All Financial results articles – Page 5
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News briefs
Gentle Monster parent company revenue up 30% in FY2024
According to several reports in several South Korean news outlets, including here, iiCombined, the parent company of Gentle Monster, has posted sales of 789.1 billion korean (€505m) won in fiscal 2024, up 29.7 percent year on year. The eyewear brand accounted for roughly 80 percent of total revenue, followed by ...
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ArticleCooperVision downgrades revenue outlook for fiscal 2025 as CL market slows down
CooperCompanies has downgraded its revenue forecast for its CooperVision (CVI) unit in its current fiscal year ending Oct. 31, adjusting to the deceleration of the global contact lens market. Contact lens sales for the full year are now forecast to grow by between 6 percent and 7 percent organically to ...
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ArticleMitsui: firm demand for high-index lens material to keep driving vision care sales in FY25/26
Mitsui Chemicals has reported an 8.8 percent year-on-year increase in revenue to 295.8 billion Japanese yen (€1.8bn) at its Life & Healthcare division for the 2024/25 year ended March 31, roughly in line with its growth pace in the first nine months. The sales uptick was driven mostly by increased ...
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ArticleZEISS Vision Care sales decelerate in H1 as key markets come under pressure
“ZEISS too is feeling the effects of the weaker global economic situation and increasing uncertainty in the markets,” said Andreas Pecher, the recently appointed President and CEO, in his comments on the group’s financial results for the first half of fiscal 2024/25. While the general performance remained positive with total ...
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ArticleA declining customer base and increased costs weigh on Paris Miki’s performance
Paris Miki closed its fiscal year ending March 31, 2025, with a modest performance as total sales inched up by 0.4 percent year on year to 12.1 billion Japanese yen (€74.5m). The slight revenue uptick, which followed a small decline in Q3, was driven by the Japanese-based retailer’s domestic market ...
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ArticleSynsam slows down stores opening pace to 'recalibrate growth and profitability'
Sales kept growing at a double-digit pace overall for the leading optical retailer in the Nordics in Q1, but profitability declined due notably to the fast pace of store openings in 2024 and the rollout of the group’s digital eye exam program.
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News briefsRodenstock comparable revenue and margins up slightly in FY 2024
Rodenstock Group revenue grew by 1.2 percent year on year and on a comparable basis to €512.4 million, the company has announced. The German-based lens maker stressed that the progress was driven by an 11 percent increase in sales to key account (excluding GrandVision), sustained growth in demand for its ...
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News briefs
iVision Tech Q1 sales jump 38% as acquisitions boost top line
Italian eyewear supplier iVision Tech saw group sales in the first quarter of 2025 jump by 38.1 percent to €3.4 million, with growth underpinned by recent acquisitions and the resilience of its other activities. Sales of iVision Tech’s parent company stood at €2.0 million, up 0.1 percent from the year ...
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ArticlePrice hikes and dailies drove Menicon’s growth in fiscal 2024-25
Menicon’s vision care unit revenue increased by 5.1 percent year-on-year to 112.3 billion Japanese yen (€687.4m) or over 90 percent of the company’s total business. In constant currencies, the division’s sales were up by 3.6 percent versus fiscal 2023-24 as solid growth in the daily and monthly contact lenses category ...
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News briefs
Alcon contact lens sales grow 3% in Q1 on price increases, innovation
Alcon generated contact lens sales of $688 million in the first quarter of 2025, up by 3 percent compared to the year earlier, as price increases and product innovation fuelled top line growth, more than offsetting declines in legacy products. At constant currency rates, contact lens sales were up by ...
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News briefs
TOG reports 7% topline hike in Q1, plans strategy adjustments to reduce US market dependency
Thai Optical Group has reported total revenue from sales and services of 899 million thai baht for the first quarter of fiscal 2025, up by 6.6 percent year over year. The topline progression was primarily driven by a 21.6 percent sales increase to THB293 million in the Americas market and ...
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ArticleTopcon reports 9% annual eye care sales increase ahead of delisting
Reporting its financial results for the fiscal year ended March 31, 2025, Topcon Corporation has announced a 9.1 percent year-on-year increase in revenue to 84.3 billion Japanese yen (€512.3m) for its Eye Care business unit. In constant currencies, the group’s topline progressed by 7.5 percent versus FY 2023-24. In Q4, ...
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News briefs
Vuzix Q1 revenue down year by year but up from Q4 2024
Smart glass waveguides manufacturer Vuzix has reported a 21 percent year-on-year decline in quarterly revenue to $1.6 million, attributing most of the drop to reduced unit sales of its M400 smart glasses. However, the company stressed that sales improved quarter-on-quarter thanks to both new and follow-on orders. ”Vuzix is entering ...
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ArticleMarcolin aims for greater supply chain control, reports positive Q1 results
Quarterly sales were up by 1.3 percent year-on-year on a scope and currency comparable basis, with EMEA as the main driver. In its latest annual report, the group provided more details on its FY 2024 performance as well as on its commercial and industrial organization.
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ArticleWarby Parker cuts growth expectations as it raises prices, shuffles production to offset tariff blow
Warby Parker cut its outlook for sales growth in 2025 and announced plans to selectively raise prices and shift more production out of China to help offset the negative impact of US import tariffs. The US direct-to-consumer (DTC) company now expects sales to grow by 13-15 percent in 2025, a ...
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ArticleMister Spex finds first positive signs of turnaround program in Q1 margins while revenue drops 13%
Quarterly revenue in Germany, the group’s core market, was down by 5 percent overall but up by 13 in the brick-and-mortar network. Another positive sign was the 26 percent jump in average value of prescription glasses sold offline.
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ArticleNational Vision raises guidance, says well-positioned to mitigate tariff impact
National Vision Holdings raised its full-year financial guidance after posting better-than-expected results in the first quarter of 2025 as steps to expand its exposure to existing higher value customers bear fruit and management believes the company is well-positioned to offset the negative impact of tariffs. National Vision now expects to ...
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ArticleSafilo returns to growth in Q1, details supply chain adjustments
Sales increased at a low-single digit pace in Q1 in both North America and Europe. Gross profit and adjusted EBITDA margins also inched up. During the results presentation, the company’s management detailed its US tariff mitigation strategy.
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News briefs
Kits Eyecare posts record revenue and adjusted margin in Q1
Kits Eyecare Q1 amounted to a record 46.6 million Canadian dollars (€29.7m), up by 34.0 percent year-on-year, the Canadian-based e-commerce company has announced. The number of two-year active customers grew by 8.7 percent versus Q1 2024 to 946,000. Price-mix effects significantly contributed to the fast topline growth as the average ...
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ArticleHOYA reports positive Q4 results, discusses general strategy, US tariffs
The group’s eyeglass lens and contact lens sales were up by 5 percent in Q4 and by 4 percent in the full year compared to fiscal 2023-24. The Life Care’s segment profitability improved significantly in Q4 after it dipped in previous quarters as the company prioritized sales recovery following the severe IT incident at the start of the fiscal year.
