All Financial results articles – Page 37
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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 ...
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News briefs
LVMH saw ‘rather vigorous’ signs of recovery in June
The French luxury goods group LVMH says that it does not have a timeframe for when its business will return to normal but it noted “rather vigorous” signs of recovery in June. Speaking at the group’s annual general meeting, its chairman and chief executive Bernard Arnault warns that second-quarter results ...
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ArticleEssilorLuxottica sees first signs of recovery
EssilorLuxottica is seeing the “first signs of recovery” as lockdowns introduced worldwide to slow down the spread of the Covid-19 pandemic are lifted. In a prepared message delivered to shareholders at the company’s annual general meeting, the executive chairman Leonardo Del Vecchio and executive vice-chairman Hubert Sagnières indicate that the ...
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ArticleRodenstock completes a €75 million capital increase
Rodenstock has obtained funds from its shareholders to finance its development while its business is recovering faster than expected from the coronavirus crisis.
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Article
CooperVision sees Q3 sales fall after 17% decline in Q2
CooperVision (CVI)’s sales in the second quarter ended on April 30 fell by 17 percent to $402.2 million, as the business highlighted “unprecedented” challenges tied to Covid-19 and the management warned that third-quarter sales could contract by 15 to 20 percent. The parent company CooperCompanies withdrew its full-year guidance due ...
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ArticleMarcolin Q1 sales drop by 28% on Covid-19 impact
In the first quarter of 2020, Marcolin’s revenues fell by 28.0 percent to €93.5 million due to the impact of the Covid-19 pandemic. At constant currency rates, the decline reached 28.6 percent. In January and February, the company was moderately affected by the shutdown of its Chinese suppliers, which are ...
