Sign up for our free daily newsletter
Get the latest news and some fun stuff
in your inbox every day
EssilorLuxottica's third-quarter results were a sight for focused eyes, and a welcome one for some of our long-term clients who've held the stock for over five years. The world's largest eyewear group reported revenue up 11.7% to EUR6.87 billion, well ahead of forecasts, as its collaboration with Meta Platforms starts paying off.
Sales of the new Ray-Ban Meta and Oakley Meta AI glasses have been "exponential," helping wearables become a key growth engine alongside steady demand in sunglasses and vision care. Chairman Francesco Milleri said momentum remains strong heading into year-end, with booming wearable and medical tech divisions helping the group stay ahead of the curve.
EssilorLuxottica continues to buy its way deeper into innovation - snapping up RetinAI, and eye-care groups PUcore and Optegra. The market has rewarded the vision with shares up 53.2% year-to-date, proving that patience pays in style.
