0958 GMT - EssilorLuxottica reported a solid performance, confirming the company's resilient model in the current consumer environment,Stifel analysts Cedric Lecasble and Cedric Norest say in a note. The Franco-Italian eyewear group booked a 7.3% sales increase at constant exchange rates for the first quarter. The main uncertainty is related to tariffs, particularly those hitting Chinese-made frames imported to the U.S., the analysts say. The majority of the Ray-Ban frames sold in the U.S. were manufactured in China, including Ray-Ban Meta smart glasses, they add. The company is revisiting its supply-chain to mitigate the tariff turmoil. Shares fall 2.3%. (andrea.figueras@wsj.com)
(END) Dow Jones Newswires
April 24, 2025 05:58 ET (09:58 GMT)
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