Company Earnings Update 3 minutesRegister for Free Access

Luxottica (MIL:LUX) 1Q17 Trading Update: North American Sales Underperforming

Executive Summary

  • Luxottica reported that its adjusted revenue in 1Q17 increased to €2,384 million, up 5.2% year over year and up 1.9% at constant currency. The result was slightly above the consensus estimate of €2,377 million.
  • Sales growth was driven by a very strong performance in Europe and Latin America, as well as by a solid performance in the retail division. Luxottica e-commerce sales increased by 6% year over year at constant exchange rates.
  • Comparable store sales declined by 2.9% year over year at LensCrafters and by 5.4% at Sunglass Hut.

Please Login to read the full report. Not a member? Register for a free user account.