EssilorLuxottica (EL) Q3 2026 TU earnings summary

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.