Financial Results
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JINS 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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Hakim 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.
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Price reductions and Southeast Asian competition pressure Arts Optical ODM business
Eyewear manufacturer Arts Optical has reported mixed results for the first half of fiscal 2024. While the topline maintained a high-single digit growth pace, reaching $606 million Hong Kong dollars (€70 m), the group’s key Original Design Manufacturing (ODM) division underperformed. Furthermore, profitability continued to decline at both gross and ...
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Japanese upmarket retail group JEH shows no signs of slowing down
JEH Holdings, operator of the Kaneko and 999.9 retail chains, posts another strong quarter as inbound tourism keeps boosting sales volumes and average prices.
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Inspecs topline down 5% in H1, rebound expected in H2
Confirming its previous guidance on a business slowdown in the first half of this year, INSPECS Group has announced that its H1 revenue declined by 7.3 percent year-on-year to £103.0 million (€122m). At constant exchange rates, sales were down by 5.2 percent versus H1 2023. Inspecs attributed the sales drop ...
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Specsavers profitability keeps declining
Specsavers has seen its profitability decline again in fiscal 2023/24, with its operating margin sliding below the 10 percent mark for the second consecutive year.
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Conant H1 sales jump 18%, plans new production plant in Thailand
The Chinese lens manufacturer has also reported profitability improvement in the period thanks to positive sales mix effects with a higher share of high added-value lenses.
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US business propels Fielmann topline over €1bn in H1 while price mix effects bolster margin gains
Driven by its US acquisitions and price-mix improvements, Fielmann Group has reported a double-digit revenue increase and significant margin improvements in H1 2024.
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Fast-growing Thai Optical Group to increase RX capacity by 25%
Lens manufacturer Thai Optical Group is planning significant investments in RX lenses production capacity increase as the segment revenue increased by 50 percent in H1 2024, driven by the Americas and Europe.
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CooperVision upgrades FY outlook again as topline momentum continues
CooperCompanies has upgraded its fiscal 2024 financial outlook for its CooperVision business unit following a second consecutive quarter of double-digit organic revenue growth.
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Synsam posts record earnings in Q2
Nordics optical retail leader group Synsam has posted record earnings on a return to double-digit revenue growth for Q2 2024, driven by fast-growing eyeglasses and contact lenses’ subscriptions.
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Mister Spex to close all international stores under new restructuring plan
Embattled German optical retailer Mister Spex is launching another restructuring plan which it expects will increase Ebitda by over €20 million in 2025 and 2026. The main measure calls for the immediate closure of all international shops.
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Warby Parker upgrades FY outlook again on good Q2 results but bottom line remains in the red
Posting a double-digit sales growth and higher profit margins for Q2 2024, US direct-to-consumer optical retailer Warby Parker has once again upgraded its full year financial outlook but long-term profitability remains a challenge.
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National Vision downgrades outlook after mixed Q2, announces stores fleet review and new president
Following lower-than-expected results for Q2 2024 and a downgrade of its full-year outlook, National Vision has announced a series of initiatives aimed at driving future profitable growth.
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Kits Eyecare revenue up 26% in Q2
Canadian-based online optical retailer posts strong sales increase across all markets and categories for Q2 2024, driven by domestic sales and the eyeglasses segment.
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HOYA temporarily puts life care unit topline recovery over bottom line target
Reporting its financial results for the first quarter of its 2024-25 fiscal year ended June 30, HOYA Corporation has announced that quarterly revenue for its life care business increased by 6.0 percent year-on-year to 135.0 billion Japanese yen (€870m). At constant currencies, the unit’s quarterly sales inched down by 2.0 ...
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Safilo topline down 3.1% in Q2 as EMEA slows down, but margins keep improving
Safilo Group revenue decline continued in Q2 2024 as the slight improvement of the company’s business in North America was offset by a sharp deceleration in the European market. However, the group’s profitability improved from 2023 in the quarter and the half year.
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Marcolin posts higher margin ratios on declining sales in H1
Despite declining sales in its two main markets – EMEA and North America – Marcolin has reported margin improvements thanks to a more luxury-oriented product mix and cost efficiencies.
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Sun Hing progress in Asia offsets sales drop in key markets but gross margin takes a hit
Eyewear manufacturer Sun Hing Vision has reported 702 million Hong Kong dollars (€83m) in group revenue for its financial year ended March 31, 2024, almost stable compared to the previous year. As was the case in fiscal 2023, the group’s topline was dragged down by declining sales from its OEM ...
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Essilux posts solid Q2 results, answers questions on Supreme, Meta
EssilorLuxottica has posted solid results for the first six months of 2024 with a continued mid-single-digit revenue progression in Q2, which was almost an exact duplicate of the Q1 performance, and gross and operating margin expansions. We cover the results in more detail in the second part of this article. ...