyewear manufacturer Vuzix has announced a total revenue of $1.4 million for Q3 2024, down from $2.2 million in the previous year. Sales of smart glasses products and of engineering services declined by 28 percent and 51 percent, respectively, versus 2023. Net loss for the quarter was $9.2 million, ...
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ArticleMister Spex new management hails rebranding initial results in “transition quarter”
Group revenue was down by 3 percent in Q3 but sales were slightly up in Germany and in the key prescription glasses’ product category.
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News briefs
Alcon sees contact lens sales rise 8% in Q3
Alcon reported contact lens sales of $664 million in the third quarter ended Sept. 30, up by 8 percent both on a reported and constant-currency basis, as top line growth continued to be driven by product innovation, including for toric and multifocal models, and by price increases. Alcon’s vision care ...
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News briefs
Mitsui confirms rebound in vision care materials sales
Mitsui Chemicals has announced a 16.0 percent year-on-year jump in revenue to 138.1 billion Japanese yen for its Life & Healthcare unit for the first half of its fiscal year ending March 2025, roughly in line with its growth pace in Q1. The business unit comprises the Japanese group’s vision ...
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ArticleLenskart close to break-even as revenue jumps 43% in FY2024
According to The Economic Times and several other Indian business news organizations, optical retail group Lenskart has reported a 43 percent year-on-year jump in operating revenue to Rs 5,610 crore (€625m) for its 2024 fiscal year, ended at the end of March. The group had roughly doubled its sales in ...
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ArticleWarby Parker raises guidance again as sales momentum continues
Warby Parker raised its full-year guidance for revenues and adjusted Ebitda as sales momentum continued in the third quarter and the start of the fourth. Third-quarter revenues increased by 13.3 percent year over year to reach $192.4 million, in line with the growth rate seen in the previous quarter and ...
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ArticleSafilo keeps focus on margins as sales slump persists
Safilo Group’s topline continued to slip in Q3 2024, as quarterly sales went down by 4.1 percent year on year to $225.4 million, weighed down by a stubbornly soft North American business. At constant rates, revenue decreased by 3.4 percent versus 2023, in line with the company’s performance in the ...
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ArticleNational Vision to close 39 stores, moderate new store growth after lackluster Q3
Q3 revenue was up by 2.4 percent year over year to $451 million. Adjusted operating margin remained in low-digit territory.
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ArticleKITS Eyecare reports higher profit ratios and 34% revenue hike for Q3
Full-year revenue forecast at close to 160 million Canadian dollars.
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ArticleMarcolin sales still down despite EMEA Q3 rebound, 9M margins slightly up
In line with its previous financial results Marcolin has reported slight profitability improvements for the first nine months of this year despite a continued decline in group sales, mostly related to the Americas market. Revenue in the nine-month period was down by 3.2 percent year over year to €408.0 million, ...
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ArticleSolid organic growth and US acquisitions keep Fielmann in double-digit growth gear
International markets have come to account for over a third of the German-based optical retail group. The US is already the second-largest market for the group, with annual sales projected at over €250 million.
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ArticleHOYA Life Care business returns to growth in Q2, confirming IT incident recovery
Hoya Life Care unit sales increased by 2.2 percent at constant rates in fiscal Q2, driven by ophthalmic lenses and contact lenses.
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News briefs
Bausch + Lomb sees double-digit contact lens sales growth in Q3
Bausch + Lomb reported contact lens sales of $253 million in the third quarter of 2024, up by a reported 11 percent compared to the year earlier and 12 percent higher at constant currency rates, with growth driven by daily silicone hydrogen contact lenses. Quarterly sales for the company’s vision ...
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ArticleJapanese optical retail chain goes public
Zoff, a Japanese retail chain with approximately 300 stores, went public earler this month. The company anticipates a 9 percent year-on-year revenue growth in 2024.
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ArticleDespite a slight slowdown in Q3, Kering Eyewear remains a bright spot for the group
Reporting a 4 percent increase in Q3 sales, Kering Eyewear again largely outperformed the whole Kering group, whose topline double-digit decline further accelerated.
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ArticleEssilux Q3 topline up 2% as EMEA and APAC slow down slightly
EssilorLuxottica Q3 sales were up by 4 percent year-on-year to €6.4 billion with innovations in lenses and smart eyewear contributing significantly.
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ArticleJINS revenue up double digit in FY 2024, driven by price mix
Japanese retailer posts 13.3 percent revenue hike for fiscal FY 2024 as the topline was boosted by a signicifant increase in average eyeglasses price.
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News briefs
Johnson & Johnson Q3 CL sales rise 5% as US outperforms
Johnson & Johnson posted $968 million in contact lens sales in the third quarter, up by a reported 4.2 percent compared to the year earlier and 4.7 percent higher at constant currency rates. Contact lens sales jumped by 10.2 percent in the US to $441 million, while in foreign markets ...
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News briefs
iVision Tech H1 sales rise 23% despite results adjustment
Italian eyewear supplier iVision Tech said it posted sales of €5.4 million in the first half of 2024, up by about 23 percent from the €4.4 million reported the year earlier, while the total value of production grew to €6.9 million from €4.9 million. First-half Ebitda amounted to €1.0 million, ...
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ArticleHakim Group maintained strong momentum in 2023
Group revenue jumped by 40 percent in 2023, in line with the previous year’s pace, despite fewer acquisitions.
