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. This report is for paying subscribers only. Already a paying subscriber? Please log in to see the entire report.If you wish to learn more about our subscription plans and become a paying subscriber, click here. This document was generated for Other research you may be interested in: Weekly US and UK Store Openings and Closures Tracker 2024, Week 18: J Sainsbury Closing 25 Argos Stores in the UK This YearEarnings Insights 2Q23, Week 1: Albertsons, Crocs, L’Oréal, Walgreens and More Post Positive Performance; Levi’s Sees Sales DeclineDigital Merchandising Strategies: The Power of Automation and 3D Product Imagery in RetailNext-Generation Product Information Management: From Spreadsheets to AI