0935 GMT - EssilorLuxottica's first-quarter sales demonstrate the company's resilience in the current macroeconomic environment, marked by U.S. tariffs and currency headwinds, Jefferies analysts write in a note. The Ray-Ban maker posted sales of 6.85 billion euros for the first three months, 7.3% higher on year at constant exchange rates. "The theoretical sensitivity of the eyewear industry to [macroeconomic] woes is offset by the need for vision correction solutions," the analysts say. However, a prolonged or more severe downturn could shift these dynamics, they add. Shares are down 2.6% at 250.50 euros. (andrea.figueras@wsj.com)
(END) Dow Jones Newswires
April 24, 2025 05:35 ET (09:35 GMT)
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