EssilorLuxottica posts 3rd straight quarter of double-digit growth

Investing.com -- EssilorLuxottica reported first-quarter revenue of €7,127 million, matching analyst consensus of €7.13 billion and marking a third consecutive quarter of double-digit growth, driven by strong demand for AI glasses and continued momentum in myopia management.

Revenue rose 10.8% at constant exchange rates and 4.1% at current rates compared to the same period a year earlier, with both the Professional Solutions and Direct to Consumer segments contributing equally to the performance.

Professional Solutions generated €3,362 million, up 10.8% at constant rates, while Direct to Consumer reached €3,764 million, up 10.7%, with comparable-store sales growing 7%.

North America was the standout region, up 12.5% at constant rates to €3,125 million, with Ray-Ban posting strong growth in AI glasses alongside double-digit gains in both sun and prescription segments. EMEA rose 9.5%, Asia-Pacific gained 9.8% and Latin America advanced 6.7%.

China accelerated into low-teens growth, supported by myopia management, where the group's portfolio expanded 26% globally. The Stellest myopia lens launched in the U.S. and has been rolled out to around 6,000 doors.

Chairman and CEO Francesco Milleri said the results reflect "the enduring solidity of our vision care and eyewear activities and a steady pipeline of innovation," adding that the company moves forward "with clarity and confidence" despite macroeconomic uncertainty.

EssilorLuxottica also completed its investment in Thai retailer Top Charoen, adding approximately 2,000 stores and bringing its global network to nearly 20,000 locations. The company's U.S.-listed ADRs were down 2.9% on Wednesday.

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