Company Earnings Update 3 minutesRegister for Free AccessLuxottica (BIT: LUX) FY16 Results: Operating Profits Decline, But EPS Beats Expectations Coresight Research March 2, 2017 Executive Summary Italian eyewear manufacturer Luxottica reported FY16 adjusted EPS of €1.84, up 3.4% year over year and ahead of the consensus estimate of €1.80. A 1.1% decline in gross profit was partially offset by a 0.8% decline in operating costs. Exceptional costs contributed to a 2.3% decline in operating profit. Net sales, which had already been reported, climbed by 2.8% in FY16. Already a subscriber? Log in You are currently viewing a preview of this report. Please select an access option to view the full report. Hide Options - Show Options + Get unlimited access to all our research with one of our subscription plans. View Subscription Plans or Contact us to purchase this report. Contact us ✕ This document was generated for Other research you may be interested in: July 2023 US Retail Sales: Resilient Consumers and Nonstore Retailers Fuel Retail Sales GrowthMarket Outlook: US CPG—Growth Led by Price Hikes Amid Macroeconomic VolatilityThree Data Points We’re Watching This Week: US Real Estate FocusInsights Video: Retail Shrink and Loss-Prevention Methods
