EssilorLuxottica Reports Solid Revenue Growth for Q1 2024

CHARENTON-LE-PONT, France—EssilorLuxottica announced yesterday that consolidated revenue for the first quarter of 2024 was €6,335 million, representing a year-on-year increase of 5.5 percent at constant exchange rates compared with the first quarter of 2023. Francesco Milleri, chairman and CEO, and Paul du Saillant, deputy CEO at EssilorLuxottica commented, “We’re pleased to report another solid start to the year for the company, with every geography and business contributing to the positive performance.” The initial quarter of 2024 grew mid-single digit in line with the company’s long-term guidance.

Vision Source Wraps Up The Exchange 2024, Announcing Student Loan Debt Relief and Health Care Benefits Programs for Members

ORLANDO, Fla.—Vision Source, a North American network of independent private practice optometrists, has expanded its roster of offerings with two new programs for its membership of 4,500 optometrists and 3,000 locally owned practices. Announced at The Exchange 2024, Vision Source’s annual national meeting that was held this year from April 10 to 13 and attracted 3,100 members, staff and industry partners, the two individual programs offer the opportunity for student loan debt relief as well as employee health care benefits. See VMAIL’s additional coverage of The Exchange here.

April 26 Deadline Is Approaching for Submissions to VM's 2024 Top 50 U.S. Optical Retailers Report

NEW YORK—Vision Monday will be publishing its signature Annual Top 50 U.S. Optical Retailers Report in its upcoming June print/digital edition this year. VM's annual survey of regional and national retailers will collect and present sales and operations data for the calendar year ending Dec. 31, 2023. The deadline to submit information is April 26. "The Top 50 report and ranking will continue to examine U.S optical retail and ECP group revenues, and serves as a valuable resource to readers," said Anne Cooper, editorial director of Vision Monday and 20/20.

The National Average for Gross Revenue at ECP Locations Decreased for the Week of April 8–14, Jobson’s Latest Practice Performance Tracker Shows

NEW YORK—The national average for gross revenue at ECP locations decreased last week, April 8–14, when compared with the previous week at a rate of -4 index points. That places gross revenue at a level 2 index points above where it was at this point in time (Week 15) when compared with last year (2023), 1 point above the same period in 2022, 6 points above 2021, 101 points above 2020 and 15 points above 2019, according to Jobson’s most recent Practice Performance Tracker.

Inspecs Group Reports 2023 Full-Year Financial Results

BATH, England—Inspecs Group plc (LSE: SPEC), a global eyewear and lens design house and manufacturer, reported its 2023 full-year financial results. Group revenue for 2023 grew 1 percent to £203.3 million compared with £201.0 million in the same period last year. On a constant exchange rate basis, revenue decreased to £200.7 million (compared with £201.0 million in 2022). Gross profit for 2023 increased 4.7 percent year-over-year to £103.5 million. Cash generated from operations was £16.9 million, while net debt excluding leasing was £24.2 million.