National Vision Reports Double-Digit Sales Increase for Third Quarter

By Staff
Friday, November 8, 2019 8:12 AM National Vision reports double-digit sales increases, NECO examines opportunities in optometric education, Allergan reports gains for Q3, revenues rise for Bausch Health and Acuity Eyecare Group makes acquisition all topped this week’s VMAIL news feed. Click on the headlines below to catch up on anything you might have missed.

NECO Faculty, Students, and Stakeholders Examine Opportunities in Education

By Staff
Friday, November 8, 2019 8:09 AM BOSTON, Mass.—With a stated goal of "Preparing Today's Optometrists for Tomorrow's Optometry," the New England College of Optometry (NECO) convened a unique meeting here earlier this week to engage NECO students, faculty and stakeholders from the optometry and optical industry community to examine trends in optometric education. NECO faculty and students provided insight about curriculum evolution, student life, and the four-year educational journey to earn an OD degree. The invited guests, 75 attendees representing over 45 companies and media partners, included representatives of ASCO (Association of Schools & Colleges of Optometry) and the American Academy of Optometry. "The goal was to take part in an open dialogue to better understand the issues encountered by employers and industry with the ultimate goal of continuous improvement to better preparing students for the future," according to Howard Purcell, OD, FAAO, president and CEO of NECO.

Allergan Reports Third-Quarter Sales Increase of 3.6 Percent

By Staff
Friday, November 8, 2019 8:06 AM DUBLIN—Allergan plc (NYSE: AGN) reported Tuesday that its third-quarter sales rose 3.6 percent to $4.05 billion (on a GAAP basis), and that its non-GAAP operating income fell by almost 8 percent because of the impact divestitures and the loss of patent protection for some products, among other factors. However, Allergan said it was raising its full-year sales guidance (on a GAAP basis) by $200 million to a range of $15.625 billion to $15.825 billion.

Bausch Health 3Q 2019 Revenues Rise

By Staff
Friday, November 8, 2019 8:03 AM LAVAL, Quebec—Bausch Health Companies (NYSE/TSX: BHC) reported revenues of $2.209 billion for the third quarter ended September 30, 2019, which represented total company revenue growth of 3 percent. Excluding the unfavorable impact of foreign exchange of $15 million, the impact of a 2019 acquisition of $14 million and the impact of divestitures and discontinuations of $13 million, revenue grew organically by 4 percent compared to the third quarter of 2018, driven by organic growth in the Salix and Bausch + Lomb/International segments. The company said the increase was primarily driven by growth in the Global Consumer, International Rx and Global Vision Care business units. 

Acuity Eyecare Group Acquires Colorado-Based EyeCare Consultants

By Staff
Friday, November 8, 2019 8:00 AM DALLAS—Acuity Eyecare Group, an operator of N.A. optometry practices, has acquired EyeCare Consultants, a provider of optometry services in Centennial, Colo.

GrandVision Reports ‘Good Quarter’ of Sales, But Lowers Full-Year EBITDA

By Staff
Friday, November 1, 2019 10:12 AM GrandVision reports 'good quarter,' EssilorLuxottica reports solid growth, SECO opens registration, changes to VSP's Premier program, and Luxottica expands in Atlanta hub, all topped this week’s VMAIL news feed. Click on the headlines below to catch up on anything you might have missed.

EssilorLuxottica Reports Solid Growth for Year to Date

By Staff
Friday, November 1, 2019 10:09 AM CHARENTON-LE-PONT, France—EssilorLuxottica (Reuters: ESLX.PA) reported consolidated revenue of €13,086 million for the nine months ending Sept. 30, 2019, a year-on-year increase of 7.7 percent compared to the 2018 first nine months pro forma revenue, an increase of 4.3 percent at constant exchange rates. Essilor led this performance with sales growth of 8.9 percent on a reported basis and of 5.9 percent at constant exchange rates. Lenses & Optical Instruments were a key driver, with sales of €5,090 million, up 8.4 percent, and 5.6 percent at constant exchange rates.

SECO 20/20 Opens Registration and Seeks Nominations for Outstanding ODs

By Staff
Friday, November 1, 2019 10:06 AM ATLANTA—SECO International has announced that SECO, a leading conference providing the ophthalmic industry educational opportunities since 1924, has opened registration for the 20/20 industry event. With the kickoff of the registration cycle, the optometry community also is encouraged to recognize outstanding optometric professionals within the SECO member states with the annual call for nominations to award SECO Optometrist of the Year, SECO Paraoptometric of the Year, and SECO Young Optometrist of the Year. When SECO 20/20 is held March 4-8, 2020, in Atlanta, attendees will have access to more than 50 continuing education credits over the course of the five-day event, with more than 30 of the credits offered over the weekend. The event will feature an array of industry-leading continuing education geared to professionals in all areas: Optometrists, Ophthalmologists, Optometric Students/Residents; Opticians, Opticianry Students/Residents Paraoptometrics, Ophthalmic Medical Technicians, and Administrators, according to the announcement. SECO offers more than 400 hours of continuing education.

