Sponsors
Billabong ▲ +0.025 | PPR ▲ +4.25 | American Apparel ▼ -0.015 | The Buckle ▼ -0.49 | Columbia ▼ 0.00 | Deckers Outdoor ▼ -1.20 | Dicks ▲ +0.71 | Foot Locker ▼ -2.45 | Genesco ▲ +1.13 | Iconix Brand Group ▲ +0.08 | Jarden Corp ▼ -0.14 | Nordstrom ▲ +0.12 | Luxottica ▲ +0.99 | Nike ▲ +0.12 | Pacific Sunwear ▲ +0.12 | Skullcandy ▲ +0.13 | Sport Chalet - 0 | Urban Outfitters ▼ -0.13 | VF Corp ▲ +0.25 | Quiksilver ▲ +0.01 | Zumiez ▲ +0.17 | Macys ▲ +0.48 | Tillys ▲ +0.09 |
Ticker Sponsor
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

SIA SNOW SHOW: New "Industry + Intelligence" seminar on January 28.
FSG LAWYERS: Represented Brixton in recent transaction with Altamont Capital.
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