The latest financial results and analysis from the key players in the eyewear industry.
Kering Eyewear stands out with 8% Q1 revenue hike as group topline slips
As in the last quarter of 2023, Kering Eyewear was the only business unit of French luxury group Kering that reported a revenue increase in Q1 2024 as reported sales of optical frames and sunglasses rose by 7 percent year-on-year to €463 million.
US sun business sole exception to EssilorLuxottica’s smooth sailing in Q1
EssilorLuxottica remained on a smooth sailing trajectory in the start of 2024 as the group reported a 3.0 percent year-on-year increase in Q1 revenue to €6,335 million. At constant rates, sales progressed by 5.5 percent versus 2022, decelerating slightly from Q4 2023 (+7.1 percent) but remaining in line with the ...
Inspecs posts flattish 2023 sales after Q4 drop, but profit ratios improved
UK-based Inspecs Group has reported a 1.2 percent increase in annual revenue to £203.3 million (€237.4m) for fiscal 2023, corresponding to a topline flat performance at constant exchange rates, after the company’s business slowed down sharply in the last months of the year. However, the company managed to report significant ...
Vuzix losses pile up as AR smart glasses take-off takes its time
After a last-minute postponement at the end of March of its annual results presentation, smart eyewear manufacturer Vuzix reported earlier this week a severe drop in Q4 revenue and a significant increase in losses for fiscal 2023. While the management stressed that investments in manufacturing and product development have led ...
iVision Tech enter lens business as 2023 parent company sales rise 19%
The Italian eyewear group iVision Tech announced it was entering the lens sector with the acquisition of a 60 percent stake in Bulgarian lens producer IVILENS OOD for €280,000, as it continues on the acquisition path following the purchase of the French high-end eyewear manufacturer Henry Jullien in September.
Sales and profit up double digits for Conant Optical in 2023
Chinese lens manufacturer Conant Optical has reported a 12.7 percent year-on-year increase in annual revenue to RMB 1,760 million (€226m) for fiscal 2023, slightly accelerating from its performance in H1. Although the growth in the first half of the year was almost entirely due to price-mix improvements, an uptick in ...
Product mix drives growth and profitability gains for Mister Spex as customer base stagnates
Mister Spex ended fiscal 2023 on a positive note as total Q4 revenue increased by 7.4 percent year-on-year to €46.7 million, significantly accelerating from the 2.4 percent growth reported for the previous quarter. Reflecting the company’s strategic focus on its domestic market since the end of 2022, the quarterly revenue ...
Retail expansion, price hikes and inbound tourism boosted JEH top and bottom lines in fiscal 2024
Japan Eyewear Holdings (JEH), the company behind the Kaneko Optical and 999.9 brands, has reported a 22.2 percent year-on-year increase in revenue to 2,623 million Japanese yen (€16.0m) for the last quarter of its fiscal year ended last Jan. 31. Although this marked a deceleration from the 33.6 percent growth ...
Afflelou maintains mid-single digit topline growth in Q2, gained market shares in 2023
The Afflelou Group has reported a 5.5 percent year-on-year increase in network sales for the second quarter of its 2024 fiscal year ended Jan. 31, in line with the growth pace reported in the previous quarter. Quarterly sales rose to €231.1 million driven by Afflelou’s two key countries, France and ...
Organic growth and network expansion fuel Krys Group momentum
KRYS GROUP claims that it consolidated its market leadership in France last year as solid organic growth and the “exceptional” expansion of its retail footprint enabled the company to outperform the French optical market growth (+5.5 percent according to GFK) by three percentage points. Total network sales in the country ...