EssilorLuxottica (EU:EL) shares rose more than 11% in early trading in Paris on Wednesday after the eyewear group reported third-quarter revenue above analysts’ expectations, supported by growth in its Direct-to-Consumer business and wearable technology products.
The company reported quarterly revenue of €7.49 billion, an increase of 9% compared with the previous year and above the market consensus estimate of €7.35 billion.
At constant exchange rates, revenue increased 7.2%, following double-digit growth in the corresponding quarter of the previous year.
The Direct-to-Consumer division generated revenue of €4.09 billion, representing growth of 10.6% at constant exchange rates. Comparable-store sales increased 6.8% during the quarter.
Professional Solutions recorded revenue of €3.39 billion, an increase of 3.4%, compared with double-digit growth in the same period last year.
All geographic regions contributed to the group’s revenue growth.
Asia-Pacific recorded the largest increase, with revenue rising 15.7% at constant exchange rates. Revenue in Europe, the Middle East and Africa (EMEA) grew 7.5%, while Latin America reported growth of 7.1%.
North American revenue increased 4.7% at constant exchange rates.
Across its product categories, EssilorLuxottica reported growth of 6.5% in its traditional Eyecare and Medtech business.
Wearables revenue, which includes artificial intelligence-enabled glasses and Nuance Audio products, increased 20% to €486 million.
The company’s myopia management portfolio also recorded growth, with revenue increasing 24% during the period.
Chairman and Chief Executive Officer Francesco Milleri and Deputy Chief Executive Officer Paul du Saillant commented on the group’s performance and the development of its product portfolio.
“Quarter after quarter, our Company continues to demonstrate the strength of its unique model,” the executives said.
They also highlighted upcoming product launches and the expansion of the group’s wearable technology range ahead of the holiday shopping period.
“As we head into the holiday season, new AI glasses launches and the rollout of Nuance Audio Plus are further strengthening our wearable portfolio, offering people new ways to engage with and navigate the world around them,” they said.
For the first nine months of 2026, EssilorLuxottica reported revenue of €22.3 billion, an increase of 6.8% on a reported basis and 8.9% at constant exchange rates.
Analysts currently expect the company to generate full-year revenue of €30.08 billion.
Looking beyond the current financial year, EssilorLuxottica outlined its objectives for the next five years, targeting continued revenue growth at constant exchange rates.
The company also intends to deliver growth in adjusted operating profit broadly aligned with its revenue performance over that period.
The third-quarter results reflected increased sales across the group’s geographic markets and business divisions, with wearable technology and direct-to-consumer activities contributing to overall revenue growth.
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