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China propels EssilorLuxottica’s revenue

Luxury eyewear giant EssilorLuxottica reported a 7.1% increase in revenue in 4Q 2023, reaching $7.18 billion (6.25 billion euros), driven by strong performance in China and Brazil. While North America, its primary market, showed softer growth. EssilorLuxottica's executives expressed confidence in meeting their long-term targets, including mid-single-digit annual revenue growth and an operating profit margin of 19 percent to 20 percent by 2026, supported by investments in new projects like myopia management lenses and smart glasses.

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