
- EssilorLuxottica‘s revenue in constant currency grew by 7.3%, surpassing the estimated growth of 5.93%.
- Total revenue for the second quarter was EU7.18 billion, up 3.2% year-over-year (y/y), meeting expectations.
- North America revenue slightly increased by 0.2% y/y to EU3.10 billion, exceeding the estimate of EU3.08 billion.
- EMEA revenue saw a strong increase of 7.9% y/y, reaching EU2.86 billion, slightly above the estimate of EU2.85 billion.
- Latin America revenue declined by 5.4% y/y, coming in at EU366 million, below the expected EU383.9 million.
- Asia Pacific revenue grew by 3.4% y/y to EU849 million, but missed the estimate of EU871.8 million.
- Direct-to-consumer revenue increased by 6.2% y/y, totaling EU3.85 billion, ahead of the estimated EU3.82 billion.
- Professional Solutions revenue was slightly down by 0.1% y/y at EU3.33 billion, missing the expected EU3.37 billion.
- First half revenue was EU14.02 billion, marking a 5.5% y/y increase, just short of the EU14.03 billion estimate.
- Adjusted operating profit for the first half was EU2.53 billion, a 4.2% y/y rise, under the expected EU2.56 billion.
- Adjusted net income increased by 3% y/y to EU1.80 billion, below the estimate of EU1.84 billion.
- The adjusted operating margin was 18.3%, aligning with the company’s performance goals.
- Free cash flow for the period was EU951 million.
- Sales of AI glasses, Ray-Ban Meta, surged by more than 200% in the first half of the year.
- EssilorLuxottica confirmed its guidance for future performance.
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A look at EssilorLuxottica Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 2 | |
| Dividend | 2 | |
| Growth | 4 | |
| Resilience | 4 | |
| Momentum | 3 | |
| OVERALL SMART SCORE | 3.0 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
EssilorLuxottica, a prominent eyewear manufacturer, holds a favorable long-term outlook based on its Smartkarma Smart Scores. With a promising Growth score of 4 and a resilient score of 4, the company is positioned well for future expansion and to weather potential challenges. This indicates a strong potential for EssilorLuxottica to continue growing steadily and sustainably over time in the highly competitive eyewear market.
Although EssilorLuxottica has average scores in terms of Value and Dividend at 2, its Momentum sits at 3, reflecting a decent level of market momentum. Overall, EssilorLuxottica seems to possess a solid foundation for growth and resilience, which could make it an attractive prospect for investors seeking a balanced investment opportunity in the eyewear industry.
Summary: EssilorLuxottica, a global provider of eyewear products such as sunglasses and lenses, caters to consumers worldwide, positioning itself as a key player in the eyewear market.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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