Luxottica Will Earn More Than Expected, Despite Lower Retail Growth

Luxottica increased its guidance for full-year earnings per share (EPS) to €1.11-1.13 from €1.07-1.09 despite a weakening of the dollar against the euro and a softening in U.S. consumer demand. However, the company also cut its estimate for comparable store sales growth to 2-3 percent this year from a previous ...

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