)
)
Business philosophy14 May 2024
The Brunello Cucinelli Story: Combining Elegance and Ethics
Explore the success of Brunello Cucinelli's unique blend of luxury craftsmanship and ethical business.
EssilorLuxottica
EssilorLuxottica (EL) investor relations material
EssilorLuxottica Q3 2026 TU earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q3 2026 TU earnings summary20 Oct, 2026
Executive summary
Q3 revenue reached €7,486m, up 7.2% at constant exchange rates and 9.0% at current rates, against a strong prior-year comparison.
9M revenue totaled €22,304m, up 8.9% at constant exchange rates and 6.8% at current rates.
Q3 growth was broad-based; wearables rose 20%, while Eyecare & Medtech grew over 6% in Q3 and 9M.
Financial highlights
Currency movements added 1.8 percentage points to Q3 revenue growth, as the U.S. dollar, British pound, Chinese renminbi and Australian dollar strengthened against the euro.
Q3 Professional Solutions revenue was €3,393m, up 3.4% at constant rates; DTC revenue was €4,093m, up 10.6%.
9M Professional Solutions grew 6.3% at constant rates; DTC grew 11.1%, supported by comparable-store sales, wearables and clinic/network consolidation.
DTC comparable-store sales rose 6.8% in Q3; e-commerce was slightly positive and 7% of total revenue.
Traditional-business growth was primarily price-mix driven, with positive volumes in analog frames and lenses; Q3 profitability benefited from FX, and AI-glasses profitability improved year over year.
Segment performance
Q3 regional growth at constant rates: North America +4.7%, EMEA +7.5%, Asia-Pacific +15.7% and Latin America +7.1%; 9M growth was +8.2%, +8.3%, +14.1% and +6.8%, respectively.
North America: B2B was low-single-digit; department stores grew double-digit, while sport and e-commerce declined amid tough comparisons and marketplace cleanup. LensCrafters comps rose mid-single-digit for a 15th consecutive positive quarter; Sunglass Hut comps rose 8%.
Europe grew 7.5% at constant currency; DTC recorded its eighth consecutive quarter of double-digit EMEA growth, while Professional Solutions was slightly positive.
Asia-Pacific growth included Top Charoen bolt-on M&A; growth remained double-digit excluding the acquisition, with Professional Solutions and DTC both delivering double-digit growth.
Latin America had its strongest quarter, growing 7.1%; Professional Solutions rose mid-single-digit and DTC double-digit, with Mexico and Colombia up high-single-digit.
Partial view of Summaries dataset, powered by Quartr API
AI can get things wrong. Verify important information.Research faster. Power your platform.
Latest events from EssilorLuxottica
- FY revenue grew 7.1% at constant rates, with 16.9% adjusted margin and €2.4B free cash flow.EL
H2 2023 - Revenue up 9.7% and profit up 15% in H1 2026, led by myopia and AI eyewear growth.ELH1 2026
- 2025 net sales up 11.2% to €28.5bn, €4.00 dividend proposed, and all resolutions approved.ELAGM 2026
- Q1 2026 revenue up 10.8%, led by double-digit growth and Asia expansion, with strong AI glasses sales.ELQ1 2026 TU
- Revenue up 11.2% to €28.5bn, record free cash flow, and €4.00 dividend proposed.ELH2 2025
- Q3 2024 revenue up 4.0% at constant rates, led by innovation and broad-based regional growth.ELQ3 2024 TU
- H1 2024 saw 5.3% revenue growth, margin expansion, and major strategic acquisitions.ELH1 2024
- Q1 2025 revenue up 8.1%, driven by EMEA, Asia-Pacific, and DTC growth.ELQ1 2025 TU
- Revenue up 6%, margin expands, and innovation in smartglasses and med-tech drives growth.ELH2 2024
EssilorLuxottica
AI chat
Ask anything. Verify everything.
Ask across every event and document from public companies. Each answer links back to the exact line in the transcript, slide or filing it came from.Learn moreFind what matters
AI across all first-party IR material. Live calls, transcripts, slides, filings.)
Trust every finding
50m+ first-party documents. Every output traceable to its source.Find what matters
AI across all first-party IR material. Live calls, transcripts, slides, filings.Trust every finding
50m+ first-party documents. Every output traceable to its source.Automations
Zero in on what matters
Define the prompt once. It runs the moment a company publishes or on a schedule you set. Outputs map to the exact signals you choose.Learn more)
Event-triggered research
Runs when a company publishes new material. Trigger on the first published document for the earliest possible run, or wait for a specific one.)
