All Financial results articles – Page 11
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ArticleWarby Parker upgrades FY outlook again on good Q2 results but bottom line remains in the red
Posting a double-digit sales growth and higher profit margins for Q2 2024, US direct-to-consumer optical retailer Warby Parker has once again upgraded its full year financial outlook but long-term profitability remains a challenge.
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ArticleNational Vision downgrades outlook after mixed Q2, announces stores fleet review and new president
Following lower-than-expected results for Q2 2024 and a downgrade of its full-year outlook, National Vision has announced a series of initiatives aimed at driving future profitable growth.
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ArticleKits Eyecare revenue up 26% in Q2
Canadian-based online optical retailer posts strong sales increase across all markets and categories for Q2 2024, driven by domestic sales and the eyeglasses segment.
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News briefs
Carl Zeiss Meditec revenue and margins down in Q3
Carl Zeiss Meditec’s revenue was slightly down and profitability dropped in the first nine months of 2023/24 on weaker sales of consumables and deteriorated price mix.
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ArticleHOYA temporarily puts life care unit topline recovery over bottom line target
Reporting its financial results for the first quarter of its 2024-25 fiscal year ended June 30, HOYA Corporation has announced that quarterly revenue for its life care business increased by 6.0 percent year-on-year to 135.0 billion Japanese yen (€870m). At constant currencies, the unit’s quarterly sales inched down by 2.0 ...
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News briefs
Visottica tops €100 million in annual sales
Eyewear components manufacturer Visottica Group’s annual revenue exceeded €100 million for the first time in the company’s history in 2023, boosted by several acquisitions in recent years.
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ArticleSafilo topline down 3.1% in Q2 as EMEA slows down, but margins keep improving
Safilo Group revenue decline continued in Q2 2024 as the slight improvement of the company’s business in North America was offset by a sharp deceleration in the European market. However, the group’s profitability improved from 2023 in the quarter and the half year.
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News briefs
Brillen.de owner reports 2.6 % sales hike in H1
SuperVista, owner of the brillen.de optical retail brand, reported slightly higher revenue and profitability improvements in H1 2024.
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News briefs
Bausch + Lomb contact lens sales up double digit in Q2
Bausch + Lomb upgrading its revenue outlook for 2024 after vision care and other divisions report strong revenue growth in Q2.
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ArticleMarcolin posts higher margin ratios on declining sales in H1
Despite declining sales in its two main markets – EMEA and North America – Marcolin has reported margin improvements thanks to a more luxury-oriented product mix and cost efficiencies.
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ArticleSun Hing progress in Asia offsets sales drop in key markets but gross margin takes a hit
Eyewear manufacturer Sun Hing Vision has reported 702 million Hong Kong dollars (€83m) in group revenue for its financial year ended March 31, 2024, almost stable compared to the previous year. As was the case in fiscal 2023, the group’s topline was dragged down by declining sales from its OEM ...
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ArticleEssilux posts solid Q2 results, answers questions on Supreme, Meta
EssilorLuxottica has posted solid results for the first six months of 2024 with a continued mid-single-digit revenue progression in Q2, which was almost an exact duplicate of the Q1 performance, and gross and operating margin expansions. We cover the results in more detail in the second part of this article. ...
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ArticleKering Eyewear outperforms group in both revenue growth and profitability in H1
Kering Eyewear sales in Q2 2024 grew by 3.4 percent year-on-year to €451 million, slowing down from the 6.9 percent growth rate reported for the first quarter of the year. For the first six months of 2024, the eyewear unit of French luxury group Kering reported a 6.0 percent uptick ...
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News briefs
Johnson & Johnson sees 2% contact lens sales drop in Q2
Johnson & Johnson reported contact lens sales totaling $918 million in the second quarter of 2024, down by a reported 2.2 percent compared to the year earlier but 0.7 percent higher at constant currency rates. Sales growth on a constant-currency basis was driven by the continued strong performance of the ...
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ArticleFielmann posts double-digit sales increase and higher profit ratios in H1
On the morning of its annual general meeting on July 11, Fielmann Group has reported strong preliminary results for the first half of the current fiscal year. External sales increased by 12 percent year-on-year to €1.1 billion in H1 2024, confirming the double-digit growth already reported for Q1. International ...
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News briefs
Fielmann Group upgrades outlook as Shopko Optical acquisition is completed
Fielmann Group has upgraded its outlook for the ongoing financial year following the closure of Shopko Optical’s acquisition on July 1. The investment in the Wisconsin-based retail chain, which operates a network of 140 stores for annual sales estimated at over $100 million, was first announced last month. The German ...
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ArticleDouble-digit growth puts Specsavers above the £4 bn annual revenue mark
Publishing its annual business review for its fiscal year ended Feb. 29, 2024, Specsavers has reported group revenue of £4.01 billion, up by 10.3 percent year-on-year at constant exchange rates. This marks a strong improvement from the previous fiscal year when sales were up by 5.6 percent. The performance also ...
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ArticleAfflelou sales up 5 percent in Q3
The Afflelou Group has reported a 5.5 percent year-on-year increase in network sales to €229.4 million for the third quarter of its current fiscal year, ended April 30, in line with its growth pace in the previous quarter. For the first nine months of the financial year, sales were up ...
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News briefs
Tourists and retail expansion keep JEH on fast growth track
JEH Holdings, the Japanese-based group operating the Kaneko Optical and 999.9 retail chains, has reported a 32.3 percent year-on-year increase in revenue to 3,861 million Japanese yen (€22.7m) for the quarter ended April 30, 2024. Quarterly sales from both banners also grew by over 32 percent. On a same-store basis, ...
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News briefs
Carl Zeiss Meditec downgrades FY2023/24 outlook
Eight months in its 2023/24 year, Carl Zeiss Meditec has revised down its revenue and EBIT outlook for the full year due to soft order entry from the equipment business, particularly in North America, and lower consumable orders from its refractive surgery unit in China. Excluding the contribution from DORC, ...
