By Andrea Figueras

EssilorLuxottica, the maker of Ray-Ban glasses, reported higher sales for the first half, buoyed by the success of its products featuring artificial intelligence.

The Franco-Italian eyewear group said Monday that it logged revenue of 14.02 billion euros ($16.46 billion) for the first six months, 7.3% higher than in the prior-year period at constant exchange rates. The result compares with analysts' forecasts of 14.07 billion euros, according to a poll of estimates compiled by Visible Alpha.

For the second quarter alone, the group booked sales of 7.175 billion euros, also up 7.3% on year excluding currency movements, showing a stable growth rate compared with the previous three months.

Last year, EssilorLuxottica extended a partnership with Facebook parent Meta to develop smart eyewear products, as part of its push into AI.

Smart glasses gained further traction during the first half, with Ray-Ban Meta revenue more than tripling compared with the same months last year, the group said.

In June, the group unveiled plans to launch a new range of Oakley-branded smart eyewear, which will be available later this summer.

"We are leading the transformation of glasses as the next computing platform, one where AI, sensory tech and a data-rich healthcare infrastructure will converge," it said, adding that both the success of Ray-Ban Meta and the launch of Oakley Meta glasses are major milestones for the firm.

Quarterly sales rose 5.5% in North America, as concerns about a slowdown in the U.S. arise due to the potential impact that President Trump's levies could have on demand.

Washington and Brussels announced on Sunday a preliminary trade and investment deal that puts baseline tariffs at 15% for most European goods after months of uncertainty in this global trade dispute.

Earlier this year, the company--which has luxury brands such as Chanel, Prada and Armani--said is would consider single-digit price increases in the U.S. across different product lines and distribution channels.

"We are keeping pace with our growth targets despite a volatile environment," the company said.

EssilorLuxottica maintained its mid-term targets of mid-single-digit annual revenue growth through 2026 at constant exchange rates, which would result in a revenue range of 27 billion to 28 billion euros. It also aims to deliver an adjusted operating margin of between 19% and 20% by the end of that period.

Net profit rose 1.6% to 1.39 billion euros during the first half, while operating profit grew 3.1% on year to 2.0 billion euros.

Write to Andrea Figueras at andrea.figueras@wsj.com

(END) Dow Jones Newswires

July 28, 2025 12:47 ET (16:47 GMT)

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