The latest financial results and analysis from the key players in the eyewear industry.
Fast-growing Lenskart sees huge whitespace in domestic market
The Indian eyewear retailer’s shares gained ground after reporting robust quarterly performance across key metrics, with revenue growth of 23.9% and improved profitability following its IPO debut last month.
National Vision outlines path to high-single-digit sales growth, margin expansion
National Vision announced plans for high-single-digit sales growth in each of the five years through fiscal year 2030, as it looks to further broaden its focus beyond its traditional cash-paying customer, increase the share of premium products and open 240 new stores. Comparable sales are seen increasing at a mid-single-digit ...
Inspecs takeover talks extended with current highest bid at £85m
Private equity seems to have an edge in the negotiations but Safilo is reviewing its options. The UK-based eyewear group has also announced a trading update that forecasts a 4 percent decline in annual revenue.
Afflelou network sales up 5% in FY2025
Network sales were up mid-single digits in France and Spain, the retailer’s two key markets. Margins also progressed year over year despite increasing and substantial debt-related costs.
Strong Q3 sales growth for Synsam despite Denmark subscriptions slump
Synsam Group revenue returned to double-digit growth in Q3 after a 6.9 percent hike in the previous quarter. Total quarterly sales rose by 11.0 percent year over year to 1,731 million Swedish crowns (€158m), driven by sharp increases in Sweden and Norway (see table). They were up by 12.4 percent ...
Paris Miki main stakeholder to delist the company through an MBO
The tender offer by the founding family fund values the company at approximately 33 billion yen (€182m). The plan is to restructure the retailer’s domestic and overseas businesses after a decade of revenue stagnation and low or negative profit margins.
Mister Spex resumes store expansion as bottom line takes a lighter shade of red
Mister Spex’s top and bottom line remained on sharply diverging trajectories in Q3 as the embattled German-based retail group continued to execute the strategic turnaround plan it launched about one year ago. The quarter was also marked by the acquisition of four optical stores in Germany.
Alcon Q3 CL sales grow 6%, sees STAAR deal as attractive but not essential
Alcon generated $707 million in contact lens sales in the third quarter ended Sept. 30, up by 6 percent compared to the year earlier, as growth was driven by product innovation and price increases, partially offset by declines in legacy products. At constant-currency rates, sales were up by 5 percent.
Warby Parker moderates 2025 sales growth guidance, pitches 'third act' of innovation
Warby Parker said it was entering a “third act” of innovation through artificial intelligence, as it announced that it is also partnering with Samsung for smart glasses after revealing earlier this year that it is working with Google to bring intelligent eyewear to the market.
Fielmann reports higher margins, 4% Q3 sales hike despite Germany slowdown
Fielmann Group consolidated sales amounted to €618 million in Q3, up 3.0 percent year on year and decelerating from the double-digit growth in H1, as its Shopko Optical business in the US has been integrated for more than one year into the group’s accounts.