All Financial results articles – Page 33
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News briefs
Bausch Health sees Q3 revenues above $2.1 bln
Bausch Health expects third-quarter revenues to be greater than $2.1 billion, which would represent about a 28 percent increase compared to the second quarter of 2020. Revenues in the second quarter declined by 23 percent compared to the second quarter of 2019, and the company expects third-quarter sales to drop ...
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Article
Safilo Q3 sales better than expected
Safilo estimates that in the third quarter its net sales grew by a mid-single-digit rate at constant exchange rates compared with the same quarter of 2019. It also expects to return to a profit at adjusted Ebitda level. Previously, the company had forecast a moderate decline in sales for the ...
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ArticleFielmann raises FY guidance on better-than-expected Q3 results
Fielmann posted “considerably” better-than-expected third-quarter results and has lifted its full-year guidance. According to preliminary estimates, consolidated sales were about €420 million compared with €400.0 million a year earlier and pre-tax profit is around €80 million against €78.5 million in the third quarter of 2019. The German eyewear retailer pointed ...
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ArticleInspecs posts H1 loss but sees better second half
Inspecs swung to an interim loss in its first results as a public company, but forecast a better second half despite the impact of Covid-19. The British company, which joined the London Alternative Investment Market in February, reported a pretax loss of $8.3 million in the first six months of ...
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ArticleCooperVision Q3 sales down by 12%
CooperVision (CVI) saw a 12 percent drop in sales to $449.3 million in the third quarter of CooperCompanies’ financial year, which ended on July 31, and the division’s gross margin narrowed to 61 percent from 65 percent a year earlier owing to the impact of the Covid-19 pandemic. At constant ...
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ArticleAlcon’s Q2 vision care sales down 27% driven by contact lenses
In the second quarter of 2020, Alcon’s vision care division, which includes the contact lens and ocular health businesses, posted an 27 percent decrease in net sales to $596 million. At constant currency rates, the decline reached 25 percent and was primarily driven by lower demand and widespread closures, partially ...
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ArticleThai Optical Group to set up TOG Europe
Commenting on its second-quarter financial results, Thai Optical Group (TOG) announced that it will establish a new distribution center for Europe in Poland. According to the lens maker, the new structure is scheduled to be operational before the end of the year and will help to increase business opportunities in ...
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ArticleNew Look Vision enjoys brisk trade since re-start
New Look Vision, Canada’s largest optical retailer, posted a 64.9 percent decrease in revenues to 27.4 million Canadian dollars (€17.5m-$20.5m) in the second quarter, resulting principally from the Covid-19 related interruption, as well as scheduled store closures offset by revenue from newly acquired stores. By the end of the quarter, ...
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ArticleNational Vision returned to growth in June
National Vision’s second quarter net revenues fell to $260.0 million from $429.5 million a year earlier as comparable store sales contracted by a reported 44.7 percent and by 36.5 percent on an adjusted basis. Comparable store sales dropped by 83.9 percent in April and by 56.6 percent in May, but ...
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ArticleBausch Health to spin off its eye health unit
Bausch Health intends to spin off its eye health business into an independent publicly traded entity. It will be an integrated, pure play eye-health company built on the Bausch + Lomb brand. The timing of the spinoff is tied to certain conditions and approvals, including the reorganization of the reporting ...
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ArticleGrandVision’s online booking plays key role in customer conversion
GrandVision continues to see lower retail traffic across its business as a result of higher consumer uncertainty. But, this is being offset by higher customer conversion driven by the underlying need for eyecare and brand loyalty, the Dutch eyewear retailer said in comments accompanying its first-half results. The online appointment ...
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News briefsOcean Sunglasses sees 2020 sales at €2.5 million
Ocean Sunglasses, the Spanish brand that claims to be world leader in eyewear for water sports, expects sales to reach €2.5 million this year and €2.8 million in 2021. The company achieves 30 percent of its revenues in France, which is its main market. The U.S. and Spain are jointly ...
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Article
Safilo’s full-year sales forecasts cut by analysts
After Safilo released weaker-than-expected second-quarter results, some financial analysts cut their forecasts for the full year. In the second quarter of 2020, Safilo registered a 54.0 percent decrease in sales to €114.5 million as a consequence of coronavirus-related lockdowns and travel restrictions. Thanks to a mid-single digit growth rate posted ...
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News briefs
Johnson & Johnson Q2 contact lens sales down by 34.1%
Johnson & Johnson’s sales of contact lenses fell by 34.1 percent year-on-year in the second quarter to reach $554 million. At constant currency rates, revenues fell by 33.3 percent as the sale of contact lenses were negatively impact the Covid-19 pandemic that resulting in fewer new wearers coming to the ...
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ArticleEssilorLuxottica cautiously optimistic after Q2 sales halved
EssilorLuxottica is cautiously optimistic about the remainder of the year and expects its “transition on the way towards normalization” to continue in the third quarter after second-quarter revenues were nearly halved amid Covid-19 lockdowns. Yet given uncertainty on the evolution of the pandemic, with local lockdowns already re-imposed in some ...
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Article
Safilo signals moderate decline in Q3 sales despite July rebound
Safilo warned that it could suffer a moderate decline in sales in the third quarter, despite the rebound experienced in July and the contribution of its new acquisitions Privé Revaux and Blenders, that propped up sales in the first half. The company is also negotiating with creditor banks a “significant” ...
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News briefsKering Eyewear H1 sales down by 24.4%
Kering Eyewear posted revenues of €242.6 million in the first half, down by 24.4 percent as reported and 24.9 percent on a comparable basis. After a solid start to the year, revenue declined by 49.3 percent on a comparable basis in the second quarter, heavily impacted by store closures, notably ...
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Article
Big drop in revenues drives Sun Hing in the red
Sun Hing, the Hong-Kong based eyewear company, registered a sharp drop in revenues for its financial year ended on March 31, with overall sales of 912.8 million HK dollars (€102.9m-$117.7m), down by 25.5 percent from HK$ 1,223.9 million a year earlier. Gross profit margin was down by 4.1 percentage points ...
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Article
JINS’ revenues down by 38 percent in Q3
Revenues were down by 37.8 percent year-on-year to 10,303 million yen (€84.2m-$96.2m) in the third quarter ended on May 31 for JINS, the Japanese-based low-cost optical retail chain. The company, which was able to maintain a good momentum in the previous quarter, was more severely hit in the third quarter ...
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News briefs
Armani ready to ride out pandemic after 2019 revenue growth
Italian fashion house Giorgio Armani says it is in a strong position to ride out the Covid-19 pandemic, after reporting a return to revenue growth in 2019, a year earlier than anticipated. The company, whose brand logo can be found on everything from jeans, to shoes, eyeglasses and household furnishings ...
