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Ray-Ban Meta glasses drive EssilorLuxottica surge

EssilorLuxottica’s shares surged over 10% to a record high Friday last week after reporting stellar quarterly results fueled by strong sales of Ray-Ban Meta smart glasses. The eyewear giant posted 6.9 billion euros ($7.4 billion) in Q3 revenue, up 11.7% YoY and marking its best quarterly performance. CFO Stefano Grassi revealed the AI-powered glasses contributed over 4 percentage points to growth. The stock reached 308 euros ($330) during trading, adding approximately 15 billion euros ($16.1 billion) to market value. Priced from $379 to $799, the glasses are currently available in limited physical stores with plans to expand to Canada and Europe by early 2026.

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