Scheduled research
Runs on a recurring cadence you set. Daily, weekly, monthly, or quarterly, for aggregate reads across a period rather than a single event.Event-triggered research
Runs when a company publishes new material. Trigger on the first published document for the earliest possible run, or wait for a specific one.Scheduled research
Runs on a recurring cadence you set. Daily, weekly, monthly, or quarterly, for aggregate reads across a period rather than a single event.Live audio & transcripts
Be first
Join any earnings call live in one click, with no manual registration. Follow the transcript as it happens and jump straight to the moments that matter.Learn more)
Live earnings calls
Join any call in one click. The audio keeps playing while you work elsewhere in Quartr.)
Live transcripts
Speaker-by-speaker, in real time. Searchable across every live and historical call.Live earnings calls
Join any call in one click. The audio keeps playing while you work elsewhere in Quartr.Live transcripts
Speaker-by-speaker, in real time. Searchable across every live and historical call.Quartr MCP connects your AI environment to 17K+ public companies
Pull live transcripts, filings, and slides into Claude or Codex via MCP. Combine Quartr's global IR data with any other dataset. Run agentic research and monitoring.
Included with Quartr Pro at no extra cost.Learn more
Quartr's AI stands out because it only pulls clean, first-party data from public companies. In investing, that's everything.
Jamie Ross
Investment Manager, GAM Investments
GAM
GAM
Research that used to take hours now takes seconds with Quartr Pro. Tracking shifts in tone or extracting tables, it's as simple as typing a query.
Tom O'Hara
Investment Director
Ciena
Ciena
Before Quartr we spent hours manually compiling insights through the peer earnings cycle. Now, these tasks are done faster, with greater precision.
Gregg Lampf
VP of Investor Relations
Protean
Protean
Being able to ask specific questions across years of transcripts and reports and instantly get verified answers is a game-changer.
Pontus Dackmo
CEO & Investment Manager
Related articles
)
Company research17 Jan 2024
EssilorLuxottica: Global Dominance Through Strategic Acquisitions
Explore EssilorLuxottica's key acquisitions and how they have shaped the company into a dominant force in the eyewear industry.
)
Company research17 Jan 2024
World Leading Conglomerates Built on Mergers & Acquisitions
Explore an in-depth look at some of the most successful companies in M&A, delving into specific deals and providing visual insights.
Frequently asked questions
Eyewear Giant
EssilorLuxottica is an Italian-French multinational corporation in the eyewear and eye care sector. The company focuses on the design, manufacture, and distribution of ophthalmic lenses, frames, and sunglasses. Formed in 2018 through the merger of Essilor, a French company specializing in ophthalmic optics, and Luxottica, an Italian eyewear conglomerate, EssilorLuxottica has a broad portfolio of iconic brands including Ray-Ban, Oakley, and many others. It has joint headquarters in Paris and Milan, and its shares are listed on the NYSE.
An Industry-Defining Merger
The merger between Essilor and Luxottica in 2018 marked a significant consolidation in the eyewear industry. Announced in January 2017 and completed in October of the following year, the merger brought together two complementary giants. Essilor's expertise in lens manufacturing and optical technology merged with Luxottica's strengths in frame design, brand portfolio, and extensive retail network. The new entity, EssilorLuxottica, aimed to create a vertically integrated business that could cover all aspects of eyewear, from production to distribution.
Focusing on Eyewear
The company's business activities span various aspects of the eyewear industry, encompassing everything from lens manufacturing, eyewear design, retail, and more. The lens manufacturing side, primarily driven by Essilor, focuses on producing optical lenses for customers with visual impairments. On the other hand, Luxottica is focused on manufacturing, and distributing fashion, luxury, and sports eyewear. Their portfolio includes a variety of well-known manufacturers, both in-house as well as several brands under licensing agreements.
EssilorLuxottica also has a significant retail presence, operating several chains of stores worldwide, including Sunglass Hut and LensCrafters while also selling products on platforms like Amazon. These retail outlets provide a direct channel for selling their products and offering eye health services like eye tests and professional consultations.
Growing through Acquisitions
EssilorLuxottica's strategy of acquiring eyewear companies is a key component of its growth and market dominance. This approach involves identifying and integrating smaller eyewear and eye care businesses into its expansive portfolio. Through these acquisitions, EssilorLuxottica diversifies its product offerings, expands its geographical reach, and strengthens its position in various segments of the market.
Further reading: EssilorLuxottica: Global Dominance Through Strategic Acquisitions