By Andrea Figueras

Ray-Ban glasses maker EssilorLuxottica said it entered the final three months of the year with strong momentum after posting record-breaking quarterly revenue that beat analysts' expectations.

The Franco-Italian eyewear group booked revenue of 6.87 billion euros ($8 billion) for the third quarter, a 12% increase at constant exchange rates compared with the same period a year earlier. Consensus expectations guided for revenue of 6.75 billion euros, according to a Visible Alpha poll of estimates.

The growth rate marks an acceleration from the second quarter, when the group logged a 7.3% increase, excluding currency movements.

The period was the group's best quarter since its formation following the merger of France's Essilor and Italy's Luxottica in 2018, Chief Executive Officer Francesco Milleri said.

Consumers' appetite for glasses featuring artificial intelligence remained strong and was boosted further by the presentation of the three new models, EssilorLuxottica said.

The company stepped into the smart-glasses space by teaming up with Facebook-owner Meta, with the category delivering a strong performance in recent quarters. While some analysts see smart-glasses as a strong opportunity for EssilorLuxottica, others point to rising competition and lower prices as key challenges.

The rise in quarterly revenue was driven by good results in the Europe, Middle East and Africa region, which posted growth of 13% at constant currency, and in North America, which recorded a 12% increase.

In the Asia-Pacific region, revenue climbed 10.5%. The market includes China, where the business saw an acceleration despite analysts' fears of a subdued performance.

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

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

(END) Dow Jones Newswires

October 16, 2025 12:57 ET (16:57 GMT)

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