EssilorLuxottica Shines a Light into Wearables

Dow Jones10-21

0813 GMT - EssilorLuxottica's setting out of revenue numbers for its smartglasses category is good for transparency, Alexandre Germann at Baader Europe writes in a note. The Franco-Italian eyecare behemoth set out for the first time specific figures for its wearables division, home to its AI glasses made with Meta tech, as well as its audio glasses. Wearables remains a small proportion of overall revenue, contributing 486 million euros to a total 7.49 billion euros in the most recent quarter. "We see this as a clear positive for transparency, as it highlights the strength and size of the base business," Germann says.

 

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