MILAN — High exposure to the U.S. market hit Luxottica Group SpA for the second straight quarter, but the Italian eyewear giant still expects to meet its full-year targets.
Luxottica, which has eyewear licenses with Chanel, Dolce & Gabbana, Prada and Versace, among others, said Thursday that second-quarter earnings fell 14.2 percent to 132.6 million euros, or $208 million at average exchange, hurt by the dollar’s slide against the euro and the slowdown in consumer spending, particularly in North America.
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