Financial Results – Page 7
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ArticleMixed results for JINS
Japan-based retailer JINS Holdings has posted mixed results for the last quarter of its fiscal year 08/22. Sales were up by 5.1 percent year-on-year to 17 billion Japanese yen (€116m) but the same quarter in the previous year had been particularly low, with revenue down 12 percent versus 08/20, due ...
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ArticleArts Optical grows 12%, driven by wholesale and lenses
Eyewear manufacturer Arts Optical has reported a 12 percent year-on-year increase in total sales to HK$580 million (€74 m) for the first half of 2022. As shown in the table below, the distribution unit and the new lens unit largely outperformed the main OEM division, which accounts for over 70 ...
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ArticleChallenging market conditions lead Mister Spex to downgrade outlook
Mister Spex has reported mixed results for the second quarter and the first half of 2022 as, despite a growth acceleration in Q2 and the start of Q3, sales levels remained well below expectations and led the omnichannel retailer to downgrade its forecast for the year and to adjust its ...
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ArticleCVI up 11% organically, sees myopia management segment breaking even
CooperCompanies has reported a 2 percent year-on-year increase to $566.3 million in sales for its CooperVision unit in Q3, slowed down by strong currency headwinds. The division’s revenue grew by 10 percent at constant exchange rates and by 11 percent on an organic basis compared to the same quarter last ...
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ArticleFielmann sees profits squeezed in H1
The Fielmann Group reported its Ebitda narrowed to €171.4 million in the first half of 2022 from €186.6 million the year earlier while its net profit slipped to €28.2 million from €37.4 million, as the group increased employees’ salaries amid a shortage of skilled workers while sales continued to be ...
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ArticleSynsam keeps up growth as Swedish factory comes online
Sales at the Synsam Group in the second quarter of 2022 increased by a reported 15.3 percent to 1,399 million Swedish crowns (€132.4m), a result the company highlighted was achieved in a competitive market for recruiting opticians, particularly in its home market of Sweden but also in Norway and Denmark. ...
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ArticleInspecs lifts HY profits but sees tough trading in Europe
UK-based eyewear group Inspecs increased half-year profit despite currency headwinds, but warned that the war in Ukraine and cost-of-living crisis were hitting trade in its European markets. The firm posted a 15.8 percent increase in revenues to $145.5 million on a constant currency basis, driven by the continuing integration of ...
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ArticleNational Vision cuts sales outlooks as Q2 sales continue decline
National Vision said it was cutting its forecasts for top line growth for the full year, after sales slipped in the second quarter of 2022. Revenues in the three months ended July 2, 2022, decreased by 7.3 percent compared to the year earlier to $509.6 million and were positively impacted ...
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ArticleWarby Parker slashes sales outlook, cuts jobs despite 14% growth in Q2
Warby Parker slashed its sales outlook for the full year and unveiled corporate job cuts and other cost-cutting measures despite solid growth in the second quarter, as it highlighted the “uncertain macroeconomic environment” and signs of industry-wide weakness in demand for eyewear. The U.S.-based direct-to-consumer (D2C) company now anticipates full-year ...
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ArticleHOYA eyeglass lenses up 7% in Q1
Pushed by strong currency tailwinds, HOYA CORPORATION has reported record-high revenues and profits for the first quarter of the current fiscal year. The topline was up by 14 percent year-on-year to 180.2 billion Japanese yen (€1,309m) and pretax profit increased by 21 percent to ¥61.5 billion (€447m). In constant currencies, ...
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ArticleSales growth and higher margins put Safilo ahead of 2024 business target
The Safilo Group has reported a 4.0 percent year-on-year growth in revenue for the second quarter of 2022 at constant exchange rates, with total sales reaching €288.3 million. In reported terms, the topline was up by 11.2 percent compared to 2021. On an organic basis, a calculation that only includes ...
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ArticleSun Hing Vision Group posts 25% revenue increase for 2021
Hong Kong-based eyewear manufacturer Sun Hing Vision Group has reported a 24.9 percent year-on-year revenue increase to 877 million Hong Kong dollars for fiscal 2021. The business recovery was largely due to a rebound in OEM sales to European and American customers, but the group has yet to fully recover ...
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ArticleMarcolin maintains growth pace in Q2
The Marcolin group posted a 19.7 percent year-on-year increase in revenue to €153.9 million for the second quarter of 2022, following on a similarly fast growth in the previous quarter. Overall and for the first six months of the year, the company’s sales totaled €283.7 million, up by 19.6 percent ...
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ArticleEssilorLuxottica profits up in H1 but sales decelerated in Q2
EssilorLuxottica has reported a 36 percent year-on-year increase in revenues to €6,387 million for the second quarter of 2022, with most of the growth attributable to the integration of the GrandVision business. On the comparable proforma basis prepared by the group, which adjusts 2021 figures as if GrandVision had been ...
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ArticleKering Eyewear doubles operating income in H1
Kering Eyewear sales increased by 50 percent year-on-year to a total of €591 million for the first half of the 2022 year. The eyewear unit was the fastest growing division of the larger Kering group whose total revenues for the period increased by 23 percent versus 2021. Kering ...
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ArticleSpecsavers sales up 25% in 2021/22, driven by domestic market
After a temporary setback due to the COVID-19 crisis in 2020/21, with group revenues sliding by 5.8 percent year-on-year, the Specsavers group resumed its fast-pace growth with annual sales reaching £3.43 billion for the fiscal year ended Feb. 28 2022, up 24.9 percent. As shown in the table below, the ...
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ArticleFielmann’s Q2 sales rise 8%, profits squeezed
The Fielmann Group reported external sales of €505 million in the second quarter of 2022, an eight percent increase compared to the year earlier, despite a drag on its top line performance from the prolonged Covid-19 pandemic and as consumer confidence increasingly takes a hit from high inflation and rising ...
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ArticleFast-growing Inspecs boosts manufacturing base
The Inspecs group has reported a four-fold increase in annual revenues to $246.5 million for 2021 from $47.4 million in 2020, as the topline was boosted by its multiple acquisitions in the last year and a half. In particular, the business of Eschenbach, which was taken over in December 2020, ...
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ArticleAfflelou Q3 growth driven by COVID recovery, DOS and hearing aids
The Afflelou group has reported a strong increase in network sales for the third quarter of its current fiscal year, thanks mostly to a strong performance in the French-based retailer’s domestic market while the activity in Spain was more subdued (see chart). Afflelou Group- Q3 Network Sales - ...
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ArticleParis Miki to invest €50m in 3-year turnaround plan
Paris Miki revenues inched up to 44.1 billion Japanese yen (€308m) in its fiscal year ended in March 2022, a 0.5 percent increase compared to the previous year. It is only the second time in the last decade that the retailer saw its sales go up year-on-year as the group’s ...
