LUXGF - Luxottica Group S.p.A.

Other OTC - Other OTC Delayed Price. Currency in USD
63.40
-0.60 (-0.94%)
As of 1:54PM EDT. Market open.
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Previous Close64.00
Open63.46
Bid0.00 x 0
Ask0.00 x 0
Day's Range63.40 - 63.46
52 Week Range55.01 - 64.30
Volume386
Avg. Volume820
Market Cap31.04B
Beta0.20
PE Ratio (TTM)25.26
EPS (TTM)2.51
Earnings DateN/A
Forward Dividend & Yield1.24 (1.93%)
Ex-Dividend Date2018-04-23
1y Target EstN/A
Trade prices are not sourced from all markets
  • A new eyewear brand is taking on Luxottica with a single wire, some seed funding and a sustainability story
    TechCrunch28 days ago

    A new eyewear brand is taking on Luxottica with a single wire, some seed funding and a sustainability story

    A U.K.-based startup has come up with a new design for high-end, direct-to-

  • Reuters2 months ago

    Luxottica's first quarter sales hurt by bad weather, distribution clean-up

    Ray-Ban owner Luxottica (LUX.MI) stuck to its full-year outlook after first-quarter revenue fell 0.8 percent net of currency swings due to bad weather and efforts to better control wholesale distribution. Luxottica expects to conclude in May a planned merger with lens maker Essilor (ESSI.PA) to create a 50 billion euro (44 billion pounds) eyewear giant better able to tap demand for glasses from an ageing world population as competition stiffens. Luxottica's wholesale revenue fell 4.2 percent annually at constant currencies in the first quarter as bad weather in Europe in March led shopkeepers to delay orders.

  • Reuters2 months ago

    French group Essilor first-quarter sales fall as Luxottica merger nears close

    French eyewear company Essilor (ESSI.PA), which is in the process of merging with Italian peer Luxottica (LUX.MI), reported a dip in first-quarter sales on Friday as currency swings impacted its business. A rising euro can make products more expensive for overseas buyers, and also impact revenues earned in dollars when they are translated back into euros. "After this sound start to the year, notably thanks to good performances in sunwear and e-commerce, we are confident that we will meet our full-year targets as the rollout of new products gathers pace over the next few months," said Essilor Chairman and Chief Executive Hubert Sagnières.

  • Reuters2 months ago

    Luxottica chairman says China may seek 'minor restrictions' to clear Essilor deal

    China's competition authorities may ask for minor restrictions before clearing a merger between Italian eyewear group Luxottica (LUX.MI) and French lens manufacturer Essilor, Luxottica chairman said. Speaking on the sidelines of the Milanese group's annual general meeting, Chairman Leonardo Del Vecchio said the relative size of the two groups' Chinese operations made it more likely that the adjustments requested could affect Essilor rather than Luxottica.

  • What Can We Expect From Luxottica Group Sp.A.’s (BIT:LUX) Earnings In Next 12 Months?
    Simply Wall St.3 months ago

    What Can We Expect From Luxottica Group Sp.A.’s (BIT:LUX) Earnings In Next 12 Months?

    Based on Luxottica Group Sp.A.’s (BIT:LUX) earnings update in December 2017, it seems that analyst forecasts are fairly bearish, with earnings expected to decline by -5.40% in the upcoming yearRead More...

  • Reuters4 months ago

    EU, U.S clear Essilor's 48 billion euro merger with Luxottica

    PARIS/BRUSSELS (Reuters) - European and U.S. competition regulators on Thursday approved the 48-billion-euro ($58 billion) merger of Italian eyewear maker Luxottica and French lens manufacturer Essilor, sending shares in both companies higher. The proposed tie-up between Luxottica, which owns brands including Ray-Ban and Oakley, and Essilor, which sells lenses under the Varilux brand, is aimed at taking advantage of expected strong demand for prescription spectacles and sunglasses as populations age globally. "We've received feedback from nearly 4,000 opticians in a market test in Europe that Essilor and Luxottica would not gain market power to harm competition," EU Competition Commissioner Margrethe Vestager said, approving the deal without conditions.

