×
92 152
Fashion Jobs
NIKE
Marketing Director, Women's, Nike.Com & Nike App (Asia Pacific Latin America, Consumer Direct Marketing)
Permanent · Beaverton
NIKE
North America Sports Marketing Director of College Basketball
Permanent · Beaverton
NIKE
Transformation & Organizational Strategy Manager
Permanent · Beaverton
NIKE
Manager, Service And Operations Portfolio
Permanent · Beaverton
NIKE
Director, Digital Merchandising & Planning Analytics, North America
Permanent · Beaverton
ROSS
Store Protection Specialist
Permanent · Reading
ROSS
Store Protection Specialist
Permanent · Raleigh
PRIMARK
p&c Area Manager- Mid-Atlantic/Southeast
Permanent · BOSTON
BLOOMINGDALE'S
Asset Protection Visual Security Officer, Part Time - San Francisco
Permanent · SAN FRANCISCO
BLOOMINGDALE'S
Asset Protection Supervisor, Full Time: Fashion Valley
Permanent · SAN DIEGO
BLOOMINGDALE'S
Asset Protection Visual Security Officer, Full Time, Roosevelt Field
Permanent · Garden City
ABERCROMBIE AND FITCH CO.
Vice President, Enterprise Systems (Remote)
Permanent · Columbus
ABERCROMBIE AND FITCH STORES
Abercrombie & Fitch - Manager in Training, Palisades
Permanent · West Nyack
URBN
Urban Outfitters Visual Merchandising Manager
Permanent · SAN ANTONIO
URBN
Anthropologie Senior Design Director
Permanent · PHILADELPHIA
URBN
Anthropologie Visual Merchandising Manager
Permanent · PALM DESERT
ADIDAS
Senior Manager Human Resources - dc Operations
Permanent · WILKES-BARRE
GAP INC.
Asset Protection Service Representative - Gap Downtown Crossing
Permanent · Boston
NORDSTROM
Asset Protection - Agent - Cascade Plaza Rack
Permanent · Beaverton
NORDSTROM
Asset Protection - Agent - The Oasis at Sawgrass Mills Rack
Permanent · Sunrise
NORDSTROM
Asset Protection - Agent - Tacoma Mall
Permanent · Tacoma
NORDSTROM
Asset Protection - Agent - City Creek Center
Permanent · Salt Lake City
By
Reuters
Published
Oct 29, 2014
Reading time
2 minutes
Share
Download
Download the article
Print
Click here to print
Text size
aA+ aA-

Luxottica's stronger Q3 sales growth boosted by currencies

By
Reuters
Published
Oct 29, 2014

LONDON, United Kingdom - Sales at Italian luxury eyewear maker Luxottica grew faster in the third quarter than in the previous three months helped by a strong performance in emerging markets and more favourable currency effects.

The maker of Oakley and Ray Ban sunglasses is seeking to draw a line under two difficult months during which the company lost two successive chief executives, including 10-year veteran boss Andrea Guerra, who left after disagreements with founder and majority owner Leonardo Del Vecchio.

Luxottica Monument to Eyewear Agordo at the group's headquarters in Italy | Source: Luxottica


Luxottica said on Wednesday sales in the three months to September rose 5.5 percent from a year ago to 1.88 billion euros ($2.4 billion). The sales increase was hardly changed when factoring in exchange rate movements.

Analysts had looked for third-quarter revenues of 1.92 billion euros according to a Thomson Reuters SmartEstimate but Luxottica said an accounting change at its EyeMed unit had a negative 23 million euro impact on sales.

Earlier this year the strength of the euro took a toll on Luxottica, which reaps more than half its sales from the United States. Second-quarter net sales rose 2 percent although growth was more than three times that before currency effects.

Operating profit met expectations at 281 million euros in the third quarter, up 10 percent from a year earlier despite a 15 million euro payout to Guerra.

Luxottica said Massimo Vian, chief operating officer since 2010, had taken on all executive powers until becoming co-chief executive in January with veteran Procter & Gamble manager Adil Mehboob-Khan. Both joined the board of directors on Wednesday.

1 US dollar = 0.7846 euro

© Thomson Reuters 2022 All rights reserved.