- EssilorLuxottica‘s first quarter revenue growth in constant currency was 7.3%, surpassing estimates of 7.14%.
- Total revenue reached €6.85 billion, matching estimates and marking an 8.1% year-over-year increase.
- North America reported €3.08 billion in revenue, showing a 7.1% year-over-year increase but falling short of the €3.15 billion estimate.
- EMEA (Europe, Middle East, Africa) region experienced a significant revenue increase of 9.8% at €2.55 billion, exceeding the forecast of €2.49 billion.
- Revenue in Latin America slightly declined by 0.5% to €369 million, close to the estimate of €369.6 million.
- The Asia Pacific region recorded an 11% revenue growth at €852 million, just shy of the €857.9 million estimate.
- Direct-to-consumer sales grew by 11% to €3.61 billion, nearly meeting the estimate of €3.62 billion.
- Professional Solutions revenue reached €3.24 billion, representing a 5.1% increase, slightly below the expected €3.25 billion.
- The company reaffirms its goal of achieving mid-single-digit annual revenue growth between 2022 and 2026, targeting total revenue of €27-€28 billion.
- EssilorLuxottica aims for an adjusted operating profit margin of 19-20% by 2026.
- The company is taking steps to mitigate the impact of US import duties on its operations.
“`
A look at EssilorLuxottica Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 2 | |
| Dividend | 2 | |
| Growth | 4 | |
| Resilience | 4 | |
| Momentum | 4 | |
| OVERALL SMART SCORE | 3.2 |
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, appears to have a positive long-term outlook based on its Smartkarma Smart Scores analysis. With above-average scores in Growth, Resilience, and Momentum, the company is positioned well for future success. EssilorLuxottica‘s strong Growth score reflects its potential for expansion and development in the eyewear market. Additionally, its high Resilience score suggests the company’s ability to withstand economic fluctuations and challenges. The Momentum score indicates a favorable trend in the company’s performance and investor sentiment, signaling continued potential for growth in the future.
While EssilorLuxottica scores lower in Value and Dividend, the overall outlook seems optimistic given its robust performance in key areas like Growth, Resilience, and Momentum. As a global provider of eyewear products, EssilorLuxottica is well-positioned to meet the needs of customers worldwide and capitalize on growing demand for quality eye care products. Investors may find EssilorLuxottica an attractive long-term investment opportunity based on its Smartkarma Smart Scores evaluation and its strategic position in the eyewear industry.
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.
Have feedback on this article? Concerned about the content? Get in touch with us directly.
💡 Before it’s here, it’s on Smartkarma
Sign Up for Free
The Smartkarma Preview Pass is your entry to the Independent Investment Research Network
- ✓ Unlimited Research Summaries
- ✓ Personalised Alerts
- ✓ Custom Watchlists
- ✓ Company Analytics and News
- ✓ Events & Webinars
