Sponsors
Billabong ▼ -0.020 | PPR ▼ 0.00 | American Apparel ▲ +0.013 | The Buckle ▼ -0.61 | Columbia ▼ -0.23 | Deckers Outdoor ▲ +0.54 | Dicks ▼ -0.01 | Foot Locker ▲ +0.48 | Genesco ▼ -0.02 | Iconix Brand Group ▲ +0.19 | Jarden Corp ▼ -0.83 | Nordstrom ▼ -0.37 | Luxottica ▲ +0.82 | Nike ▼ -0.66 | Pacific Sunwear ▼ -0.04 | Skullcandy ▼ -0.01 | Sport Chalet - 0 | Urban Outfitters ▼ -0.16 | VF Corp ▲ +0.15 | Quiksilver ▼ -0.03 | Zumiez ▼ -0.39 | Macys ▼ -0.46 | Tillys ▲ +0.11 |
Ticker Sponsor
Readers Say
The most up-to-date information
The most up-to-date information

“Shop-Eat-Surf is a great source for the most up to date information of what is going on in our industry. I always enjoy reading the articles and appreciate the effort from Tiffany and her team."

- By Richard Woolcott, CEO and Founder, Volcom
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

MOSS ADAMS: Webinar 12/2 on internal controls to increase the value of your business.
AGENDA: 12/30 deadline to pre-register for Jan. 5-6 Long Beach show.
CIT TRADE FINANCE: Middle-market retailers cautiously optimistic for holiday.
Details on Industry Insight.


Tiffany Montgomery
Print This Article

Luxottica reports strong Q4 and year

By Tiffany Montgomery
January 25, 2011 6:11 AM

Sales and earnings improved in the fourth quarter for Luxottica, the parent company of Oakley, Ray-Ban and a multitude of other brands.

 

The company released preliminary results yesterday, and will release more details on Feb. 28.

 

The U.S. market showed particular strength in the fourth quarter, with sales rising 9% in U.S. dollars.

 

The company’s Sunglass Hut chain also recorded improved results, with same store sales rising 18% in the U.S.

 

Q4

Net sales: €1.3 billion. Up 6.5% in constant currency, up 16.4% in reported currency.

 

Wholesale revenue: €513.5 million. Up 7.4% in constant currency, up 14.4% in reported currency. Within the wholesale channel, sales rose 19.7% in North America, 5.4% in Europe, and 17.5% in Emerging markets.

 

Retail revenue: €833 million. Up 5.9% in constant currency, up 17.6% in reported currency.

 

Full year

Net sales: €5.8 billion. Up 7.1% in constant currency, up 13.8% in reported currency.

 

Net income: €400 million. Up 35%.

 

Looking ahead

Orders books in the wholesales division are up double digits, the company said.

 

 


Articles You Might Have Missed