Luxottica Sunglass Hut's comparable store sales go up
07 Nov '06
3 min read
Main drivers of this performance were another exceptional quarter by Ray-Ban and the strength and further improved penetration of the Group's luxury and fashion brands -- mainly Bvlgari, Chanel, Dolce & Gabbana, Prada and Versace.
In the retail business, the Group enjoyed another quarter of particularly strong results, especially from operations in North America.
LensCrafters posted another above-average quarter, while Sunglass Hut's comparable store sales rose by over 6.0%. Similarly, Pearle Vision posted its first full year of growth, with comparable store sales up to mid-single digits and further improvements in profitability.
In Asia-Pacific, the Group's optical business posted a positive quarter. Overall, operating margin for all of the Group's retail operations was a strong 13.4% for the quarter and 13.7% for the year- to-date period.
Results for the quarter and the year-to-date period reflect the impact of non-cash expenses for stock options(7) of euro 7.7 million and euro 28.7 million, respectively, compared with euro 5.8 million and euro 12.4 million for the comparable periods last year.
marketing@alchempro.com
