EssilorLuxottica Should Benefit from Smart-Glasses Push
Dow Jones09-29
0756 GMT - EssilorLuxottica's latest launches in smart eyewear should give it a boost, Stifel's Cedric Rossi says in a research note. The Franco-Italian group is expected to report an increase in sales for the quarter through September despite a tough comparison base in the third and fourth quarters. The company has faced fragile consumer sentiment, but the contribution from smart eyewear could help it stand out, the analyst says. During the Meta Connect event last week, EssilorLuxottica and the Facebook owner unveiled the launch of new glasses featuring artificial intelligence as well as plans to expand the category to other markets. Shares are up 1.5%.
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