Every region saw growth in the mid-single digits except North America, which accounts for approximately 45% of the company’s overall revenue and was up about 1.4%. On the wholesale side, the company’s Ray-Ban, Oakley and Prada products “continued to be the hottest frame brands,” per the release, with Ray-Ban seeing “healthy high-single-digit growth” and Prada’s licensed portfolio “up in the high teens.”Dive Insight:North America continues to drag on EssilorLuxottica’s bottom line. In Q1, revenue in the region grew a scant 0.6% year over year, which the company attributed to tough year-over-year comps. Sales were the strongest in the company’s second largest market, comprising Europe, the Middle East and Africa. In addition to its other brands, EssilorLuxottica owns Sunglass Hut and manufactures licensed eyewear for companies including Diesel, Ralph Lauren, Chanel, Coach and Burberry.

Source: The North Africa Journal July 27, 2024 04:58 UTC