Pierre-Marie Bernard
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ArticleWarby Parker upgrades outlook after strong Q2, ends home try-on service as door count hits 300
Three months after having revised its full-year outlook slightly down due to the US tariffs uncertainty, Warby Parker has just amended it upward, slightly again, following a solid Q2 performance with accelerated growth and higher profitability. The DTC eyewear brand is now expecting sales of $880 million to $888 million ...
ArticlePrice hikes, sales mix boost National Vision in Q2, largely offsetting slightly lower consumer traffic
National Vision raised its guidance for fiscal 2025 for the second consecutive quarter after its Q2 revenue from continuing operations increased by 7.7 percent year-on-year to $486.4 million, accelerating significantly from Q1 (+5.7 percent).
ArticleTVC sees potential link between latest US eyewear purchase trends and tariffs uncertainty
A higher proportion of US eyeglasses consumers tended to limit the amount of their out-of-pocket expense when purchasing glasses, lenses or frames in calendar Q2, The Vision Council’s latest Consumer Insights report showed.
ArticleEssilux acquires lens inspection expert A&R
EssilorLuxottica has announced the acquisition of Automation & Robotics (A&R), the Belgium-based supplier of equipment and software for ophthalmic lens laboratories. The group said that the acquisition would bring deep expertise across the value chain, including R&D, software development, manufacturing, distribution and deployment.
ArticleHOYA posts 11% hike in Q1 eyeglass lens revenue, discusses smart glasses strategy
HOYA Corporation’s Life Care business unit sales rose by 1.7 percent year on year to 137.2 billion Japanese yen (€803m) for the first quarter of fiscal 2025-26, ended June 30. At constant exchange rates, the division’s revenue was up by 6.4 percent versus Q1 2024-26 driven by sales of eyeglass ...
ArticleSafilo Group topline slightly down but margins reach record highs
Safilo Group’s Q2 revenue declined by 1.1 percent year on year to €251.9 million, but it was up 2.3 percent in constant currencies with the differential mainly reflecting the 5 percent depreciation of the US dollar against the euro. Half-year revenue amounted to €537.6 million, also down 1.1 percent in ...
ArticleMarcolin maintains margins on flattish sales as EMEA becomes sole growth engine
Marcolin revenue for the second quarter of fiscal 2025 declined by 2.4 percent year on year in reported terms to €148.4 million as a continuous solid performance in the EMEA market could not offset declines in other regions, we have calculated from the company’s H1 and Q1 data.
ArticleKering reports flattish Q2 sales and slightly lower H1 margins for Kering Eyewear
Half-year results announced yesterday by Kering confirmed Kering Eyewear’s growth pace slowdown as well as the company’s slight profitability deterioration already seen in fiscal 2024. Nonetheless, the eyewear unit remains a relative bright spot for the French luxury group, whose revenue and operating income kept declining at a fast double-digit ...
ArticleLenskart files for IPO, acquires a Spanish DTC sunglass brand
Lenskart’s long-rumored initial public offering (IPO) is one big step closer to becoming a reality as the Indian-based optical retailer group has just filed its so-called draft red herring prospectus with the Securities and Exchange Board of India (SEBI). The 761-page document is now available on the group’s corporate website.
ArticleEssilux maintains strong topline growth in H1 but tariffs and wearables slightly dilute margins
EssilorLuxottica revenue amounted to €7,175 million in Q2, up 7.3 percent year on year at constant exchange rates and exactly in line with the group’s Q1 performance. In reported terms, however, the topline rose by 3.2 percent in the quarter, decelerating from the 8.1 percent growth pace in Q1, mainly ...
Article10% CAGR forecast to bring Fielmann’s topline up to €4bn by 2030
Fielmann Group’s consolidated sales for the first six months of 2025 were up 12 percent year on year to €1.2 billion, in line with the growth pace reported for Q1. The company also stressed that its adjusted Ebitda increased disproportionally to €290 million (+26 percent), resulting in a 2.2 percentage ...
ArticleMeta takes 3% share in Essilux – with more to come?
What seemed like an only-a-matter-of-time thing since July last year is now a done deal, according to Bloomberg. Meta has acquired a minority stake in EssilorLuxottica, its smart glasses partner. “People familiar with the matter” told the US financial news outlet that the US tech giant had invested around €3 ...
ArticleUnclear US ‘Transshipping’ tariff rate scope keeps Vietnam on its toes
Two days ahead of the July 9 deadline for the US “reciprocal tariffs” pause – or rather, the reduction of all import duties to a 10 percent baseline rate – only two ”definitive” bilateral agreements have been announced by President Donald Trump: with the UK, in early May, and with ...
ArticleBrand building, distribution and portfolio expansion keep Izipizi in the fast lane
Double-digit revenue growth is a common feature of many startups in their very early years, but, as businesses scale up, the fast pace naturally becomes harder to sustain. However, some achieve to keep the double-digit momentum going well into their teenage years. IZIPIZI, the French-based company “doing everyday glasses that ...
ArticleHalf of eyewear companies’ stocks fully recovered since US 'reciprocal tariffs' announcement
We are updating here our quarterly stock price chart, looking at how eyewear companies’ stocks have recovered from the US “reciprocal tariffs” shock announcement on April 2. To this end, we are boldening in our table below the names of the twelve companies (out of 25) whose share price has ...
ArticleInflation keeps driving the Brazilian optical market as eyeglasses volumes drop
The Brazilian optical retail value increased by 5.3 percent year on year to 26.9 billion reais (€4.2 bn), accelerating slightly from the previous year (+4.9 percent) according to the annual report of Abióptica, the Brazilian eyewear industry association. However, market dynamics across the different product categories varied sharply from 2023 ...
ArticleSpecsavers FY2024-25 growth largely driven by the UK as most other markets stagnate
Specsavers consolidated its position as the second largest eyewear group globally in fiscal 2024-25 (ended Feb. 28) as its annual revenue increased by 4.3 percent year on year to £4.18 billion (€4.90 bn). Total sales at constant exchange rates were up 7.5 percent, according to the group’s annual review, slowing ...
ArticleVision Expo switches to a shorter single annual event format with rotating locations from 2026
Vision Expo, the leading eyewear and optical trade show in the Americas, is switching to a single annual event format from 2026, The Vision Council and RX, which co-organize the event, have announced. Since 1988 and with only a short hiatus during the corona pandemic, Vision Expo has run two ...
ArticleInflation more than offset volume drops in the US optical market ahead of Trump tariffs roll out
The value of the US eyewear market increased by 7.5 percent year-on-year to $18.2 billion in Q1 2025, according to estimates by The Vision Council (TVC) in its latest inSights quarterly report (see table). The US eyewear industry association stressed that all segments achieved year-on-year value increases while volumes only ...
ArticleSpanish optical market up 3% in 2024 despite flattish lens sales
The value of the Spanish optical market rose to €2,165 million in 2024 from €2,104 million in 2023 (restated from €2,021 million as announced a year ago) according to the annual report of FEDAO, the country’s federation of optical associations. Last year’s 2.9 percent growth marks a deceleration from 2023 ...
