Decent quarterly results for Luxottica

Decent quarterly results for Luxottica

Italian glasses manufacturer Luxottica has performed well in its first quarter of 2015. The company, which owns brands like Ray-Ban and Oakley, had increases sales, mainly thanks to the United States.

Michael Kors glasses launched

Turnover grew an astonishing 20 % to 2.21 billion euro in its first quarter, mainly thanks to the weak euro compared to the dollar: excluding exchange rate fluctuations, turnover grew 5.3 %. More than half of Luxottica's turnover comes from North America, which now has a beneficial effect on its turnover. Not only did its turnover grow, its net profit also grew a lot, up 34 % to 210 million euro.

 

North American turnover grew 29 %, mainly thanks to the launch of a new collection of sunglasses from the well-known fashion brand Michael Kors.

Questions or comments? Please feel free to contact the editors


Twelfth straight growth quarter for Walmart

17/08/2017

American supermarket chain Walmart has surpassed analysts’ expectations for the previous quarter, the company’s twelfth straight growth quarter. The world’s largest supermarket chain especially benefited from a strong online growth.

FrieslandCampina sells fruit juice division

17/08/2017

Dairy company FrieslandCampina has sold its fruit juice division, which also contained the Appelsientje brand to Dutch investment firm Standard Investment.

Carlsberg's turnover increases despite lower volumes

16/08/2017

In the first half of the year, Danish beer brewer Carlsberg’s turnover grew 2 % to 31.8 billion krona (4.3 billion euro). The improves sales for its more expensive beers, like Grimbergen, contributed to this turnover increase.

Losses keep growing for HelloFresh

14/08/2017

In the first half of 2017, meal box delivery service HelloFresh has seen both its turnover and its losses grow significantly. This gives mixed messages in the preparation of its IPO, which is planned this fall to create room for more investments.

Italian gelato is European market leader

11/08/2017

Italian cuisine is revered all across the globe, with people often thinking of pizza and pasta. However, Italians also have an ironclad reputation when it comes to ice cream. This is also reflected in sales, as Italians are the European market leader.

Oprah Winfrey and Kraft Heinz join forces

10/08/2017

American tv star Oprah Winfrey has joined forces with Kraft Heinz to develop a range of “healthy and nutritious soups and side dishes”. The range, currently only available in the United States, should help Kraft Heinz generate turnover growth once more.

Back to top