EssilorLuxottica sales slide as investors turn wary of AI glasses [Yahoo! Finance]
ESSILOR LXTTCA UNSP/ADR (ESLOY)
NASDAQ:AMEX Investor Relations:
essilor.com/en/investors
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Source: Yahoo! Finance
Shares in EssilorLuxottica, the world's top maker of eyeglasses, slid on Thursday as analysts said investors have turned wary of AI glasses. The French-Italian company has pushed hard into wearable tech and has a tie-up with Meta for its Ray-Ban AI glasses. The nearly five percent drop in morning trading in Paris, whose overall market was up 0.1 percent, came despite the company posting Wednesday evening a 4.1 percent increase in first quarter sales to 7.1 billion euros ($8.3 billion). EssilorLuxottica did not provide a breakdown of AI glasses, but said they supported growth and the launch of Ray-Ban Meta's new optical-first styles had been a success. EssilorLuxottica's foray into "AI glasses is now seen as a source of risk, after initially being viewed as a major opportunity," analysts at Oddo BHF said in a note. "Following very satisfactory performance in previous quarters, the stock is going through a tougher patch in 2026," they added. While first quarter sales met an
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