EssilorLuxottica Right to be Cautious

Dow Jones10-21

0541 GMT - It is smart for EssilorLuxottica to sound a wary note about the year's final quarter, analysts at Bernstein say. The Franco-Italian eyewear titan reported a 9% increase in third-quarter revenue, including a 20% surge in wearables, a category that includes the group's AI-powered Ray-Ban and Oakley smartglasses, made in partnership with Meta Platforms. But that rise could be much less for the year's fourth quarter against a tough comparison base, following a big leap in sales of smartglasses at the end of 2025, Bernstein notes. Meanwhile, competitor Google is set to launch its own version of smartglasses this autumn. "If competitor smartglasses proved at some point to be compelling--and that remains an if--the first casualty will be once again EssilorLuxottica's multiple," the brokerage warns.

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