The latest financial results from the key players in the eyewear industry.
Safilo looks at 2024 with confidence and hope after complex 2023
Safilo Group has reported its final full-year results for fiscal 2023, confirming the 4.8 percent year-on-year decrease in revenue to €1,025 million announced when the group released preliminary figures at the end of January. Annual sales were down by 2.4 percent at constant exchange rates versus 2023 and by 1.3 ...
Kits Eyecare topline up 31% in 2023 driven by repeat customers and eyeglasses
Canadian-based Kits Eyecare has reported a 21 percent year-on-year increase in Q4 revenue to $31.6 million, slowing down slightly from the 32 percent growth in the previous quarter. The company said that the Q4 sales uptick was driven by the eyeglasses segment (+39 percent to $4.1 million), repeat customer revenue ...
Thai Optical Group sales flattish in 2023
Thai Optical Group has announced that its total revenue inched up by 1.2 percent year-on-year to 3,015 million Thai baht (€77m) in 2023, falling short of the 5-8 percent growth target announced at the start of the fiscal year. This marks a sharp deceleration from the previous year when the ...
CooperVision raises 2024 guidance despite Q1 slowdown
As announced last December during the presentation of CooperCompanies full-year financial results, sales of CooperVision for the first quarter of its 2024 fiscal year ended Jan. 31 slowed down from Q4 2023 as the company is struggling to keep up with growing demand for contact lenses. After eleven consecutive quarters ...
Warby Parker sees top line momentum continuing as Q4 loss disappoints
Warby Parker is planning to open another 40 stores this year and to grow revenues by another 12-13 percent, continuing with top line momentum after reporting revenue growth of 12.0 percent in 2023.
Fielmann topped sales targets and improved profitability in 2023
Releasing preliminary figures for 2023, Fielmann Group stressed that it exceeded its sales goals and improved its profitability last year thanks to its Vision 2025 plan investments and despite lingering inflation and depressed consumer sentiment. External sales increased by 12 percent year-on-year to €2.27 billion in 2023 after they rose ...
National Vision posts good Q4, transitions out of Walmart partnership
National Vision, the third largest optical retail player in the U.S., has reported Q4 revenue of $500.4 million, up by 8.0 percent year-on-year. The company said that the quarterly growth was primarily driven by a 6.0 percent increase in comparable store sales that reflected both an increase in customer transactions ...
After a good 2023, Atol to accelerate on audition and low-cost banners
French voluntary retail group Atol has announced a 6.3 percent year-on-year increase in company revenue to €455 million for 2023, including €3 million from the sales of hearing aids. The group stressed that last year was a record high both in terms of revenue and growth pace and that it ...
Bausch + Lomb Q4 contact lens sales inch up 1% amid distribution disruptions
Bausch + Lomb reported contact lens sales of $222 million in the fourth quarter of 2023, up by a reported one percent compared to the year earlier and three percent higher at constant currency rates. This growth was primarily driven by the continued momentum of its Infuse/Ultra One Day daily ...
Synsam wraps up another double-digit growth fiscal year
Synsam Group has reported a 7.7 percent year-on-year increase in revenue to 1,479 million Swedish crowns (€132 m) for the last quarter of fiscal 2023, slowing down slightly from the previous quarter when sales rose by 9.9 percent. On an organic basis, excluding acquisitions, currency effects and franchised stores, quarterly ...