EssilorLuxottica Upbeat on Mid-Term Targets Despite Slowing Growth

EssilorLuxottica’s revenue growth slowed in the third quarter amid sluggish sales of sunglasses, but the company backed its longer-term financial targets.

The Franco-Italian eyewear giant made total revenue of €6.29 billion ($6.63 billion) in the July-September period, 5.2% higher than in the same period last year, adjusted for currency effects. This was in line with analysts’ expectations, according to a poll of estimates compiled by FactSet, but slightly slower than in the first half of the year.