All Financial results articles – Page 21
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News briefs
Good Q1 for Paris Miki
Japanese-based retail group Paris Miki has reported a 4.5 percent year-on-year increase in Q1 revenue to 12.0 billion Japanese yen (€76 m) as both its domestic and overseas markets saw the impact of the COVID-19 pandemic fade. Sales in Japan, accounting for roughly 90 percent of the group’s total, were ...
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ArticleSynsam posts another record quarter
Synsam Group has reported another quarter of double-digit revenue growth as sales for the quarter ended June 30 reached a record 1,566 million Swedish kronor (€132 m), up by 12.0 percent compared with Q2 2022. This however marks a deceleration from the previous quarter when they grew by 19.0 percent ...
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News briefs
Conant up double-digit in H1, driven by Asia and price mix
Chinese lens manufacturer Conant Optical has reported an 11.3 percent year-on-year revenue increase to RMB 831 million (€105 m) for the first half of 2023. The growth was almost entirely driven by price mix improvements as the number of lenses shipped remained relatively stable at 86 million pieces. Sales of ...
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ArticleMenicon Q1 vision care sales inch up 4%
Menicon’s vision care sales inched up by 3.7 percent to 25,087 million Japanese yen (€158.8m) in the first quarter of fiscal year 2023, underpinned by a strong performance in the Japan-based contact lens maker’s overseas markets. In the three months ended June 30, sales in Menicon’s domestic market rose by ...
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ArticleWarby Parker sweetens outlook after Q2 sales rise 11%, store rollout continues
Warby Parker tweaked its guidance for sales upwards as it continues with the rollout of new physical stores and after revenues in the second quarter ended June 30 rose by 11 percent to $166.1 million to beat its guidance for the period of 7-9 percent growth. The U.S.-based direct-to-consumer eyewear ...
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ArticleNational Vision raises 2023 earnings guidance as prepares for end of Walmart partnership
National Vision raised its earnings guidance for the full year while maintaining its outlook for sales, as the optical retailer’s management provided financial analysts with initial indications of how it intends to ride out the previously announced end next year of its long-standing partnership with the retailer Walmart. For the ...
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News briefs
Alcon Q2 contact lens sales rise 10% amid continued SiHy lens growth, price increases
Alcon registered contact lens sales of $594 million in the second quarter ended June 30, up by 10 percent on a constant currency basis compared to the year earlier and led by continued growth in silicone hydrogel contact lenses, including the Precision1 and Total product families, and price increases across ...
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News briefs
Ethos helps to boost Visottica’s top line 14%
The Italian eyewear component supplier Visottica generated revenues of €98 million in 2022, up by 14 percent compared to the year earlier and benefiting from the consolidation in financial results of Ethos, a company specialized in galvanizing in which Visottica acquired a 60 percent stake last year. The top line ...
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News briefsRevenues up at Vuzix
Vuzix Corporation, the U.S. producer of smart glasses and augmented reality (AR) products, has posted its second-quarter results, with a rise in revenues of 56 percent year-on-year, 61 percent half-on-half and 12 percent quarter-on-quarter. Total sales for Q2 rose from $3.01 to $4.69 million. Overall gross profit for the quarter ...
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News briefsRecord Q2 sales at KITS
KITS Eyecare’s second-quarter saw revenue up 38 percent from $21.8 million to a record $30.0 million. Gross margin was up 80 basis points, from 32.2 to 33.0 percent, and adjusted EBITDA up by $1.1 million, from a negative $0.6 to a positive $0.5 million. The company’s cash balance at the ...
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News briefs
Strong sales but margins remain under pressure at Carl Zeiss Meditec
Carl Zeiss Meditec has reported a 12.9 percent year-on-year growth in revenue at constant rates for the first nine months of this year, totaling €1,510 million. Sales of ophthalmology equipment reached €1,152 million, up by 11.8 percent compared with 2022, and the microsurgery unit also reported a double-digit hike. Geographically ...
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ArticleItalian OEM cluster group surfing on luxury eyewear momentum
Venevision, a group of Italian eyewear manufacturing companies in the Dolomites region, has announced that its revenue for the first half of this year reached €39.6 million, increasing by 58 percent year-on-year thanks to a series of acquisitions in the second half of 2022. On a comparable scope, sales were ...
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News briefs
Bausch + Lomb sales of contact lenses slow down in Q2
Bausch + Lomb has reported that its sales of contact lenses in the second quarter of this year inched up by one percent year on year, totalling $215 million. At constant exchange rates, they were up by four percent versus Q2 2022, slowing down from a double-digit growth pace in ...
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ArticleA slow U.S. market and GrandVision exit weigh on Safilo results
The Safilo Group has reported lackluster results for the second quarter of 2023 as its topline declined by 8.8 percent year-on-year to €263.0 million, or by 6.6 percent at constant exchange rates. On an organic basis, a measurement including only the house brands and ongoing licenses and excluding the Kering ...
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ArticleLife Care unit drives Hoya in Q1
HOYA Corporation has announced a 15 percent year-on-year increase in revenue to 127 billion Japanese yen (€811m) for its Life Care division in the first quarter of its new fiscal year. On a constant currency basis, sales were up by 11 percent. The group said that all major products contributed ...
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News briefs
JINS reports solid quarterly results
Japanese-based optical retail group JINS has reported a 10.4 percent year-on-year increase in Q3 sales to 19.0 billion Japanese yen (€121m), driven by a sharp increase in overseas sales that jumped by 31.3 percent to ¥4.6 billion (€29m) or close to one fourth of group revenue. Q3 sales in Japan ...
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News briefs
Sales and profit up in Q1 at Topcon Eye Care division
Topcon has reported an 18 percent year-on-year increase in sales to 17 billion Japanese yen (€10 m) at its Eye Care unit for the first quarter of its new fiscal year, with good performances from both the screening and core business segments. The company does not communicate revenue growth at ...
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ArticleSolid half-year performance for Marcolin despite Q2 slowdown
The Marcolin group has reported a positive performance for the first half of this year with an high-single digit increase in revenue compared with 2022 and significant margin improvements in spite of a slowdown in Q2 sales. For the second quarter of 2023, the group’s topline inched up by 1.5 ...
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ArticleNational Vision reels as Walmart prepares to end partnership
National Vision shares took a hit in trade on the Nasdaq stock exchange July 27, tumbling 22 percent on the day after the surprise announcement that U.S. retailing giant Walmart has decided to end its long-standing partnership with the optical retailer next year. Walmart’s decision not to renew the partnership ...
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News briefs
Inspecs up 6 % in H1
The Inspecs Group has announced a 6.0 percent uptick in half-year revenue to £111 million (€129 m) versus the same period last year. On a constant currency basis, sales were up by 2.3 percent. The U.K.-based company added that strong cash generation enabled it to reduce its net debt by ...
