Financial Results – Page 13
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ArticleJINS revenues up 6% for the year, in spite of Q4 drop
JINS Holdings, the Japanese-based retail group, reported a 12.4 percent year-on-year drop in quarterly sales for the last quarter of its financial year ended Aug. 31. The Q4 topline figure declined to 16.2 billion Japanese yen (€122m-$142m) versus Q4 2019, in stark contrast with the 56.2 percent year-on-year jump reported ...
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ArticleSolid growth for Kering Eyewear in Q3
Kering Eyewear reported total revenues of €168 million for the third quarter of its current fiscal year. Corrected from royalties and intragroup operations, Q3 consolidated sales stood at €138 million, representing a 25 percent increase from the same period last year, and also significantly higher than the €100 million reported ...
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ArticleItalia Independent H1 sales jump, losses narrow
The Italia Independent Group saw sales in the first half ended June 30 jump by 272.4 percent compared to the year earlier to reach €9.1 million, as business rebounded and losses narrowed after the company took a hit from Covid-19 lockdowns and the loss of wholesale business due to the ...
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ArticleMister Spex earmarks IPO cash for growth as H1 sales rise 25%
German-based omnichannel retailer Mister Spex has reported a 25 percent rise in first-half revenue to €101 million and said it was earmarking at least half of its IPO raising to fund growth. First-half sales in Germany rose 26 percent to €71m, while internationally they were up 24 percent to €29.3m. ...
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ArticleBrand heritage and international expansion drive Revo growth
Revo, the American brand of high-end polarized sunglasses, is launching Revo Black, a new collection showcasing the brand’s latest developments in both lens and frame technologies. The new range includes three concepts – one featuring a carbon fiber frame, one with a titanium wire frame for the lightest Revo sunglass ...
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ArticleInspecs eyes new buys as H1 profits, revenue surge
British eyewear designer and lens manufacturer Inspecs is on the hunt for new acquisitions after a surge in interim revenue and core earnings driven by the first full contribution from its German Eschenbach division. Revenues soared to $125.7 million for the six months to June 30, up from $16.7m a ...
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ArticleFast-growing Cooper gears up for MiSight launch
Cooper Companies reported a 32 percent year-on-year revenue increase for the third quarter of its current financial year to a total of $763 million with a solid performance in both its CooperVision and CooperSurgical divisions, which respectively grew by 24 percent to $557.5 million and by 60 percent to $205.9 ...
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ArticleKits sales up 21%, ramps up eyeglass business
Kits Eyecare, a Canadian-based online retailer of contact lenses, eyeglasses and sunglasses that went public at the start of this year, reported a 21 percent year-on-year increase in H1 revenues to $42.1 million. On a constant currency basis, total sales went up by 28 percent as compared to the same ...
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ArticleMarchon on track for a record year
Unlike other major players in the eyewear industry that are public listed, Marchon Eyewear is not publishing its results but Nicola Zotta, CEO of the U.S. eyewear manufacturer, agreed to share some information with Eyewear Intelligence on the company’s performance and projects. While Marchon was slowed down in 2020 by ...
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ArticleWarby Parker releases sales and profit figures ahead of IPO
Warby Parker, the U.S. omnichannel retailer, announced last week that it has filed a registration with the Securities and Exchange Commission (SEC) for its future Initial Public Offering (IPO) on the New York stock exchange. The registration document, which can be found here, shows that, although its revenues grew quickly ...
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ArticleFielmann sees Q2 sales surge, confirms FY outlook
Fielmann saw external sales in its second quarter, ended June 30, rise by 56 percent to €474.9 million and group sales jump 60 percent to €407.7 million. The retail group enjoyed growth in all major markets thanks to the ongoing rollout of its omnichannel platform, an economic recovery fueled by ...
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ArticleGrandVision close to full Covid recovery in Q2
For its first results’ presentation since the takeover by EssilorLuxottica on July 1, GrandVision reported a strong rebound in both revenues and profits as compared to last year but fell short of returning to pre-pandemic levels. The recovery was driven by the easing of Covid-related restrictions in most countries, continuing ...
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ArticleSafilo accelerates in Q2
Safilo Group confirmed its recovery during the presentation of its Q2 results that showed an acceleration in the company’s sales growth from the previous quarter, driven by the U.S. and China, Smith, its prescription eyewear business and e-commerce. The Italian company also significantly increased its operating profitability thanks to the ...
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ArticleMarcolin on track towards full Covid recovery
Marcolin reported a strong sales recovery for the first six months of 2021 as compared to the same period last year, with an acceleration in Q2 that brought back the Italian group at pre-pandemic revenue level. The company also significantly improved its profitability ratios during the period. Total H1 sales ...
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ArticleEssilorLuxottica delivers strong Q2
EssilorLuxottica reported total revenues of €4,709 million for the second quarter of its 2021 fiscal year, up 92.5 percent in reported terms and 103.1 percent at constant exchange rates as compared to 2020. Compared to the same period in the pre-Covid 2019 year, revenues increased by 9.2 percent in neutral ...
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ArticleHoya returns to pre-Covid sales level in lenses
Hoya Corporation reported a 45 percent year-on-year increase in Q1 group revenues to 158.0 billion Japanese yen (€1,212m-$1,439m), confirming its rebound from the Covid-19 crisis with strong sales’ growth in both its Life Care and Information Technology segments. On a currency neutral basis, quarterly revenues grew by 39 percent as ...
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ArticleKering Eyewear H1 sales top 2019 level by 22%
Kering Eyewear reported a 61.8 percent year-on-year jump in revenues and on comparable currency basis, reaching €383 million for the first half of its 2021 fiscal year. Deducting €57 million in royalties and intragroup sales, the company’s net contribution to the group’s H1 revenues totaled €326 million, up 69.8 percent ...
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ArticleSun Hing turns a small profit despite 23% sales drop
Sun Hing Vision Group, the Hong Kong-based eyewear company, reported a 23.1 percent year-on-year drop in annual sales to 702 million HK dollars (€76.4 m-€90.3m) for its 2020/21 fiscal year as both its OEM and distribution business were significantly impacted by the Covid-19 pandemic. The OEM business’ segment sales, which ...
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ArticleFielmann business recovery accelerated in H1
The Fielmann retail group released preliminary figures for the first half of the current financial year during its annual general meeting on July 8. The company said that its business’ recovery accelerated in Q2 thanks to declining Covid-19 incidences on the optical market and to its ongoing internationalization and digitization ...
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ArticleAfflelou rebounds 3 % higher than in 2019
The Afflelou group reported revenues of €189.3 million for its third quarter and of € 618.1 million for the first nine months of its current financial year, representing year-on-year increases of 74.4 percent and 24.5 percent, respectively. The group highlighted that its total sales for the first nine months were ...
