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Stock impact report

EssilorLuxottica faces test to grow smart glass sales without hurting margins [Yahoo! Finance]

ESSILOR LXTTCA UNSP/ADR (ESLOY) 
NASDAQ:AMEX Investor Relations: essilor.com/en/investors
Company Research Source: Yahoo! Finance
The eyewear maker has benefited from being a first mover in ?AI-powered glasses, and in recent quarters sales of its Ray-Ban smart glasses, developed in partnership with Meta, supported EssilorLuxottica's growth. But ?the group's shares have fallen over 30% from a record high last November amid concerns over EssilorLuxottica's profitability and the prospect of new competitors in the smart glasses sector, ?three investors said. The Ray-Ban Meta smart glasses are less profitable than the group's core eyewear products and are reportedly the subject of talks with Meta to define strategies and prices, the investors said. EssilorLuxottica has said recently that its partnership with Meta is stronger than ever. The eyewear maker, which will report first-quarter revenue on Wednesday, has seen its market capitalisation fall to 100 billion euros ($117.62 billion), as of Friday's market close, from 149 ?billion euros last November. "There are two reasons (for the ?shares drop). First, th Show less Read more
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