Financial Results – Page 5
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ArticleWarby Parker sees sales growth slowing after 14% jump in Q3
Warby Parker sees sales growth moderating to 8-10 percent in the fourth quarter of 2023 after revenues in the third quarter jumped by 14.2 percent compared to the year earlier to reach $169.8 million and comfortably beat management’s guidance of 9.5-11 percent growth. Dave Gilboa, co-CEO, told analysts in a ...
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ArticleMarcolin sees Q3 sales slip 10%, bolsters house brands with ic! berlin buy
Marcolin slipped into contraction territory in the third quarter, with sales in the period declining by 10.4 percent to €113 million as the group highlighted weakness in the Americas region and a “global context marked by complex socio-political and economic scenarios”. The sales decline came after a second quarter in ...
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ArticleMister Spex posts mixed Q3 results
Mister Spex has reported a significant drop in revenue growth pace for the third quarter of its fiscal year as continued depressed consumer sentiment and unfavorable weather conditions negatively impacted its business. The company however stressed that it was continuing to outperform the market and to deliver on its ...
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ArticleFielmann reports strong Q3, launches eye health services
Fielmann Group has announced a 12.2 percent year-on-year increase in external sales to €602 million including VAT for the third quarter of 2023, in line with the 13 percent growth reported earlier for the first half of the year. In volume, however, Q3 sales increased by a more modest 2.2 ...
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ArticleSmith rebound cushions Safilo’s Q3 revenue decline
The Safilo Group has reported a second consecutive quarter of topline decline as total Q3 revenue dropped by 9.8 percent year-on-year to €260.4 million, with sales declining both in North America and Europe that together account for over 80 percent of sales. Aside from strong currency headwinds, the company attributed ...
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ArticleHOYA lens growth driven by international markets and MiYOSMART in Q2
HOYA CORPORATION has reported a 2.5 percent year-on-year increase in Q2 group revenue to 188.7 billion Japanese yen (€1,182m) as the solid growth of its Life Care business unit and currency tailwinds offset another steep decline in the IT division’s quarterly sales. At constant rates, the Japanese group’s topline was ...
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ArticleKering Eyewear fueled by Maui Jim in Q3 as comparable growth drops
Kering Eyewear was again the best-performing unit of Kering in the third quarter of this year, and the only one that posted a sales increase, as the French luxury group’s fashion brands were severely hit by the general slowdown in the global luxury market, particularly in Europe and North America. ...
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ArticleEssilux reports Q3 slowdown, opens new Thai mega plant
EssilorLuxottica has reported a 1.6 percent year-on-year decrease in Q3 revenue to €6,294 million as the relative weakness of its sun retail business spread beyond the North American market and Asia-Pacific provided a tougher comparison base in the period. In constant currencies, the group’s top line however increased by 5.2 ...
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ArticleJINS ends fiscal year on high note
Japanese-based retail group JINS has reported a 16.0 percent year-on-year increase in Q4 revenue to 19.7 billion Japanese yen (€125m), accelerating from the previous quarter when sales rose by 10.4 percent versus Q3 2022. The Q4 sales hike was driven by an 11.0 percent growth in domestic revenue to JPY ...
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ArticleHakim Group doubled footprint in the last two years
The just-released financial results of Hakim Group show that the U.K. group of independent opticians has more than doubled its annual revenues and almost doubled its retail footprint between 2020 and 2022. The group has significantly accelerated the implementation of its strategy in the U.K. and Ireland since its refinancing ...
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ArticleSlow H1 for Arts Optical as sales of OEM prescription glasses drop
Arts Optical, the Hong Kong-based eyewear manufacturer, has reported a 2.4 percent year-on-year decline in total revenue to 566.4 million Hong Kong dollars (€68m) for the first six months of 2023 as positive results in its distribution and lenses’ divisions could not completely offset a decline in OEM sales. Furthermore, ...
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ArticleThe U.K. and North America drove INSPECS in H1
The Inspecs Group has reported a significant improvement in profitability for the first half year of 2023, mostly thanks to the substantial reduction of its lens unit’s losses, while group revenue progressed at a low mid-single digit pace in constant currencies. As previously announced, the company has changed its reporting ...
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ArticleDriven by sunglasses, Mister Spex posts positive operating margin in H1
Mister Spex’ turnaround plan seems to be paying off as the German-based retail group reported a double-digit growth in revenue for the second quarter of 2023, market share gains in its domestic market and a return to a positive adjusted EBITDA for the first six months of the year. The ...
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ArticleCooperVision accelerates in Q3, upgrades full-year forecast
CooperCompanies has reported an 11 percent year-on-year revenue increase to $630.2 million for its CooperVision (CVI) unit in Q3, marking the tenth consecutive double-digit quarterly progression and an acceleration from the previous quarter (+6 percent). Sales of contact lenses were up by 12 percent at constant exchange rates and by ...
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ArticleSpecsavers full-year results show profitability drop
According to Specsavers official accounts’ filing, the U.K.-based retail group’s profitability significantly declined in the twelve-month period ended Feb. 28 compared with the previous fiscal year. While consolidated revenue inched up by 1.1 percent to £3,436 million (€3,988 m) on a reported basis (the company reported last month a 5.6 ...
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ArticleSynsam posts another record quarter
Synsam Group has reported another quarter of double-digit revenue growth as sales for the quarter ended June 30 reached a record 1,566 million Swedish kronor (€132 m), up by 12.0 percent compared with Q2 2022. This however marks a deceleration from the previous quarter when they grew by 19.0 percent ...
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ArticleMenicon Q1 vision care sales inch up 4%
Menicon’s vision care sales inched up by 3.7 percent to 25,087 million Japanese yen (€158.8m) in the first quarter of fiscal year 2023, underpinned by a strong performance in the Japan-based contact lens maker’s overseas markets. In the three months ended June 30, sales in Menicon’s domestic market rose by ...
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ArticleWarby Parker sweetens outlook after Q2 sales rise 11%, store rollout continues
Warby Parker tweaked its guidance for sales upwards as it continues with the rollout of new physical stores and after revenues in the second quarter ended June 30 rose by 11 percent to $166.1 million to beat its guidance for the period of 7-9 percent growth. The U.S.-based direct-to-consumer eyewear ...
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ArticleNational Vision raises 2023 earnings guidance as prepares for end of Walmart partnership
National Vision raised its earnings guidance for the full year while maintaining its outlook for sales, as the optical retailer’s management provided financial analysts with initial indications of how it intends to ride out the previously announced end next year of its long-standing partnership with the retailer Walmart. For the ...
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ArticleItalian OEM cluster group surfing on luxury eyewear momentum
Venevision, a group of Italian eyewear manufacturing companies in the Dolomites region, has announced that its revenue for the first half of this year reached €39.6 million, increasing by 58 percent year-on-year thanks to a series of acquisitions in the second half of 2022. On a comparable scope, sales were ...
