MILAN — Italian eyewear giant Luxottica Group SpA forecast a 16 percent drop in 2008 earnings after revenues slowed in the fourth quarter, and anticipates a challenging year.
Luxottica, which has licenses with Chanel, Dolce & Gabbana, Prada and Versace, among others, said Thursday it expected net profits in 2008 of about 400 million euros, or $588.5 million, and cut its earnings-per-share forecast to 0.88 euros, or $1.14, from previous guidance of between 0.96 euros, or $1.24, and 0.98 euros, or $1.27. Both estimates exclude extraordinary items tied to a real estate transfer and the sale of a minor business, respectively.
"I think that all anyone really wants in life is to have people understand us for who we actually are, despite everything," says Ruth Negga. The actress talks "Preachers" season 2 and more on WWD.com. #wwdeye (📷: Dan Doperalski)
"That's something that resonates with me too because I'm so locked into a number. If I go over that number it completely ruins my day so it's nice to get detached from the number on the scale." - Chelsea Handler on Kelly LeVeque's book "Body Love." #wwdeye (📷: John Salangsang)