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Ray-Ban Maker EssilorLuxottica Posts Revenue Increase But Misses Expectations https://t.co/JnVOgQzyEi
Brunello Cucinelli Revenue Growth Beats Market Views Despite Luxury-Sector Slowdown https://t.co/iWOzjFDj5C
EssilorLuxottica's third-quarter revenue slightly misses estimates on the back of a negative performance from sunglasses in North America and worsening economic conditions in China https://t.co/RGiwhhhEc5
EssilorLuxottica reported its third-quarter revenue for 2024, which slightly missed market expectations. The company posted a revenue of EUR6.44 billion, falling short of the estimated EUR6.54 billion. Revenue excluding foreign exchange effects grew by 4%, compared to an expected 5.28%. North America revenue was EUR2.85 billion, just below the forecasted EUR2.86 billion. The shortfall was attributed to a negative performance from sunglasses in North America and worsening economic conditions in China.