All Financial results articles – Page 23
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News briefsPit Viper bold marketing pays off
According to a recent article in the Wall Street Journal, Pit Viper, the Salt Lake City-based brand of sport sunglasses is planning to expand its product range, so far limited to 11 models, by adding seven new styles. The company is also reportedly looking to expand its business in the ...
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ArticleArts Optical grows 12%, driven by wholesale and lenses
Eyewear manufacturer Arts Optical has reported a 12 percent year-on-year increase in total sales to HK$580 million (€74 m) for the first half of 2022. As shown in the table below, the distribution unit and the new lens unit largely outperformed the main OEM division, which accounts for over 70 ...
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ArticleChallenging market conditions lead Mister Spex to downgrade outlook
Mister Spex has reported mixed results for the second quarter and the first half of 2022 as, despite a growth acceleration in Q2 and the start of Q3, sales levels remained well below expectations and led the omnichannel retailer to downgrade its forecast for the year and to adjust its ...
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ArticleCVI up 11% organically, sees myopia management segment breaking even
CooperCompanies has reported a 2 percent year-on-year increase to $566.3 million in sales for its CooperVision unit in Q3, slowed down by strong currency headwinds. The division’s revenue grew by 10 percent at constant exchange rates and by 11 percent on an organic basis compared to the same quarter last ...
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News briefs
Paris Miki back in the black in Q1
Japanese-based retail group Paris Miki has reported a 10.9 percent year-on-year increase in Q1 revenue to 11.5 billion Japanese yen (€83m). The overall growth was driven by the Japanese market where company sales rose by 11.9 percent versus Q1 2021, totalling ¥10.3 billion (€74m), with comparable store sales up by ...
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News briefsQ2 revenues and profit up at Thai Optical
Total revenues at Thai Optical Group (TOG) amounted to 720 million Thai baht (€19.8m) for the second quarter, for a year-on-year increase of 21 percent. Net profit was THB 109 million (€2.99m), up by 26 percent. (First-quarter net profit had declined year-on-year, from €2.6m to €2.1m.) For the first half ...
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News briefs
Menicon vision care sales up double-digit in Q1
Menicon has posted a 10.6 percent year-on-year increase in vision care sales to 25.1 billion Japanese yen (€181m) for the first quarter of its 2022/23 fiscal year. Sales in Japan, which account for close to 75 percent of total revenues, rose by 4.5 percent. Overseas markets once again overperformed, with ...
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News briefs
Conant Optical sales and profits up double-digit in H1
Conant Optical, the Chinese manufacturer of resin lenses that went public last year, has reported a 15.2 percent year-on-year increase in revenue to RMB 746.6 million (€108m) for the first six months of 2022. In volume, the group sold a total of 77.2 million lenses, up by 21.8 percent from ...
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ArticleFielmann sees profits squeezed in H1
The Fielmann Group reported its Ebitda narrowed to €171.4 million in the first half of 2022 from €186.6 million the year earlier while its net profit slipped to €28.2 million from €37.4 million, as the group increased employees’ salaries amid a shortage of skilled workers while sales continued to be ...
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ArticleSynsam keeps up growth as Swedish factory comes online
Sales at the Synsam Group in the second quarter of 2022 increased by a reported 15.3 percent to 1,399 million Swedish crowns (€132.4m), a result the company highlighted was achieved in a competitive market for recruiting opticians, particularly in its home market of Sweden but also in Norway and Denmark. ...
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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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News briefs
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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News briefs
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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News briefs
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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News briefs
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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News briefs
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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News briefs
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 ...
