Insight Report 3 minutes PremiumLuxottica (LUX)1H16 RESULTS: SOFTER REVENUE TRENDS AND LOWERED GUIDANCE Coresight Research July 25, 2016 Executive Summary Luxottica reported adjusted 1H16 EPS of US$1.23, an increase of 1% year over year and above the consensus estimate of US$1.17. The company reported adjusted revenue declined by 0.7% to €4.7 billion (+1.6% at constant currency), below consensus of €4.8 billion. Adjusted EBIT declined by 2.5%, to €857 billion, above the consensus estimate of €853.2 million, while net income increased by 1.3%, to €532 million, above consensus of €511.5 million. Luxottica lowered FY16 guidance from its previously estimated revenue range of 5%–6% and now expects to generate 2%–3% revenue growth at constant exchange rates. The company expects to grow FY16 operating and net income in line with sales, also down from its previous range of operating and net income at a multiple of 1.5x sales. 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: Weinswig’s Weekly: Fashion Retail’s Resilience in the Holiday SeasonRetail-Tech Landscape: Retail AnalyticsMaximizing Growth Potential in DTC: Four Tech-Driven Strategies for Direct-to-Consumer Businesses To Scale and SucceedWeinswig’s Weekly: Apple Pivots to Plan “C” with the iPhone 15