Here are some details about Oakley and Luxottica’s performance in the second quarter ended June 30.
Of note: Luxottica said sales of its premium and luxury brands have rebounded.
To see Luxottica’s press release, click here.
Oakley
Sales: up 11%
RX sales: up 30%
Women’s sales: up almost 40%
Polarized: still growing
Oakley sales grew double digits in France, Italy and Scandinavia, and RX is expanding in this territory as well.
Luxottica results
Total sales: up 13.8% to €1.6 billion. Up 6.5% in constant currency.
Wholesale: up 13.2% to €651 million. Up 7.8% in constant currency.
Retail: up 14.3% to €944 million. Up 5.6% in constant currency. Retail was strong in North America, weak in Australia.
Net income: up 30% to €150 million.
Ray-Ban sales: up double digits.
North America: sales up 8% to $1.2 billion as measured in dollars. Sunglass Hut recorded its highest ever North America sales in June.
North America Wholesale: up 15%.
Europe: Positive sales in Italy, Spain and Portugal. Sales in Greece fell 20%.
Emerging markets: up 30%.
Overall results were driven by good execution and currency benefits. The company is also benefiting from exploiting synergies between wholesale and retail, Luxottica said.
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