Financial Results – Page 10
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ArticleSafilo boosts profitability as sales top pre-pandemic level
Safilo reported a strong improvement in profitability in 2021, with sales exceeding their pre-pandemic level despite faltering in the fourth quarter and as an overhaul of its brand portfolio bore fruit. The Italian eyewear manufacturer’s Ebitda margin jumped to 8.7 percent of sales from breakeven the year earlier and a ...
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ArticleSpecsavers profits doubled in Covid year
After having skipped the publication of its presentation last year at the time of the Covid outbreak, Specsavers has returned to disclosing the annual review of its business, however in a much less detailed format than before. For the financial year ended Feb. 28, 2021, the British-based retail group announced ...
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ArticleZEISS reports record revenues in anniversary year
ZEISS has reported record revenues of €7,529 billion for the fiscal year ending Sept. 30, 2021, with double-digit growths in all segments. The group topline grew by 19.6 percent as compared with the previous year, and by 17.1 percent versus the pre-Covid 2018/19 fiscal year. Over 90 percent of sales ...
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ArticleEMEA rebound drove CooperVision in Q4
CooperVision has reported a 12 percent year-on-year increase in Q4 revenues to $564.8 million, an 11 percent hike at constant exchange rates. As compared to 2019, sales grew by 10.8 percent. Commenting on the quarterly results, Al White, CEO of CooperCompanies, noted that the revenue growth had been driven by ...
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ArticleSynsam growth driven by subscription plans
Publishing its first quarterly results since its listing at the Nasdaq Stockholm stock exchange at the end of October, the Swedish-based retailer Synsam has announced significant sales increases across the board and profitability improvements. Double-digit hikes in both organic and like-for-like sales, the expansion of the group’s stores network footprint ...
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ArticleAfflelou full year sales top 2019 level by 3%
The Afflelou group has reported a double-digit year-on-year increase in network sales for its fourth quarter and for the full year, as the business rebound across all regions was further boosted by a strong development in the hearing aid segment. Both quarterly and yearly sales’ figures stood above levels reported ...
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ArticleSunglasses and contact lenses drove Mister Spex’ growth in Q3
Mister Spex, the German-based omnichannel retailer, has reported a double-digit increase in Q3 sales as compared to the same period last year, however falling below its own growth expectations as the prescription glasses’ business, which accounts for about 80 percent of the group’s revenues, underperformed. Total quarterly revenues stood at ...
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ArticleKits Eyecare slows down in Q3
Kits Eyecare, the Canadian-based eyewear pure online retailer that we started to follow a few months ago, announced that it has reached a record number of 640,000 two-year active customers, up 41 percent from the same number last year. However, Kit’s revenue growth came to a halt in the last ...
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ArticleWarby Parker sees Q3 sales rise 32%, but remains in the red
Warby Parker, the omnichannel U.S. retailer, booked revenues of $137.4 million in the third quarter, up by 32.0 percent on the year earlier and 45 percent higher than the same period of 2019, but its bottom line remained in the red due to charges associated with its recent public listing ...
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ArticleFielmann reports 10% sales hike in Q3
The Fielmann Group reported a 10.0 percent revenue growth in Q3 as compared to the previous year, with total consolidated sales reaching €460.8 million, also up by 15.2 percent from the same quarter in 2019. Units sold increased by 3.6 percent to 2.17 million pairs of glasses, indicating a significant ...
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ArticleSafilo up 11% in Q3 versus 2019
Announcing its Q3 and 9-month results yesterday, Safilo reported a double-digit growth in comparable sales as compared to 2019, driven as in the previous quarters by the U.S. market but this time also by a partial recovery in Europe. The combined effect of the revenue increase and the ongoing progress ...
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ArticleCharmant Europe displays Japanese heritage and craft with new brand
Visitors at the recent Silmo eyewear trade fair in Paris were able to take a look for the first time at Charmant’s new house brand, Minamoto, just launched by the European subsidiary of the Japanese eyewear maker. Satoshi Otsuki, president of Charmant Europe, told us that Minamoto, which means “origin” ...
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ArticleMarcolin back to pre-Covid sales level in key markets
Marcolin has confirmed in Q3 its strong sales recovery since the start of this year, with nine-month revenues jumping by 42.8 percent year-on-year in reported terms to €336.6 million. At constant exchange rates, revenues were up by 47.5 percent as compared to 2021. The growth was driven by the American ...
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ArticleDTC and America drove EssilorLuxottica’s Q3 growth
Reporting its results for the first time since the integration of GrandVision business, consolidated in the accounts since July 1, EssilorLuxottica reported a 33 percent increase in Q3 revenues to €5,473 million as compared to 2019 and in constant currencies. On a comparable basis, total sales in the quarter for ...
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ArticleHoya Q2 sees sales of lenses inch up despite Covid-19 resurgence
Hoya Corporation saw revenues in the second quarter ended September 30 rise by 16 percent compared to the year earlier to 162.6 billion Japanese yen (€1,234.1m-$1,426.7m), with both Life Care and Information Technology segments continuing their recovery despite a resurgence of Covid-19 in some countries and regions. On a constant ...
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ArticleGrandVision reports 10% comparable Q3 growth vs. 2019
GrandVision reported a 2.0 percent year-on-year increase in Q3 revenues to €1,068 million, also representing a 2.3 percent hike as compared to the €1,045 million reported for the pre-pandemic 2019 year. However, on a comparable currency basis, the group’s total quarterly sales grew by 5.8 percent as compared to Q3 ...
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ArticleJINS revenues up 6% for the year, in spite of Q4 drop
JINS Holdings, the Japanese-based retail group, reported a 12.4 percent year-on-year drop in quarterly sales for the last quarter of its financial year ended Aug. 31. The Q4 topline figure declined to 16.2 billion Japanese yen (€122m-$142m) versus Q4 2019, in stark contrast with the 56.2 percent year-on-year jump reported ...
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ArticleSolid growth for Kering Eyewear in Q3
Kering Eyewear reported total revenues of €168 million for the third quarter of its current fiscal year. Corrected from royalties and intragroup operations, Q3 consolidated sales stood at €138 million, representing a 25 percent increase from the same period last year, and also significantly higher than the €100 million reported ...
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ArticleItalia Independent H1 sales jump, losses narrow
The Italia Independent Group saw sales in the first half ended June 30 jump by 272.4 percent compared to the year earlier to reach €9.1 million, as business rebounded and losses narrowed after the company took a hit from Covid-19 lockdowns and the loss of wholesale business due to the ...
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ArticleMister Spex earmarks IPO cash for growth as H1 sales rise 25%
German-based omnichannel retailer Mister Spex has reported a 25 percent rise in first-half revenue to €101 million and said it was earmarking at least half of its IPO raising to fund growth. First-half sales in Germany rose 26 percent to €71m, while internationally they were up 24 percent to €29.3m. ...
