EssilorLuxottica reports Q2 revenue EUR 6.7B, consensus EUR 6.64B

The company said, “Revenue growth in the second quarter was spread across all the business areas, by region, category, channel and price point, with the exception of the sun retail in the US, which posted a negative performance on the back of a softening market demand. Overall North America remained positive, up 2.3% at constant exchange rates1, but decelerated versus the first quarter. At the opposite, EMEA gained further traction, up 10.6% at constant exchange rates1, with both segments accelerating together, as a result of the open model strategy aimed at growing the overall market. Asia-Pacific stood out as the best performing region in the quarter, up 23.9% at constant exchange rates1, thanks to the business rebound in Greater China, boosted by Stellest. Latin America rose 9.3%, sustained by both segments.”