By  on April 27, 2018

MILAN — A delayed sun season in Europe and the restructuring of its wholesale business in China affected Luxottica Group SpA’s performance in the first quarter of the year, but the Italian eyewear giant on Friday confirmed its positive outlook.

In the three months ended March 31, Luxottica saw revenues decline 10.7 percent to 2.13 billion euros, compared with 2.39 billion euros in the same period the previous year. At constant exchange rates, sales were down 0.8 percent.

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