  • EU, U.S clear Essilor's 48 billion euro merger with Luxottica
    Reuters4 months ago

    EU, U.S clear Essilor's 48 billion euro merger with Luxottica

    PARIS/BRUSSELS (Reuters) - European and U.S. competition regulators on Thursday approved the 48-billion-euro ($58 billion) merger of Italian eyewear maker Luxottica (LUX.MI) and French lens manufacturer Essilor (ESSI.PA), sending shares in both companies higher. The proposed tie-up between Luxottica, which owns brands including Ray-Ban and Oakley, and Essilor, which sells lenses under the Varilux brand, is aimed at taking advantage of expected strong demand for prescription spectacles and sunglasses as populations age globally. "We've received feedback from nearly 4,000 opticians in a market test in Europe that Essilor and Luxottica would not gain market power to harm competition," EU Competition Commissioner Margrethe Vestager said, approving the deal without conditions.

  • EU clears merger of Essilor, Luxottica without conditions
    Reuters4 months ago

    EU clears merger of Essilor, Luxottica without conditions

    The European Commission on Thursday approved the 48-billion-euro merger of eyewear groups Luxottica and Essilor without setting conditions, saying the merger would not harm competition. "We've received ...

  • Reuters4 months ago

    EU clears merger of Essilor, Luxottica without conditions

    BRUSSELS (Reuters) - The European Commission on Thursday approved the 48-billion-euro (42.55 billion pounds) merger of eyewear groups Luxottica and Essilor without setting conditions, saying the merger ...

  • Luxottica sees steady growth ahead as Essilor deal closing nears
    Reuters4 months ago

    Luxottica sees steady growth ahead as Essilor deal closing nears

    Ray-Ban owner Luxottica (LUX.MI) said on Monday it expected to close its proposed merger with lens maker Essilor (ESSI.PA) by mid-2018 while forecasting steady growth in its own sales and profits for the year. Luxottica, which makes spectacles for luxury brands such as Chanel, said its expected sales to grow between 2 and 4 percent this year, net of currency swings, after a 2.2 percent rise in sales for 2017 to 9.16 billion euros. The group said adjusted operating profit in 2018 would grow in line with sales or slightly less, while the increase in adjusted net profit could be as much as twice that of sales thanks to lower taxes and interest payments.

  • Reuters4 months ago

    Luxottica sees steady growth ahead as Essilor deal closing nears

    Ray-Ban owner Luxottica said on Monday it expected to close its proposed merger with lens maker Essilor by mid-2018 while forecasting steady growth in its own sales and profits for the year. The deal agreed a year ago to create an industry leader worth 48 billion euro ($59 billion) is awaiting regulatory clearance in Europe, the United States and China after receiving an unconditional green light on Friday from Brazil's competition watchdog. Luxottica, which makes spectacles for luxury brands such as Chanel, said its expected sales to grow between 2 and 4 percent this year, net of currency swings, after a 2.2 percent rise in sales for 2017 to 9.16 billion euros.

  • Reuters5 months ago

    Luxottica sees strong adjusted net profit growth after full-year sales meet guidance

    Italy's Luxottica (LUX.MI), the world's biggest eyewear maker, sees 2017 adjusted net income growing strongly after a robust fourth quarter helped it to meet its full-year sales guidance. Luxottica is awaiting antitrust approval of the 50 billion euro (43.97 billion pounds) merger it agreed a year ago with rival Essilor (ESSI.PA) to create a lens-to-frame manufacturer with a global shop network and a portfolio of top brands such as Ray Ban and Chanel. Luxottica had guided for a "low to mid" single-digit growth in 2017 sales at constant currencies and forecast a broadly similar rise in its adjusted operating and net profit.

  • Reuters5 months ago

    Luxottica sees strong adj. net profit growth after FY sales meet guidance

    Italy's Luxottica, the world's biggest eyewear maker, sees 2017 adjusted net income growing strongly after a robust fourth quarter helped it to meet its full-year sales guidance. Luxottica is awaiting antitrust approval of the 50 billion euro ($62 billion) merger it agreed a year ago with rival Essilor to create a lens-to-frame manufacturer with a global shop network and a portfolio of top brands such as Ray Ban and Chanel. Luxottica had guided for a "low to mid" single-digit growth in 2017 sales at constant currencies and forecast a broadly similar rise in its adjusted operating and net profit.

