Oakley revenue exceeds $1 billion in 2010

Luxottica, the parent company of Oakley, said this morning that Oakley net sales exceeded $1.1 billion in 2010.

It was Oakley’s fifth year of double-digit growth.

For 2011, Luxottica is forecasting Oakley revenue will grow 10%.

Major growth drivers include:

– expansion in India, China, Brazil and Europe

– the optical business, with TrueDigital techology launching in Europe and Asia-Pacific regions. Optical sales grew 15% in 2010.

– sunglasses, which are expected to grow double digits for both men and women