EssilorLuxottica reported first-half adjusted operating profit of 2.75 billion euros, up 15% from a year earlier and beating analyst forecasts of 2.46 billion euros. US tariff refunds and a favourable price mix were the two main drivers of the profit increase. In North America, the company had raised prices last year to offset the impact of import tariffs. Second-quarter revenue came in at 7.7 billion euros, slightly below the expected 7.8 billion euros, but rose 8.7% on a currency-adjusted basis. Sales of AI-powered smart glasses co-developed with Meta Platforms nearly doubled, while revenue from myopia-related products grew 24%.
EssilorLuxottica S. A.Adjusted operating profit rose 15% to 2.75 billion euros, beating forecasts of 2.46 billion euros.
Meta Platforms Inc.Sales of AI-powered smart glasses co-developed with Meta nearly doubled, indicating strong product demand.