  • Korean Ace Has Eyes on Australian Open Prize, Oakley Endorsement
    Bloomberg5 months ago

    Korean Ace Has Eyes on Australian Open Prize, Oakley Endorsement

    Tennis star Chung Hyeon’s astigmatism isn’t hurting his game and may be helping him win another endorsement contract.

  • Motley Fool6 months ago

    Luxottica and Essilor Play the Waiting Game With Regulators

    Almost a year since announcing the deal, the two companies are still working to secure the necessary approvals from major markets.

  • Motley Fool6 months ago

    10 Stories That Dominated Consumer and Retail Headlines in 2017

    Whatever happened to Luxottica and Essilor? Why did T-Mobile and Sprint’s latest merger attempt fail? We go over these stories, and many more from 2017.

  • Reuters6 months ago

    Luxottica CEO exits eyewear giant ahead of Essilor merger

    Italy's Luxottica has parted ways with its fourth chief executive in three years as Chairman Leonardo Del Vecchio prepares the eyewear group he founded for a planned merger with France's Essilor. Luxottica, the biggest maker of spectacles, agreed in January to merge with the top lens manufacturer to create a 46 billion euro ($54 billion) group with a global shop network and brands from Ray Ban to Giorgio Armani and Burberry. Luxottica said on Friday Massimo Vian, CEO for products and operations, would step down three months before the expiry of the current board's mandate as it simplified its structure ahead of the merger.

  • Reuters6 months ago

    Luxottica CEO exits eyewear giant ahead of Essilor merger

    Italy's Luxottica has parted ways with its fourth chief executive in three years as Chairman Leonardo Del Vecchio prepares the eyewear group he founded for a planned merger with France's Essilor. Luxottica, the biggest maker of spectacles, agreed in January to merge with the top lens manufacturer to create a 46 billion euro ($54 billion) group with a global shop network and brands from Ray Ban to Giorgio Armani and Burberry. Luxottica said on Friday Massimo Vian, CEO for product and operations would step down three months before the expiry of the current board's mandate as it simplified its structure ahead of the merger.

  • Reuters6 months ago

    Luxottica CEO leaves group ahead of merger with Essilor

    Italian eyewear group Luxottica (LUX.MI) said on Friday Chief Executive Massimo Vian would leave the group, strengthening the powers of founder and Chairman Leonardo Del Vecchio ahead of a merger with France's Essilor (ESSI.PA). Ray-Ban maker Luxottica said Vian would step down three months before the expiry of his term. Vian's responsibilities will be handed over to both Del Vecchio and Deputy Chairman Francesco Milleri, a close aide of Del Vecchio, who would also take on the position of CEO.

  • Reuters6 months ago

    Exclusive: Luxottica, Essilor tie-up on track for unconditional EU okay - sources

    Italian eyewear maker Luxottica (LUX.MI) and French lens manufacturer Essilor (ESSI.PA) are set to win unconditional EU antitrust approval for their 48 billion-euro ($57 billion) merger, two people familiar with the matter said on Thursday. Having had some initial concerns about the deal between Luxottica, the world's biggest eyeglass frame maker and Essilor, the biggest lens maker, the European Commission is scheduled to decide by March 8 on whether to clear it.

  • Reuters6 months ago

    EU regulators to clear Luxottica, Essilor deal without conditions: sources

    Italy's Luxottica and French glasses group Essilor are set to win unconditional EU antitrust approval for their 48-billion-euro ($56.8 billion), two people familiar with the matter said on Thursday. The deal between Luxottica, the world's biggest eyeglass frame maker, and Essilor, the world No. 1 lens maker, would create a company that would make products ranging from Ray-Bans to Giorgio Armani frames and have a major eyeglass retail outlet. The European Commission, which had some initial concerns about the mega deal, declined to comment.

  • Business Wire6 months ago

    Tiffany & Co. Strengthens Eyewear Offering with Renewed Luxottica License Agreement

    Luxottica Group and Tiffany & Co. today announced the renewal of an exclusive license agreement for the development, production and worldwide distribution of sunglasses and prescription frames under the Tiffany & Co brand.