The earnings call presented a mixed yet overall positive outlook for EssilorLuxottica. With strong revenue growth, successful product innovations, and strategic acquisitions, the company demonstrated resilience and strategic foresight. Challenges in North America growth and inflationary pressures were noted, yet operational efficiencies and strategic investments helped enhance profitability.
Company Guidance
During the EssilorLuxottica Q2 2024 earnings call, the company provided guidance reflecting strong financial performance and strategic growth initiatives. The company reported a 5.2% increase in top-line growth at constant currency, aligning with long-term targets, and a 50 basis point expansion in operating profit margin. EssilorLuxottica highlighted significant advancements in its innovation pipeline, including the Ray-Ban Meta, which outperformed its predecessor, Ray-Ban Stories, in sales. Additionally, the company is preparing for the launch of Nuance Audio in the U.S. by the end of 2024, following FDA submission. The acquisition of Heidelberg Engineering and the Supreme brand aligns with the company's strategic objectives, poised to enhance capabilities in ophthalmic applications and access to younger demographics. Despite challenging conditions in the U.S. market, EssilorLuxottica remains confident in achieving its 2026 targets, with continued focus on balancing revenue growth and margin expansion.
Strong Revenue Growth
EssilorLuxottica delivered a top line growth of 5.2% at constant currency in Q2, aligned with long-term guidance.
Successful Product Innovations
Ray-Ban Meta sales surged, nearly matching the entire life sales of Ray-Ban Stories at launch. Stellest lenses showed effectiveness in slowing myopia progression by 1.75 diopters over 5 years.
Strategic Acquisitions
Acquired Heidelberg Engineering and Supreme brand, expected to enhance ophthalmic applications and access to younger consumers.
Operational Efficiency
Operating margin improved by 50 basis points, driven by strategic investments and cost control.
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Essilorluxottica (OTC) (DE:ESLC) Earnings, Revenues Date & History
The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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DE:ESLC Earnings-Related Price Changes
Report Date
Price 1 Day Before
Price 1 Day After
Percentage Change
Jul 25, 2024
€97.00
€96.00
-1.03%
Feb 14, 2024
€92.94
€91.96
-1.06%
Jul 25, 2023
€86.06
€85.57
-0.57%
Feb 23, 2023
€83.86
€82.89
-1.16%
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Essilorluxottica (OTC) (DE:ESLC) report earnings?
Essilorluxottica (OTC) (DE:ESLC) is schdueled to report earning on Mar 07, 2025, TBA Not Confirmed.
What is Essilorluxottica (OTC) (DE:ESLC) earnings time?
Essilorluxottica (OTC) (DE:ESLC) earnings time is at Mar 07, 2025, TBA Not Confirmed.
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