All Financial results articles – Page 17
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News briefs
Europe drives Menicon vision care revenue growth in Q2
Menicon has reported a 5.0 percent year-on-year increase in vision care revenue to 53,037 million Japanese yen (€324 m) for the first half of its fiscal year, with overseas market overperforming. Sales in the Japanese group’s domestic market inched up by 1.8 percent year-on-year to ¥37,340 million (€228 m) as ...
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News briefs
Mitsui expects flat annual sales in vision care materials
Mitsui Chemicals has reported a second consecutive quarter of declining revenue for its Life & Healthcare Solutions division, in which its vision care business is integrated along with other products such as nonwovens, oral care and agrochemicals. The business unit sales for the first six months of the group’s current ...
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News briefs
Vuzix to work on cost reduction as OEM sales take-off is delayed
Reporting lackluster results for the third quarter of 2023, Vuzix has announced that it would launch a cost reduction program that is expected to lower operating costs by 20 percent annually once fully implemented. The company said that the streamlining of its operations would impact everything from operations to product ...
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ArticleWarby Parker sees sales growth slowing after 14% jump in Q3
Warby Parker sees sales growth moderating to 8-10 percent in the fourth quarter of 2023 after revenues in the third quarter jumped by 14.2 percent compared to the year earlier to reach $169.8 million and comfortably beat management’s guidance of 9.5-11 percent growth. Dave Gilboa, co-CEO, told analysts in a ...
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ArticleNational Vision moves to offset Walmart divorce impact, on track to meet FY guidance
National Vision announced steps to offset the impact on profits of the previously announced end of its partnership with retailing giant Walmart next year, as it released third-quarter results showing it remains on track to meet full-year guidance despite a macroeconomic environment described as “challenging”. Starting in 2024, the company ...
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ArticleMarcolin sees Q3 sales slip 10%, bolsters house brands with ic! berlin buy
Marcolin slipped into contraction territory in the third quarter, with sales in the period declining by 10.4 percent to €113 million as the group highlighted weakness in the Americas region and a “global context marked by complex socio-political and economic scenarios”. The sales decline came after a second quarter in ...
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ArticleMister Spex posts mixed Q3 results
Mister Spex has reported a significant drop in revenue growth pace for the third quarter of its fiscal year as continued depressed consumer sentiment and unfavorable weather conditions negatively impacted its business. The company however stressed that it was continuing to outperform the market and to deliver on its ...
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ArticleFielmann reports strong Q3, launches eye health services
Fielmann Group has announced a 12.2 percent year-on-year increase in external sales to €602 million including VAT for the third quarter of 2023, in line with the 13 percent growth reported earlier for the first half of the year. In volume, however, Q3 sales increased by a more modest 2.2 ...
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News briefs
KITS up 32 % in Q3
Canadian-based online retailer KITS Eyecare has reported a 32 percent year-on-year increase in Q3 revenue to $31.2 million, which the company said was driven by strong repeat customer revenue in both contact lens and eyeglasses and higher average order value. Quarterly sales of eyeglasses sligthly underperformed as they were up ...
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ArticleSmith rebound cushions Safilo’s Q3 revenue decline
The Safilo Group has reported a second consecutive quarter of topline decline as total Q3 revenue dropped by 9.8 percent year-on-year to €260.4 million, with sales declining both in North America and Europe that together account for over 80 percent of sales. Aside from strong currency headwinds, the company attributed ...
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ArticleHOYA lens growth driven by international markets and MiYOSMART in Q2
HOYA CORPORATION has reported a 2.5 percent year-on-year increase in Q2 group revenue to 188.7 billion Japanese yen (€1,182m) as the solid growth of its Life Care business unit and currency tailwinds offset another steep decline in the IT division’s quarterly sales. At constant rates, the Japanese group’s topline was ...
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News briefs
Bausch + Lomb sales edge up 3% in Q3
Bausch + Lomb’s sales of its contact lenses totaled $228 million in the third quarter of 2023, up by a reported three percent compared to the year earlier and five percent higher at constant currency rates. Growth was led by the continued strong performance of the Infuse/Ultra One Day daily ...
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News briefs
Topcon upgrades outlook after solid H1
Japanese-based hardware manufacturer Topcon has upgraded its full-year outlook for its eye care business unit after sales went up by 9 percent year-on-year to 34.5 billion Japanese yen (€216m) in the first half of its 2023/24 fiscal year, thanks notably to stable investments in screening, optometry and diagnostic equipment by ...
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News briefs
Inspecs maintains growth pace in Q3
INSPECS Group has announced a 4.6 percent year-on-year increase in revenue to £159.1 million (€182.3 m) for the first nine months of this year. At constant exchange rates, sales increased by 2.4 percent versus the same period in 2022, in line with the 2.3 percent hike announced earlier this year ...
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ArticleKering Eyewear fueled by Maui Jim in Q3 as comparable growth drops
Kering Eyewear was again the best-performing unit of Kering in the third quarter of this year, and the only one that posted a sales increase, as the French luxury group’s fashion brands were severely hit by the general slowdown in the global luxury market, particularly in Europe and North America. ...
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ArticleEssilux reports Q3 slowdown, opens new Thai mega plant
EssilorLuxottica has reported a 1.6 percent year-on-year decrease in Q3 revenue to €6,294 million as the relative weakness of its sun retail business spread beyond the North American market and Asia-Pacific provided a tougher comparison base in the period. In constant currencies, the group’s top line however increased by 5.2 ...
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ArticleJINS ends fiscal year on high note
Japanese-based retail group JINS has reported a 16.0 percent year-on-year increase in Q4 revenue to 19.7 billion Japanese yen (€125m), accelerating from the previous quarter when sales rose by 10.4 percent versus Q3 2022. The Q4 sales hike was driven by an 11.0 percent growth in domestic revenue to JPY ...
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News briefs
Johnson & Johnson Q3 contact lens sales rise 4% despite decline in U.S.
Johnson & Johnson generated $928 million in contact lens sales in the third quarter of 2023, up by a reported 2.2 percent compared to the year earlier and 4.0 percent higher at constant currency rates. Growth was driven by the continued strong performance of the Acuvue Oasys 1-Day family of ...
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ArticleHakim Group doubled footprint in the last two years
The just-released financial results of Hakim Group show that the U.K. group of independent opticians has more than doubled its annual revenues and almost doubled its retail footprint between 2020 and 2022. The group has significantly accelerated the implementation of its strategy in the U.K. and Ireland since its refinancing ...
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News briefs
Jimei up 14% in H1
Jimei New Material, the Shenzhen-based manufacturer of acetate sheets, has reported a 13.8 percent year-on-year increase in revenue to RMB 121.2 million (€15.7 m) for the first half of 2023. The company attributed the solid sales increase to a favorable market for acetate glasses and its marketing efforts. In its ...
