EssilorLuxottica Growth Propelled by Meta Glasses Sales Boom
Ray-Ban Meta smart glasses at a Meta Platforms event in San Francisco.
Photographer: David Paul Morris/BloombergEssilorLuxottica SA reported an 18% surge in fourth-quarter sales, riding a boom in demand for AI-powered glasses that far surpassed analysts’ estimates.
Revenue totaled €7.6 billion ($9 billion) in the holiday period, the world’s biggest eyewear maker said Wednesday in a statement. Analysts surveyed by Bloomberg had expected a more than 11% sales jump, on the same constant currency basis reported by EssilorLuxottica.