Sponsors
Billabong ▲ +0.015 | PPR ▲ +0.55 | American Apparel ▼ 0.000 | The Buckle ▲ +0.66 | Columbia ▲ +0.36 | Deckers Outdoor ▲ +1.92 | Dicks ▲ +0.78 | Foot Locker ▲ +1.03 | Genesco ▲ +1.62 | Iconix Brand Group ▲ +0.72 | Jarden Corp ▲ +1.48 | Nordstrom ▲ +1.57 | Luxottica ▲ +0.29 | Nike ▲ +1.74 | Pacific Sunwear ▼ -0.01 | Skullcandy ▲ +0.08 | Sport Chalet - 0 | Urban Outfitters ▲ +0.05 | VF Corp ▲ +2.71 | Quiksilver ▲ +0.07 | Zumiez ▲ +1.26 | Macys ▲ +1.31 | Tillys ▲ +0.26 |
Readers Say
The one, undisputed leader
The one, undisputed leader

It is common knowledge in our industry that there is one undisputed leader in reporting on the topics, businesses and trends that impact all of us the most, and it is shop-eat-surf.com. Their access to those who make our industry happen is second to none, and we value not only the content of their reporting but the editorial thought on what it all means both in the present as well as the future. If we were asked to give a rating, it would be five out of five stars.

- By Craig Levra, CEO, Sport Chalet
Always a good daily read
Always a good daily read

Shop-Eat-Surf creates a good source of timely information about the industry. The site makes all types and size companies feel part of a community where everyone is stoked to hear about other companies successes and ideas. It is always a good daily read.

- By Ted Li, VP of North America, Oakley
Industry Insight

SDSI recaps FundSource OR success. Four reasons for B2B companies to embrace ecomm from NuORDER.

Details on Industry Insight.


Tiffany Montgomery
Print This Article

Luxottica: Record results for Q2 2010

By
July 26, 2010 9:33 AM

Press Release Source: Luxottica Group S.p.A. On Monday July 26, 2010, 11:42 am

MILAN, July 26 /PRNewswire-FirstCall/ -- The Board of Directors of Luxottica Group S.p.A. (MTA: LUX; NYSE: LUX), a global leader in the design, manufacture and distribution of fashion, luxury and sports eyewear, met today and approved the consolidated results for the second quarter and first half of the year ended June 30, 2010 in accordance with IAS/IFRS.

Second quarter of 2010(1) – IAS/IFRS

(In millions of Euro) Q2 2010 Q2 2009 Change

Net sales 1,595.1 1,401.6 +13.8% (+6.5% at constant exchange rates(2))

Operating income 258.3 203.3 +27.1%

Net income 150.1 115.3 +30.1%

Earnings per share 0.33 0.25 +29.6%

In US$ 0.42 0.34 +20.9%

First half of 2010(1) – IAS/IFRS

(In millions of Euro) H1 2010 H1 2009 Change

 Net sales 2,986.8 2,714.0 +10.1% (+6.7% at constant exchange rates(2))

 Operating income 429.6 357.5 +20.2%

 Net income 245.1 194.1 +26.3%

Earnings per share 0.53 0.42 +25.9%

In US$ 0.71 0.57 +25.4%

Operating performance for the second quarter of 2010

For Luxottica, the second quarter reflected the strongest results in the Group's history. For the first time ever, quarterly net sales approached euro 1.6 billion, with net income reaching euro 150 million. Both Divisions contributed to the achievement of this excellent result, successfully reaping the benefits of the extraordinary work carried out during recent quarters and confirming the strength of the Group's brands while strengthening our market position.

Please see page 2 for comments from CEO Andrea Guerra,
plus consolidated and wholesale results

 

Previous 1 2 3 Next

More on: Oakley, Luxottica

Articles You Might Have Missed