- EssilorLuxottica‘s third-quarter revenue increased by 4% in constant currency, missing the market expectation of a 5.28% rise.
- The reported revenue was EU6.44 billion, with a year-over-year increase of 2.3%, which fell short of the estimated EU6.54 billion.
- North America revenue grew by 0.5% year-over-year to EU2.85 billion, slightly below the expected EU2.86 billion.
- EMEA region saw a 5% year-over-year growth in revenue, totaling EU2.43 billion, just shy of the projected EU2.47 billion.
- Latin America’s revenue decreased by 5.6% year-over-year to EU356 million, not meeting the estimate of EU380.8 million.
- Asia Pacific revenue rose by 4.5% year-over-year to EU794 million, below the expected EU818.7 million.
- The direct-to-consumer segment recorded revenue of EU3.42 billion, a 3.1% increase year-over-year, missing the projection of EU3.45 billion.
- Professional Solutions’ revenue grew by 1.3% year-over-year to EU3.02 billion, lower than the estimated EU3.1 billion.
- EssilorLuxottica remains committed to achieving mid-single-digit annual revenue growth from 2022 to 2026 at constant exchange rates, aiming for EU27b-EU28b in revenue and an adjusted operating profit margin of 19-20% by the period’s end.
- The company reported that Greater China maintained positive revenue despite challenging macroeconomic conditions, primarily due to positive performance in Mainland China.
- EMEA’s growth slightly decelerated from the first half of the year.
- The Asia-Pacific region was impacted by unfavorable economic conditions in Greater China.
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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 company that manufactures eyewear including sunglasses and lenses, has a long-term outlook that appears promising based on the Smartkarma Smart Scores. With strong scores in Growth, Resilience, and Momentum, EssilorLuxottica is positioned well to capitalize on future opportunities in the eyewear market. The company’s high Growth score indicates a positive trajectory for expansion and development, while its Resilience score suggests a strong ability to weather economic challenges. Additionally, EssilorLuxottica‘s Momentum score reflects positive market sentiment and potential for sustained growth.
While EssilorLuxottica‘s Value and Dividend scores are not as high as its other scores, the overall outlook remains positive considering its strengths in Growth, Resilience, and Momentum. As a global provider of eye care products, EssilorLuxottica is well-positioned to meet the needs of customers worldwide and continue its success in the 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.
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