Sponsors
Billabong ▲ +0.015 | PPR ▲ +1.05 | American Apparel ▲ +0.008 | The Buckle ▼ -0.07 | Columbia ▼ -0.49 | Deckers Outdoor ▼ -0.13 | Dicks ▼ -0.15 | Foot Locker ▲ +0.12 | Genesco ▼ -2.64 | Iconix Brand Group ▲ +0.13 | Jarden Corp ▲ +0.16 | Nordstrom ▼ -0.39 | Luxottica ▲ +0.57 | Nike ▼ -0.27 | Pacific Sunwear ▼ -0.22 | Skullcandy ▲ +0.09 | Sport Chalet - 0 | Urban Outfitters ▲ +0.02 | VF Corp ▲ +0.30 | Quiksilver ▼ -0.02 | Zumiez ▲ +0.20 | Macys ▼ -0.07 | Tillys ▼ 0.00 |
Ticker Sponsor
Readers Say
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
The first thing I look at
The first thing I look at

I find Shop-Eat-Surf to be a very useful and informative site that I enjoy browsing daily. Shop-Eat-Surf is the first thing I look at every morning to keep up-to-date on the latest talk, events, and happenings in the industry. I must say I am a fan of Shop-Eat-Surf.

- By Bobby Abdel, Partner, Jack's Surfboards
Industry Insight

AGENDA: Video recaps, 2015 show dates, "Love Made Me Do It" women's networking series on Wednesday.

STOKES ME: Deadline today to enter SIMA Humanitarian Fund's Bowl-a-thon fundraiser.

Details on Industry Insight.


Tiffany Montgomery
Print This Article

Luxury, U.S., Europe strong for Luxottica

By Tiffany Montgomery
October 25, 2010 9:27 AM

Sunglass and prescription glasses sales continued to strengthen for Luxottica Group S.p.A., the parent company of Oakley, Ray-Ban, Sunglass Hut and a multitude of other sunglass brands and retailers.

 

Interesting trends include the continued rebound of premium and luxury brand sales and the relative strength in key territories, including the U.S. and Europe.

 

Third quarter results

Net sales: €1.5 billion. Up 8.6% in constant currency, up 19.7% in reported currency.

 

Net income: €$101.9 million. Up 34.5%

 

European revenue: up 12.7%

 

U.S. revenue in U.S. dollars: up 8.5%

 

Emerging market revenue: up 26.2%

 

Wholesale

Premium and luxury brand revenue: up 18%

 

Ray-Ban and Oakley revenue: up double digits. Optical sales for both brands strong.

 

Total wholesale revenue: € 518.3 million. Up 12.4% in constant currency, up 20.7% in reported currency.

 

Operating income: $94.9 million, up 53.8%

 

Operating margin: 18.3%, up from 14.4% in the same period last year, partly due to a better price point/product mix, the company said.

 

Retail

The U.S. was a strong performer in the retail division.

 

Total retail revenue: €946.5 million. Up 6.5% in constant currency, up 19.2% in reported currency.

 

Sunglass Hut global same store sales: up 9.6%

 

U.S. Sunglass Hut same store sales: up 12.5%

 

Australia: continues to be a tough retail market

 

Retail operating income: €129.3 million, up 13.5%

 

Operating margin: 13.7%, down from 14.3% the same period last year.

 

 

 

 


Articles You Might Have Missed