All Financial results articles – Page 9
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ArticleSafilo keeps focus on margins as sales slump persists
Safilo Group’s topline continued to slip in Q3 2024, as quarterly sales went down by 4.1 percent year on year to $225.4 million, weighed down by a stubbornly soft North American business. At constant rates, revenue decreased by 3.4 percent versus 2023, in line with the company’s performance in the ...
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ArticleNational Vision to close 39 stores, moderate new store growth after lackluster Q3
Q3 revenue was up by 2.4 percent year over year to $451 million. Adjusted operating margin remained in low-digit territory.
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ArticleKITS Eyecare reports higher profit ratios and 34% revenue hike for Q3
Full-year revenue forecast at close to 160 million Canadian dollars.
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ArticleMarcolin sales still down despite EMEA Q3 rebound, 9M margins slightly up
In line with its previous financial results Marcolin has reported slight profitability improvements for the first nine months of this year despite a continued decline in group sales, mostly related to the Americas market. Revenue in the nine-month period was down by 3.2 percent year over year to €408.0 million, ...
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ArticleSolid organic growth and US acquisitions keep Fielmann in double-digit growth gear
International markets have come to account for over a third of the German-based optical retail group. The US is already the second-largest market for the group, with annual sales projected at over €250 million.
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ArticleHOYA Life Care business returns to growth in Q2, confirming IT incident recovery
Hoya Life Care unit sales increased by 2.2 percent at constant rates in fiscal Q2, driven by ophthalmic lenses and contact lenses.
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News briefs
Bausch + Lomb sees double-digit contact lens sales growth in Q3
Bausch + Lomb reported contact lens sales of $253 million in the third quarter of 2024, up by a reported 11 percent compared to the year earlier and 12 percent higher at constant currency rates, with growth driven by daily silicone hydrogen contact lenses. Quarterly sales for the company’s vision ...
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ArticleJapanese optical retail chain goes public
Zoff, a Japanese retail chain with approximately 300 stores, went public earler this month. The company anticipates a 9 percent year-on-year revenue growth in 2024.
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ArticleDespite a slight slowdown in Q3, Kering Eyewear remains a bright spot for the group
Reporting a 4 percent increase in Q3 sales, Kering Eyewear again largely outperformed the whole Kering group, whose topline double-digit decline further accelerated.
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ArticleEssilux Q3 topline up 2% as EMEA and APAC slow down slightly
EssilorLuxottica Q3 sales were up by 4 percent year-on-year to €6.4 billion with innovations in lenses and smart eyewear contributing significantly.
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ArticleJINS revenue up double digit in FY 2024, driven by price mix
Japanese retailer posts 13.3 percent revenue hike for fiscal FY 2024 as the topline was boosted by a signicifant increase in average eyeglasses price.
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News briefs
Johnson & Johnson Q3 CL sales rise 5% as US outperforms
Johnson & Johnson posted $968 million in contact lens sales in the third quarter, up by a reported 4.2 percent compared to the year earlier and 4.7 percent higher at constant currency rates. Contact lens sales jumped by 10.2 percent in the US to $441 million, while in foreign markets ...
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News briefs
iVision Tech H1 sales rise 23% despite results adjustment
Italian eyewear supplier iVision Tech said it posted sales of €5.4 million in the first half of 2024, up by about 23 percent from the €4.4 million reported the year earlier, while the total value of production grew to €6.9 million from €4.9 million. First-half Ebitda amounted to €1.0 million, ...
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ArticleHakim Group maintained strong momentum in 2023
Group revenue jumped by 40 percent in 2023, in line with the previous year’s pace, despite fewer acquisitions.
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ArticlePrice reductions and Southeast Asian competition pressure Arts Optical ODM business
Eyewear manufacturer Arts Optical has reported mixed results for the first half of fiscal 2024. While the topline maintained a high-single digit growth pace, reaching $606 million Hong Kong dollars (€70 m), the group’s key Original Design Manufacturing (ODM) division underperformed. Furthermore, profitability continued to decline at both gross and ...
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ArticleJapanese upmarket retail group JEH shows no signs of slowing down
JEH Holdings, operator of the Kaneko and 999.9 retail chains, posts another strong quarter as inbound tourism keeps boosting sales volumes and average prices.
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ArticleInspecs topline down 5% in H1, rebound expected in H2
Confirming its previous guidance on a business slowdown in the first half of this year, INSPECS Group has announced that its H1 revenue declined by 7.3 percent year-on-year to £103.0 million (€122m). At constant exchange rates, sales were down by 5.2 percent versus H1 2023. Inspecs attributed the sales drop ...
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ArticleSpecsavers profitability keeps declining
Specsavers has seen its profitability decline again in fiscal 2023/24, with its operating margin sliding below the 10 percent mark for the second consecutive year.
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ArticleConant H1 sales jump 18%, plans new production plant in Thailand
The Chinese lens manufacturer has also reported profitability improvement in the period thanks to positive sales mix effects with a higher share of high added-value lenses.
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ArticleUS business propels Fielmann topline over €1bn in H1 while price mix effects bolster margin gains
Driven by its US acquisitions and price-mix improvements, Fielmann Group has reported a double-digit revenue increase and significant margin improvements in H1 2024.
