EssilorLuxottica Sales Miss Estimates on Weaker China Market
- Result affected by slow sales of sunglasses in North America
- Sunglass Hut starting to show improvement, eyewear group says
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EssilorLuxottica SA said Thursday that deteriorating market conditions in China are taking a toll on the eyewear company’s sales.
Revenue for the three months ending in September rose 4% year-on-year at constant exchange rates to €6.44 billion ($7 billion), below a Bloomberg consensus estimate of a 5.3% increase.