The world leading eyewear provider is still experiencing tough market conditions. The first signs of recovery reported by luxury goods operators were missed by Luxottica. Sales were up by 1.9% at CER in Q1 (+5.2% reported) to €2,384m. Comparable store sales were down. Revenue was depressed in the wholesale channel which posted flat sales at CER (+2.5% reported) to €958m. Retail sales grew by a single digit 3.3% at CER to €1,426m (+7.1% reported). Wholesale deteriorated in North
02 May 2017
Depressed organic growth in Q1
Sign up to access
Get access to our full offering from over 30 providers
Get access to our full offering from over 30 providers
Depressed organic growth in Q1
Luxottica Group (LUX:BIT) | 0 0 1.7% | Mkt Cap: 24,484m
- Published:
02 May 2017 -
Author:
Rim BEN SALAH -
Pages:
2
The world leading eyewear provider is still experiencing tough market conditions. The first signs of recovery reported by luxury goods operators were missed by Luxottica. Sales were up by 1.9% at CER in Q1 (+5.2% reported) to €2,384m. Comparable store sales were down. Revenue was depressed in the wholesale channel which posted flat sales at CER (+2.5% reported) to €958m. Retail sales grew by a single digit 3.3% at CER to €1,426m (+7.1% reported). Wholesale deteriorated in North