MILAN — A stronger euro and extraordinary events impacted Luxottica Group SpA’s performance in the third quarter. In the three months ended Sept. 30, sales at the Italian eyewear giant decreased 3.5 percent to 2.14 billion euros. At constant exchange rates, revenues inched up 0.8 percent. In the first nine months of the year, revenues rose 1.7 percent to 7.06 billion euros.
Business accelerated in July and August compared with the first half of the year but was curbed by a drop in September due to the hurricanes that hurt performance, mainly in North America, Mexico and China. Globally, these events led to a closure of about 800 group stores and the total loss of more than 4,000 retail days.
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Photographed by Kuba Dabrowski/WWD
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