Luxottica closed 2017 with revenues of 9,1 billion euros, up 0,8% at current exchange rates and 2,2% at constant exchange rates. In the fourth quarter of last year alone, the company recorded a turnover of 2 billion, up 4,3% at constant exchange rates, but down 2,3% at current exchange rates, due to the "strong revaluation of the euro against the main currencies”. However, Luxottica showed an acceleration in sales in both divisions, wholesale and retail, and a positive performance in Europe, North America, Australia and Brazil.
The note from the eyewear company underlines that "the last three months of 2017 were the best of the year for the wholesale business, like-for-like retail sales, Sunglass Hut in the main geographies and e-commerce". In particular, the Wholesale division turnover amounted to 754 million euros (+4,7% at constant exchange rates, -0,4% at current exchange rates), while that of the Retail division amounted to 1,3 billion (+4,1% at constant exchange rates and -3,3% at current exchange rates).
In the fourth quarter, the Wholesale division reported double-digit sales growth in North America and Brazil. Retail division sales benefited from the contribution of new stores and like-for-like sales in line with Q2016 5. Sunglass Hut revenues increased XNUMX% at constant exchange rates. LensCrafters, engaged in the evolution of the business model, reports negative sales, but an improvement compared to the third quarter
Ray-Ban continues its growth in every segment and geography thanks to a strong global communication strategy and integrated omnichannel brand management. Oakley, with sales on the rise, posts the best quarterly growth in the last two years.