VSP Global Shares 2020 Enhancements to Premier Program for Private Practice

By Staff
Friday, November 1, 2019 10:03 AM RANCHO CORDOVA, Calif. And SCOTTSDALE, Ariz.—At the fifth annual SHIFT19 meeting in Scottsdale, Ariz., VSP Global introduced several major enhancements to the initiative in 2020, designed to support private practice doctors of optometry. VMAIL was onsite at the meeting, which had nearly 800 attendees, the largest ever for the Premier SHIFT meeting, VSP executives announced what was described as a "doubling down" on its investments in the Premier program for private practice. These include Premier Pathways, which will provide provides career and business solutions to doctors through two offerings—practice expansion support and recruitment matching services. A new education program, Premier Academy360 was also unveiled, along with additional supplier partnerships. Participation among VSP's network of providers now numbers 7,500 Premier locations, accommodating some 26 million patient visits with nearly 10 million of VSP's nearly 90 million members visiting Premier locations annually, executives said.

Luxottica to Expand Footprint in Atlanta Hub

By Staff
Friday, November 1, 2019 10:00 AM MCDONOUGH, Ga.—Luxottica plans to substantially increase the size of its main North American manufacturing and distribution operation, located here.

VSP Ventures Acquires Redhawk Vision Center of Southern California

By Staff
Friday, October 25, 2019 10:12 AM VSP Ventures makes Southern California acquisition, FYidoctors | Visique charts new path for foundation, Kering shows strong Q3 sales, Optometry Giving Sight names new board and Jobson launches EyeVote Reader’s Choice Awards all topped this week’s VMAIL news feed. Click on the headlines below to catch up on anything you might have missed.

FYidoctors | Visique Announces New Name and Mission for its Foundation

By Staff
Friday, October 25, 2019 10:09 AM CALGARY, Alberta—FYidoctors | Visique, an optometrist-owned eyecare company, has expanded in its corporate responsibility efforts with the revealing of the FYidoctors | Visique Enhancing Life Foundation, according to an announcement on Tuesday. Formerly known as the FYi Foundation for Sight, the foundation was originally created in March 2011 with the goal of improving access to eyecare and corrective vision needs for underserved patients, the announcement noted. Effective immediately, the foundation will focus on supporting charities that enhance the lives of all Canadians, no matter the social aspect they serve, according to the announcement.

With Strong Sales in Eyewear, Kering Achieves 14 Percent Sales Gain in Q3

By Staff
Friday, October 25, 2019 10:09 AM
PADOVA, Italy—Kering Group, the global luxury group overseeing fashion brands Gucci and Saint Laurent, on Thursday reported a 14.2 percent sales gain for its third quarter, which it attributed to “sustained, well-balanced growth across all houses.” Eyewear sales, which topped €100.1 million in the quarter, also stood out in terms of strong performance, according to the group’s announcement. The company did not release earnings information in the report on Thursday. The eyewear business—which Kering includes in its “corporate and other” business segment—achieved consolidiated sales of €100.1 million in the third quarter, which represented a 29.1 percent comparable increase over the year-ago period. (In a presentation on the company’s website, Kering noted that “total sales” of eyewear were €130 million in the third quarter.)

Optometry Giving Sight Establishes New Board of Directors

By Staff
Friday, October 25, 2019 10:03 AM GOLDEN, Colo.—Optometry Giving Sight (OGS) has established a new Board of Directors to oversee the organization, according to an announcement. Dr. Juan Carlos Aragon, president of CooperVision’s Specialty Eye Care Division, is the president of the new board. He previously served as Optometry Giving Sight’s chair of their Advisory Council U.S.A. and the Global Board for several years. Joining Dr. Aragón on the board are: Dr. Howard Purcell, president and CEO of the New England College of Optometry; Yvette Waddell, CEO of Brien Holden Vision Institute Foundation; Dr. Susan Cooper, former president of the World Council of Optometry; and Dr. Earl Smith, former Dean of the University of Houston College of Optometry.

Vote for Vision Monday's and 20/20 Magazine's EyeVote Reader’s Choice Awards

By Staff
Friday, October 25, 2019 10:00 AM
NEW YORK—Vision Monday and 20/20 Magazine are hosting the 11th annual EyeVote Reader’s Choice Awards to identify the optical industry’s favorite products and companies this year. These two Jobson Medical Information publications are teaming up once again this fall to get readers’ opinions by asking optical retailers’ and ECPs to identify their favorite products in 15 distinct categories: optical frames, spectacle lenses, sunglasses, Rx sun lenses, contact lenses, optical equipment for prescription labs, optical supplies, in-office lab equipment, diagnostic instruments, practice management software, EHR software, online ordering website, patient engagement systems, dispensing/measuring fitting systems and Social Purpose missions.