Luxottica maintained its pace of growth in Q3 and posted a low single-digit rate amid a tough backdrop. Adjusted group sales were up 1.4% at constant rates (+1.2% reported) to €2,225m. Retail sales outperformed with a 4.4% surge to €1,425m, while wholesales slipped 3.6% to reach €800m. E-commerce sales surged 18% in Q3 sustained by an important online expansion. By region, the weak momentum in North America reduced sales slightly to €1,347m in Q3 compared to €1,357m a
25 Oct 2016
The slowdown continues in Q3
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The slowdown continues in Q3
Luxottica Group (LUX:BIT) | 0 0 1.7% | Mkt Cap: 24,484m
- Published:
25 Oct 2016 -
Author:
Rim BEN SALAH -
Pages:
2
Luxottica maintained its pace of growth in Q3 and posted a low single-digit rate amid a tough backdrop. Adjusted group sales were up 1.4% at constant rates (+1.2% reported) to €2,225m. Retail sales outperformed with a 4.4% surge to €1,425m, while wholesales slipped 3.6% to reach €800m. E-commerce sales surged 18% in Q3 sustained by an important online expansion. By region, the weak momentum in North America reduced sales slightly to €1,347m in Q3 compared to €1,357m a