Shamir’s profits decline
Shamir Optical posted a 5.4 percent increase in revenues to $39.1 million in the fourth quarter but the gross margin slipped to 54.0 percent of sales from 55.0 percent a year earlier and the operating margin narrowed to 8.6 percent from 12.3 percent.
Keep reading this article by becoming a member
Enjoy unrestricted access to Eyewear Intelligence
To continue reading this article subscribe now
- Unlimited access to our highly trusted industry insights and analysis
- Benchmark yourself against the market and competitors
- Find inspiration to drive your business forward
- Stay up to date with new business models and startups
If you aren’t ready to subscribe now, you can REGISTER FOR FREE. Already an Eyewear Intelligence subscriber? Sign in here.