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Ray-Ban parent sees fourth year of 5%-plus growth

EssilorLuxottica, the parent company of Ray-Ban and a leading eyewear manufacturer, recently released its 2024 financial results, showing a 6% YoY increase in revenue to 26.51 billion euros ($28.45 billion), marking the group’s fourth consecutive year of growth exceeding 5%. During the period, revenue in North America grew by 3.1% to 11.98 billion euros ($12.86 billion), while Europe, the Middle East, and Africa saw a 7.9% growth to 9.76 billion euros ($10.47 billion). The Asia-Pacific market recorded a 9.3% rise to 3.25 billion euros ($3.49 billion), and Latin American recorded a 9.7% growth to 1.523 billion euros ($1.63 billion). Looking ahead, EssilorLuxottica reaffirmed its long-term goal of achieving mid-single-digit annual revenue growth by 2026.

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