All Eyewear Intelligence articles in Volume 24 No. 17+18 – Page 3
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News briefs
Conant up double-digit in H1, driven by Asia and price mix
Chinese lens manufacturer Conant Optical has reported an 11.3 percent year-on-year revenue increase to RMB 831 million (€105 m) for the first half of 2023. The growth was almost entirely driven by price mix improvements as the number of lenses shipped remained relatively stable at 86 million pieces. Sales of ...
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News briefs
Specsavers closes its Belgian stores
Specsavers is reportedly pulling out from Belgium, a country the retailer entered at the end of last year. According to the Retail Detail website, Specsavers was operating three stores in the region of Antwerp which were attached to its Dutch subsidiary. The group has a strong presence in the Netherlands ...
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ArticleMenicon Q1 vision care sales inch up 4%
Menicon’s vision care sales inched up by 3.7 percent to 25,087 million Japanese yen (€158.8m) in the first quarter of fiscal year 2023, underpinned by a strong performance in the Japan-based contact lens maker’s overseas markets. In the three months ended June 30, sales in Menicon’s domestic market rose by ...
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News briefsOcuco gets €60m boost
A private-equity firm, Accel-KKR, has acquired a minority stake worth €60 million in Ocuco. Leo Mac Canna The omnichannel software provider was founded in 1993 by its current CEO, Leo Mac Canna, and operates in 88 countries. The latest version of its software, Acuitas 3 OmniChannel Edition, ...
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ArticleNational Vision raises 2023 earnings guidance as prepares for end of Walmart partnership
National Vision raised its earnings guidance for the full year while maintaining its outlook for sales, as the optical retailer’s management provided financial analysts with initial indications of how it intends to ride out the previously announced end next year of its long-standing partnership with the retailer Walmart. For the ...
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ArticleWarby Parker sweetens outlook after Q2 sales rise 11%, store rollout continues
Warby Parker tweaked its guidance for sales upwards as it continues with the rollout of new physical stores and after revenues in the second quarter ended June 30 rose by 11 percent to $166.1 million to beat its guidance for the period of 7-9 percent growth. The U.S.-based direct-to-consumer eyewear ...
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News briefs
Ethos helps to boost Visottica’s top line 14%
The Italian eyewear component supplier Visottica generated revenues of €98 million in 2022, up by 14 percent compared to the year earlier and benefiting from the consolidation in financial results of Ethos, a company specialized in galvanizing in which Visottica acquired a 60 percent stake last year. The top line ...
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News briefs
Alcon Q2 contact lens sales rise 10% amid continued SiHy lens growth, price increases
Alcon registered contact lens sales of $594 million in the second quarter ended June 30, up by 10 percent on a constant currency basis compared to the year earlier and led by continued growth in silicone hydrogel contact lenses, including the Precision1 and Total product families, and price increases across ...
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News briefsRevenues up at Vuzix
Vuzix Corporation, the U.S. producer of smart glasses and augmented reality (AR) products, has posted its second-quarter results, with a rise in revenues of 56 percent year-on-year, 61 percent half-on-half and 12 percent quarter-on-quarter. Total sales for Q2 rose from $3.01 to $4.69 million. Overall gross profit for the quarter ...
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News briefsRecord Q2 sales at KITS
KITS Eyecare’s second-quarter saw revenue up 38 percent from $21.8 million to a record $30.0 million. Gross margin was up 80 basis points, from 32.2 to 33.0 percent, and adjusted EBITDA up by $1.1 million, from a negative $0.6 to a positive $0.5 million. The company’s cash balance at the ...
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News briefsNew segments at Vision Expo West
Vision Expo West – scheduled for Sept. 27-30 at the Venetian Expo & Convention Center in Las Vegas – has added two exhibition segments: ocular aesthetics and audiology. The exhibitors that have signed up for these include MAICO Diagnostics, BlephEx, Dejavi Innovation, MDelite Laser, Avologi and Optometric Aesthetics. In all, ...
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News briefsMost Ray-Ban Stories shelf-bound, says WSJ
According to an internal document obtained by the Wall Street Journal, less than one in ten pairs of Ray-Ban Stories smart glasses ever sold are in regular use. Meta developed the product with EssilorLuxottica and released it almost two years ago, in September 2021. By February of this year it ...
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