All Financial results articles – Page 8
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ArticleKITS Eyecare up 11% last year, 29% in Q4
Canadian-based online retailer KITS Eyecare has reported $91.6 million in revenue for 2022, representing an 11.2 percent increase from the previous year. As shown in our table below, the company also reported substantial improvements in both gross and operating margins. Its bottom line however remained in the red for the ...
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ArticleSafilo targets 4% annual growth pace for 2023-2027
The Safilo Group has confirmed an 11.1 percent year-on-year revenue for 2022 to €1,077 million as already announced in January when the company released its preliminary results, in spite of a strong deceleration in the last quarter of the year. We are focusing in this article on new information provided ...
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Vuzix reports weakeking sales and widening loss for 2022
Vuzix, the U.S.-based manufacturer of AR smart glasses for professionals, has announced a 10 percent year-on-year revenue drop to $11.8 million for 2022. Beyond the challenging macroeconomic environment and supply chain issues, the decrease was attributed to a reduction in overall unit sales, higher discounts to resellers and negative currency ...
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ArticleMyDay, myopia management keep driving CVI
CooperCompanies has reported a 4 percent year-on-year increase in revenue to $581 million for its CooperVision unit in the first quarter of its fiscal year. In organic terms, sales went up by 10 percent versus Q1 2022 with homogenous growth across all region. The sales’ momentum was driven by daily ...
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Alcon sees 6% contact lens sales growth in Q4
Alcon reported sales contact lenses in the fourth quarter ended Dec. 31 of $530 million, reflecting constant currency growth of six percent but down by a reported one percent due to currency headwinds. Sales growth continued to be led by silicone hydrogel contact lenses, including the Precision1 and Total product ...
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ArticleNational Vision in the red in Q4 as uninsured customer base is hit by inflation
National Vision, the U.S. third largest optical retailer, has reported decreasing sales and sharp profitability drops for both the last quarter of 2022 and the full year, which sent the company’s stock price tumbling. The company, which mostly addresses the lower end segment of the market, noted that the economic ...
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ArticleWarby Parker sees more store openings, looks to improve profitability after mixed Q4
Warby Parker expects to open another 40 stores in 2023, while it also looks to improve profitability and grow its top line by another 8-10 percent despite continued economic uncertainty and a “depressed consumer environment”. In the three months ended Dec. 31, revenues at the U.S.-based direct-to-consumer (DTC) company increased ...
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ArticleUp 21% in 2022, TOG forecasts 5-8% growth this year
The Thai Optical Group posted a 21 percent year-on-year increase in revenue to 2,980 million Thai baht (€80 m) for 2022. The lens maker said that its sales rebound was mostly due to the easing of pandemic-related restrictions in most markets. All markets saw their revenue increase at double-digit pace. ...
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Paris Miki up 5 % in Q3
Japanese retail group Paris Miki’s revenue increased by 4.9 percent year-on-year to 36.0 billion Japanese yen (€250m) in the third quarter of its 2023 year. For the first nine months, total sales were up by 7.0 percent versus 2022. Q3 revenue in Japan rose by 5.0 percent to ¥31.9 billion ...
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ArticleEssilorLuxottica posts record revenue for 2022 despite Q4 slowdown
In spite of a relative slowdown in the last quarter of the year, EssilorLuxottica announced yesterday a record €24.5 billion in annual revenue for 2022, up by 23.6 percent year-on-year in reported terms. Comparable annual revenue – which is calculated as if GrandVision had been integrated from Jan.1, 2021 – ...
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ArticleFielmann eyes new investments, cost-cutting as 2022 sales inch up and profits fall
Fielmann said it is looking to accelerate strategic investments and step up cost-cutting measures, after it reported that it had gained market share in all major markets in 2022 and seen a modest increase in sales but suffered on the profitability front. According to preliminary figures released yesterday, Germany-based Fielmann’s ...
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ArticleSynsam keeps growing but adjusts to tougher market
Reporting its results for the fourth quarter of 2022 and the full year, leading Nordic retailer Synsam Group said that its double-digit revenue hike resulted in market share gains in a challenging market environment. The company’s growth pace is however slowing down and profitability declined sharply year-on-year on strong network ...
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ArticleBausch + Lomb Q4 contact lens sales fall 4%, prepares to launch SiHy lenses in new markets
Bausch + Lomb reported fourth quarter sales of its contact lenses totaling $219 million, down by a reported 4 percent on the year earlier but reflecting 4 percent organic growth, as it announced plans to expand the sale of its successful Infuse/Ultra One Day daily disposable silicone hydrogel contact lenses ...
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Afflelou network passes €1bn in annual sales
The Afflelou group has announced external sales of €1,012 million (including VAT) in calendar year 2022 for its optical and hearing aid business, passing the symbolic €1 billion mark for the first time. Network sales were up by 3.2 percent compared to 2021. In 2022, the retail group opened 21 ...
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Menicon hits 30% overseas sales ratio
Menicon Q3 results showed that the Japanese company reached an important milestone in the internationalization of its business as overseas sales reached 30 percent of total revenue. That compares with 12 percent five years ago and a 35 percent target ratio for 2025. International sales of contact lenses jumped by ...
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ArticleKering Eyewear speeds over the €1bn mark
Kering Eyewear has reported €1,115 million in annual revenue for 2022, up by 59.7 percent from 2021, with an almost equal contribution to growth from acquisitions and existing portfolio. In the last two years, the subsidiary of French luxury group Kering has more than doubled its topline figure. In more ...
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Carl Zeiss Meditec reports strong sales growth but lower margins for Q1
Carl Zeiss Meditec revenues increased by 14.6 percent year-on-year in Q1 2022/23 to €470.3 million, or by 12.1 percent in constant currencies, in spite of ongoing supply chain issues for both its business units. At constant exchange rates and compared with Q1 2021/22, sales in the Ophthalmology division went up ...
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Mitsui to expand capacities as vision care sales keep growing
Mitsui Chemicals posted a 17.6 percent year-on-year sales increase to 186.8 billion Japanese yen (€1.3 bn) for its Life & Healthcare Solutions’ business unit in the third quarter of its fiscal year. The division includes the Japanese group’s vision care business among other activities such as agrochemicals or oral care. ...
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ArticleHOYA announces mixed Q3 results, global partnership with NIDEK
HOYA CORPORATION revenue inched up by 1 percent year-on-year in Q3 to 173.5 billion Japanese yen (€1.2 bn) as the continuous – albeit slowing – growth in its Life Care segment’s sales and currency tailwinds offset a sharp decline in the IT division business. At constant rates, the group’s topline ...
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Topcon Eye Care sales up 19% in Q3
Japanese-based equipment maker Topcon has reported a 19 percent year-on-year increase in revenue to a record high 49,289 million Japanese yen (€348 m) for its Eye Care division in Q3. Both the screening devices and the digital optometry systems’ categories grew strongly in the quarter. Favorable currency variations against the ...
