All Financial results articles
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ArticleVuzix 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 ...
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News briefs
Jins slightly downgrades outlook on expected China slowdon in H2
Japanese-based retail group Jins has reported a 13.4 percent year-on-year increase in Q2 sales to 19,852 million Japanese yen (€121m), strongly accelerating from the previous quarter. Sales in Japan grew by 12.1 percent to ¥15,453 million (€94m) while they were up by 18.1 percent overseas. The strong momentum on the ...
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ArticleiVision 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. Stefano ...
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ArticleSales 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 ...
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ArticleProduct 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 ...
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News briefsMarcolin preliminary annual results show slight revenue hike, margin improvements
Marcolin revenue inched up by 2.0 percent year-on-year to €558 million in 2023, the group announced in a preliminary communication ahead of its shareholder meeting at the end of next week. Based on previously released figures for the first nine months of the year, we understand that sales in Q4 ...
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ArticleRetail 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 ...
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ArticleAfflelou 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 ...
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ArticleOrganic 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 ...
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ArticleSafilo looks at 2024 with confidence and hope after complex 2023
Safilo Group has reported its final full-year results for fiscal 2023, confirming the 4.8 percent year-on-year decrease in revenue to €1,025 million announced when the group released preliminary figures at the end of January. Annual sales were down by 2.4 percent at constant exchange rates versus 2023 and by 1.3 ...
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ArticleKits Eyecare topline up 31% in 2023 driven by repeat customers and eyeglasses
Canadian-based Kits Eyecare has reported a 21 percent year-on-year increase in Q4 revenue to $31.6 million, slowing down slightly from the 32 percent growth in the previous quarter. The company said that the Q4 sales uptick was driven by the eyeglasses segment (+39 percent to $4.1 million), repeat customer revenue ...
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ArticleThai Optical Group sales flattish in 2023
Thai Optical Group has announced that its total revenue inched up by 1.2 percent year-on-year to 3,015 million Thai baht (€77m) in 2023, falling short of the 5-8 percent growth target announced at the start of the fiscal year. This marks a sharp deceleration from the previous year when the ...
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News briefs
Alcon Q4 contact lens sales jump 9%
Alcon reported sales of contact lenses totaling $579 million in the fourth quarter ended Dec. 31, up by 9 percent on a reported basis compared to the year earlier and 10 percent higher at constant-currency rates. The company said that product innovation had driven strong demand for contact lenses, including ...
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ArticleWarby Parker sees top line momentum continuing as Q4 loss disappoints
Warby Parker is planning to open another 40 stores this year and to grow revenues by another 12-13 percent, continuing with top line momentum after reporting revenue growth of 12.0 percent in 2023. “We have higher ambitions, in particular for top line growth and preserving more customers, all while maintaining ...
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ArticleCooperVision raises 2024 guidance despite Q1 slowdown
As announced last December during the presentation of CooperCompanies full-year financial results, sales of CooperVision for the first quarter of its 2024 fiscal year ended Jan. 31 slowed down from Q4 2023 as the company is struggling to keep up with growing demand for contact lenses. After eleven consecutive quarters ...
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ArticleFielmann topped sales targets and improved profitability in 2023
Releasing preliminary figures for 2023, Fielmann Group stressed that it exceeded its sales goals and improved its profitability last year thanks to its Vision 2025 plan investments and despite lingering inflation and depressed consumer sentiment. External sales increased by 12 percent year-on-year to €2.27 billion in 2023 after they rose ...
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ArticleNational Vision posts good Q4, transitions out of Walmart partnership
National Vision, the third largest optical retail player in the U.S., has reported Q4 revenue of $500.4 million, up by 8.0 percent year-on-year. The company said that the quarterly growth was primarily driven by a 6.0 percent increase in comparable store sales that reflected both an increase in customer transactions ...
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ArticleAfter a good 2023, Atol to accelerate on audition and low-cost banners
French voluntary retail group Atol has announced a 6.3 percent year-on-year increase in company revenue to €455 million for 2023, including €3 million from the sales of hearing aids. The group stressed that last year was a record high both in terms of revenue and growth pace and that it ...
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ArticleBausch + Lomb Q4 contact lens sales inch up 1% amid distribution disruptions
Bausch + Lomb reported contact lens sales of $222 million in the fourth quarter of 2023, up by a reported one percent compared to the year earlier and three percent higher at constant currency rates. This growth was primarily driven by the continued momentum of its Infuse/Ultra One Day daily ...
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ArticleSynsam wraps up another double-digit growth fiscal year
Synsam Group has reported a 7.7 percent year-on-year increase in revenue to 1,479 million Swedish crowns (€132 m) for the last quarter of fiscal 2023, slowing down slightly from the previous quarter when sales rose by 9.9 percent. On an organic basis, excluding acquisitions, currency effects and franchised stores, quarterly ...
