MILAN — Growth accelerated in the second quarter at Luxottica Group SpA, which registered an 11 percent gain in net profit and an all-time quarterly record in operating margin and free cash flow.
An upbeat Andrea Guerra, chief executive officer of the giant Italian eyewear company, told WWD this was achieved despite “an unfavorable exchange rate environment,” although this negative impact is “gradually declining as currencies stabilize” and the firm sees “a more favorable basis of comparison between the major currencies” in the start to the third quarter.
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