All Eyewear Intelligence articles in Volume 23 No. 21+22
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Eyewear Intelligence: Vol 23 - No 21+22
EssilorLuxottica revenue up 8.2 % in Q3 | Essilor and EssilorLuxottica fined €81 m by French market watchdog, will appeal | Fielmann sticks to long-term plan as headwinds pressure sales and profits | Q3 sales and profits’ decline in Germany weigh on Fielmann results | Mister Spex maintains guidance after outperforming market in Q3 | Afflelou sales up 2 percent for the year despite Q4 slowdown | Warby Parker adjusts outlook upwards after beating guidance in Q3 | HOYA posts 10% lenses’ revenue hike in Q2, launches private label CLs | Kering Eyewear well on track for €1 bn annual revenue mark | Safilo maintains growth pace, except in the U.S., improves margins | Marcolin confirms sales momentum, margins’ consolidation in Q3 | Johnson & Johnson Q3 contact lens sales inch up 3.0% as class action litigation settled | Mixed results for JINS | Skugga to launch new financing rounds to accelerate development | Equipment suppliers discuss future of lens manufacturing at Lenskart’s event | ECOO addresses myopia management and digital eye care | National Vision releases sustainability report
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Article
Warby Parker adjusts outlook upwards after beating guidance in Q3
Warby Parker tweaked its guidance for the full year, raising it slightly after achieving third quarter results that were moderately above expectations but maintaining a cautious outlook due to inflation, shifts in consumer demand and lingering Covid-19 pandemic effects. The U.S.-based direct-to-consumer (D2C) company now expects sales for the full ...
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News briefs
National Vision keeps expanding store network in spite of declining sales
U.S. optical retail group National Vision has reported Q3 revenue of $499 million, down by 3.6 percent compared to 2021. Comparable store sales decreased by 8.0 percent year-on-year for the quarter. These declines however mark a small improvement from Q2 where revenue and comparable store sales were down by 7.2 ...
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News briefs
VSP creates and fills chief revenue officer post
Source: VSP Vision VSP Vision has promoted Andy Skitmore to a new post, chief revenue officer of global sales: specifically of doctor-facing sales teams. Skitmore has been serving as Marchon Eyewear’s senior vice president of sales for the Americas. He will now be reporting to chief growth ...
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Article
Afflelou sales up 2 percent for the year despite Q4 slowdown
The Afflelou group has reported a 1.9 percent year-on-year increase in network sales for its fiscal year ended July 31, with low single-digit hikes in its two main markets, France and Spain. The group stressed that the annual growth in sales was achieved in spite of a temporary decline in ...
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News briefs
Q3 sales up 8% at KITS
Kits Eyecare, the Canadian direct-to-consumer digital-eyecare brand and manufacturer of eyeglasses, saw sales rise by 18 percent year-on-year to $23.6 million during the first nine months of 2022. Sales were up by 8 percent year-on-year for the third quarter. Gross profit was up by 39 percent to a record $7.2 ...
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Article
Mister Spex maintains guidance after outperforming market in Q3
Mister Spex maintained its guidance for the full year after outperforming the market in the third quarter and despite historically low consumer confidence in its core German market that prompted it to reel in expectations in September. In the third quarter, revenues at the omnichannel retailer increased by 18 percent ...
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Article
Q3 sales and profits’ decline in Germany weigh on Fielmann results
One week after the announcement of mixed preliminary results for the third quarter and the first nine months of 2022, the Fielmann group has just released more details, in particular for the geographic breakdown of its sales and income. In this article, we only focus on newly published data. As ...
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News briefs
Mitsui’s SDC Technologies acquires Coburn Technologies
SDC Technologies, a subsidiary of Mitsui Chemicals specializing in coating material, has announced the full acquisition of Coburn Technologies, the supplier of ophthalmic lens processing systems and equipment to lens laboratories. Based in Connecticut, U.S., and founded in 1954, Coburn Technologies’ portfolio also includes eye examination machines for eye care ...
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News briefs
Mitsui Chemicals vision care sales remain firm but terms of trade deteriorate in H1
Mitsui Chemicals has reported sales of 122 billion Japanese yen in its Life é Healthcare Solutions’ unit for the first half of the fiscal year, up 19 percent year-on-year, and a stable operating margin, at 11.3 percent. The division includes the Japanese group’s vision care business but also other product ...
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Article
Essilor and EssilorLuxottica fined €81 m by French market watchdog, will appeal
L’Autorité de la Concurrence (AC), the French competition authority, has announced yesterday that it was handing a total of €81 million in fines to Essilor International and its parent company EssilorLuxottica for discriminatory practices between April 2009 and December 2020 in France. The Italo-French group immediately replied that it would ...
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Sponsored article
Danny Cassidy: “Be future-focused”
Compliance and circularity: catalysts for digital innovation. How brands can keep up in a world full of regulatory change.
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News briefs
Visottica Group further expands portfolio with new acquisition
Visottica Group, the Veneto-based supplier of eyewear components, is pursuing its external growth strategy with the announced acquisition of a 60 percent share in Ethos, a company specializing in galvanic processes on brass, zamak, iron, fashion accessories and leather goods. Founded in 2018 and currently employing 18 people, Ethos expects ...
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News briefs
The Vision Council surveys digital habits
Social media is on the rise in the eyewear and eyecare segments alike, according to a new report from The Vision Council: “Focused inSights 2022: Digital Habits,” a survey conducted in August on digital devices, eyestrain, online purchasing, social media and telehealth for eyecare. The sample comprised 3,102 U.S. adults. ...
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Article
Marcolin confirms sales momentum, margins’ consolidation in Q3
The Marcolin group has confirmed in the third quarter the positive revenue trend observed since the start of the year, with Q3 sales increasing by 24.3 percent year-on-year to €126 million in reported terms. For the first nine months of the year, the company’s topline has reached €410 million up ...
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News briefs
Izipizi launches sleep-facilitating glasses
Izipizi is launching Sleeping, a pair of glasses fitted with special lenses that are said to enhance the production of the melatonin hormone and thus reduce the time needed by wearers to fall asleep. The company said that it has developed a specific technology for the plano lenses, called Goodnight, ...
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Article
Safilo maintains growth pace, except in the U.S., improves margins
The Safilo Group has reported a 14.9 percent year-on-year revenue increase to €260.4 million for the third quarter of the current fiscal year, as a 5.6 percent rise in organic sales was further boosted by favorable currency effects linked to the strong U.S. dollar. Organic sales include the group’s proprietary ...
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News briefs
Bausch + Lomb cuts guidance on currency headwinds, manufacturing ramp-up delay
Bausch + Lomb cut its guidance for full year adjusted Ebitda and revenues, after the negative impact of foreign exchange rates took its toll on third quarter results. The company now forecasts full year revenues of $3.70-$3.75 billion against previous guidance of $3.75-$3.80 billion, although it still anticipates organic growth ...
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News briefs
Snap and Amazon partner for virtual try-ons, actual purchases
Snap and Amazon Fashion have sealed a partnership to blend Snapchat’s virtual try-on function with Amazon’s e-commerce. Together the companies have established “3D asset standards” to bring Amazon’s eyewear catalog to virtual life. Now that images of these products have been prepared for augmented reality (AR), Snapchat’s 363 million users ...
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Article
Equipment suppliers discuss future of lens manufacturing at Lenskart’s event
Lenskart, the Indian-based optical retail group, has hosted a series of events throughout the month of October on a new platform called Vision for Billion, whose name reflects the company’s ambition to “reach” a billion eyes in the future. One of the events on the program was a panel ...