EssilorLuxottica AI Glasses-Led Sales Gains Disappoint
Ray-Ban Meta smart glasses on display in the window of a Ray Ban store in London.
Photographer: Hollie Adams/BloombergEssilorLuxottica SA reported a rise in first-quarter sales that disappointed investors, as a weaker dollar limited the gains from its AI-glasses partnership with Meta Platforms Inc.
First quarter revenue reached €7.13 billion ($8.36 billion), the world’s biggest eyewear company said Wednesday in a statement. While that met the average estimate of analysts tracked by Bloomberg, the 10.8% increase at constant currency was slightly below consensus.