0811 GMT - EssilorLuxottica's first-quarter update shows the Ray-Ban maker's resilience, but consensus estimates might still turn more cautious in light of uncertainty about the economy, tariffs and currency movements, Jefferies analysts say in a research note. The European eyecare company didn't provide formal guidance, but the gathering clouds might lead to lower expectations, Jefferies says. "Overall, we would not be surprised to see reported sales growth landing around 3%-4%, vs 7%-8% currently," the analysts say. Consensus estimates point to 2025 sales growth of 7.7% at constant currency, they add. In the first quarter, EssilorLuxottica reported sales growth of 7.3% at constant exchange rates, missing expectations of 8.1%, according to Jefferies. Shares fall 3.6%. (adria.calatayud@wsj.com)
(END) Dow Jones Newswires
April 24, 2025 04:11 ET (08:11 GMT)
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