Sponsors
Billabong ▼ 0.000 | PPR ▲ +0.55 | American Apparel ▼ -0.013 | The Buckle ▼ -0.39 | Columbia ▲ +0.09 | Deckers Outdoor ▲ +0.26 | Dicks ▼ -0.02 | Foot Locker ▼ -0.18 | Genesco ▼ -0.06 | Iconix Brand Group ▼ -0.05 | Jarden Corp ▲ +0.15 | Nordstrom ▼ -0.15 | Luxottica ▼ -0.56 | Nike ▲ +0.51 | Pacific Sunwear ▼ -0.05 | Skullcandy ▼ -0.04 | Sport Chalet - 0 | Urban Outfitters ▼ -0.53 | VF Corp ▼ -0.01 | Quiksilver ▼ -0.01 | Zumiez ▼ -0.33 | Macys ▼ -0.37 | Tillys ▲ +0.05 |
Ticker Sponsor
Readers Say
Executive Edition rules
Executive Edition rules

“Shop-Eat-Surf” is now officially, the first stop in the morning for industry news. Accurate reporting, no sensationalism, and just the facts. Refreshing support to an incredible industry with a very bright future. Tiffany has cemented her role in the industry....the site is thought provoking, and inspirational. Learning the stories of others is incredibly useful. Great way to connect the retail community with the wholesale and financial, instantly and nationwide. ... And the Executive Edition rules.

- By Bob Hurley, Chairman, Hurley International
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
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

Oakley, Sunglass Hut Q3 results

By Tiffany Montgomery
October 29, 2012 6:45 AM

 

I’m catching up on the third quarter earnings released last week by Luxottica, the parent company of Oakley, Sunglass Hut and many other brands and retail chains.

 

In its investor presentation, the company provided some details about Oakley’s performance during the quarter.

 

Overall, Oakley’s sales rose double digits globally, with an 8% increase in wholesale sales in North America in U.S. dollars. In Europe, Oakley sales rose double digits.

 

Oakley retail comps in North America jumped 11.4%.

 

Sunglass Hut, the major sunglass retail player globally, recorded an 8.8% increase in retail comps overall. In the U.S., Sunglass Hut comps rose 8.4%.

 

Luxottica

Overall, Luxottica net sales rose 6.7% in constant currency to EUR 1.8 billion. Net income rose 30.6% to EUR 138.6 million.

 

Luxottica recorded high, single-digit sales growth in Europe. Sales in Spain turned positive, while sales in Italy were nearly flat, the company said.

 

Business was strong in Continental and Northern Europe, with France, Germany, the UK and the Nordics up double digits.

 

 

 


Articles You Might Have Missed