Amid Falling Q1 Sales, Safilo Says Portfolio Is Solid [Yahoo! Finance]
ESSILOR LXTTCA UNSP/ADR (ESLOY)
NASDAQ:AMEX Investor Relations:
essilor.com/en/investors
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Source: Yahoo! Finance
The quarter was hit in part by the loss of its Jimmy Choo license, which ended at the end of December. Jimmy Choo inked a deal with the world's largest eyewear manufacturer EssilorLuxottica for a 10-year license agreement last June. More from WWD Oddity Surpasses Wall Street Forecasts in Q1, Lifts Full-year Outlook Coty Continues to Ride Fragrance Boom K-Way to Debut First Eyewear Collection With Marcolin in 2025 In a statement released Tuesday, Safilo said its sales dropped to 277.2 million euros, down 3.5 percent compared with 287.2 million euros in the same period last year. At constant exchange rates, sales edged down 1.8 percent. In a conference call with analysts, chief executive officer Angelo Trocchia said the results were in line with expectations. The second quarter, Trocchia said, is already looking up. “Overall, April was a positive month driven by a continuation of a very solid trend in Europe, where in North America performance was better than the first quar
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