All Financial results articles – Page 23
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ArticleInspecs lifts HY profits but sees tough trading in Europe
UK-based eyewear group Inspecs increased half-year profit despite currency headwinds, but warned that the war in Ukraine and cost-of-living crisis were hitting trade in its European markets. The firm posted a 15.8 percent increase in revenues to $145.5 million on a constant currency basis, driven by the continuing integration of ...
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ArticleNational Vision cuts sales outlooks as Q2 sales continue decline
National Vision said it was cutting its forecasts for top line growth for the full year, after sales slipped in the second quarter of 2022. Revenues in the three months ended July 2, 2022, decreased by 7.3 percent compared to the year earlier to $509.6 million and were positively impacted ...
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ArticleWarby Parker slashes sales outlook, cuts jobs despite 14% growth in Q2
Warby Parker slashed its sales outlook for the full year and unveiled corporate job cuts and other cost-cutting measures despite solid growth in the second quarter, as it highlighted the “uncertain macroeconomic environment” and signs of industry-wide weakness in demand for eyewear. The U.S.-based direct-to-consumer (D2C) company now anticipates full-year ...
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Alcon’s Q2 contact lens sales rise 9%
Alcon reported sales of contact lenses in the quarter ended June 30 of $547 million, an increase in constant currency terms compared to the year earlier of nine percent. Contact lens sales were boosted by growth in silicone hydrogel contact lenses, including the Precision1 and DailiesTotal1 product families and Total30, ...
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KITS improves profit ratios on flat sales
Kits Eyecare has improved its gross profit margin by 10.6 percentage points to 32.3 percent in Q2 compared to the previous year in spite of flattish revenue. Sales for the quarter totaled 21.8 million Canadian dollars (€16.5m) this year versus C$21.7 million in 2021. The management said that the jump ...
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ArticleHOYA eyeglass lenses up 7% in Q1
Pushed by strong currency tailwinds, HOYA CORPORATION has reported record-high revenues and profits for the first quarter of the current fiscal year. The topline was up by 14 percent year-on-year to 180.2 billion Japanese yen (€1,309m) and pretax profit increased by 21 percent to ¥61.5 billion (€447m). In constant currencies, ...
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B+L sales of contact lenses up slightly in Q2
Bausch+Lomb reported a slight year-on-year decline for its contact lens business for the second quarter, with sales down by 1 percent to $214 million. However, they were up by 5 percent compared to Q2 2021 on a constant currency basis. Adding sales from the faster-growing consumer division, which includes contact ...
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Double-digit revenue and order intake growth for Carl Zeiss Meditec
Carl Zeiss Meditec has reported a 10 percent year-on-year increase at constant exchange rates in sales of ophthalmic devices to €1,027 million for the first nine months of its current fiscal year. The division’s growth was once again driven by recurring revenue from consumables, implants and services while sales of ...
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Mitsui vision care sales remained firm
Mitsui Chemicals has reported that its sales of ophthalmic lens materials remained healthy in the first quarter of its 2022 fiscal year but that the segment’s profitability was negatively impacted by the increase of raw materials’ prices. The Japanese group does not disclose more details on the segment, which is ...
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Topcon Eye Care unit up 23% in Q1
Topcon sales of eye care equipment jumped by 23 percent year-on-year to 14,051 million yen in Q1 2022 in reported terms, an all-time high, while the division’s operating profit margin almost doubled to 4.0 percent in the period. The company highlighted the continuous expansion of its sales to optical retail ...
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ArticleSales growth and higher margins put Safilo ahead of 2024 business target
The Safilo Group has reported a 4.0 percent year-on-year growth in revenue for the second quarter of 2022 at constant exchange rates, with total sales reaching €288.3 million. In reported terms, the topline was up by 11.2 percent compared to 2021. On an organic basis, a calculation that only includes ...
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ArticleSun Hing Vision Group posts 25% revenue increase for 2021
Hong Kong-based eyewear manufacturer Sun Hing Vision Group has reported a 24.9 percent year-on-year revenue increase to 877 million Hong Kong dollars for fiscal 2021. The business recovery was largely due to a rebound in OEM sales to European and American customers, but the group has yet to fully recover ...
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ArticleMarcolin maintains growth pace in Q2
The Marcolin group posted a 19.7 percent year-on-year increase in revenue to €153.9 million for the second quarter of 2022, following on a similarly fast growth in the previous quarter. Overall and for the first six months of the year, the company’s sales totaled €283.7 million, up by 19.6 percent ...
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ArticleEssilorLuxottica profits up in H1 but sales decelerated in Q2
EssilorLuxottica has reported a 36 percent year-on-year increase in revenues to €6,387 million for the second quarter of 2022, with most of the growth attributable to the integration of the GrandVision business. On the comparable proforma basis prepared by the group, which adjusts 2021 figures as if GrandVision had been ...
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ArticleKering Eyewear doubles operating income in H1
Kering Eyewear sales increased by 50 percent year-on-year to a total of €591 million for the first half of the 2022 year. The eyewear unit was the fastest growing division of the larger Kering group whose total revenues for the period increased by 23 percent versus 2021. Kering ...
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LVMH fashion & leather goods unit up 31% in H1
Revenues of LVMH’s fashion and leather goods’ division jumped by 31 percent year-on-year to €18.2 billion for the first half of 2022. On an organic basis, sales were up by 24 percent. Louis Vuitton, Christian Dior, Fendi, Celine, Loro Piana and Loewe were said to perform particularly well. The group ...
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JINS downgrades FY outlook, recapitalizes U.S. branch
JINS Holdings has revised its full year 2022 outlook downwards and now expects total sales to reach 66.9 billion Japanese yen (€481m), down by 6.0 percent compared to the initial forecast but still 4.7 percent higher than revenues reported for 2021. The group mentioned a slower-than-expected sales recovery both in ...
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Johnson & Johnson CL sales up 11% in Q2
Johnson & Johnson reported a 4.9 percent year-on-year increase in Q2 sales to $1,241 million for its Vision business unit, which includes both contact lenses and surgery activities. In constant currencies, revenue went up by 10.9 percent versus Q2 2021. Sales of contact lenses rose by 2.9 percent in reported ...
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ArticleSpecsavers sales up 25% in 2021/22, driven by domestic market
After a temporary setback due to the COVID-19 crisis in 2020/21, with group revenues sliding by 5.8 percent year-on-year, the Specsavers group resumed its fast-pace growth with annual sales reaching £3.43 billion for the fiscal year ended Feb. 28 2022, up 24.9 percent. As shown in the table below, the ...
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ArticleFielmann’s Q2 sales rise 8%, profits squeezed
The Fielmann Group reported external sales of €505 million in the second quarter of 2022, an eight percent increase compared to the year earlier, despite a drag on its top line performance from the prolonged Covid-19 pandemic and as consumer confidence increasingly takes a hit from high inflation and rising ...
