A logo of EssilorLuxottica exhibition space is displayed at SILMO in Villepinte, near Paris, France September 24, 2022.
REUTERS/Benoit Tessier/File Photo Acquire Licensing RightsOct 19 (Reuters) - Luxury eyewear maker EssilorLuxottica (ESLX.PA) on Thursday reported third-quarter revenue of 6.3 billion euros ($6.68 billion) with Asia-Pacific sales growth of 11.75% bolstered by China.
Shares of luxury goods companies have come under pressure as cash-strapped consumers cut spending on high-end goods, while growth has also been slowing in China.
French luxury company LVMH (LVMH.PA) last week reported slower sales growth in the third quarter.
EssilorLuxottica reiterated its 2023 target of "mid-single-digit annual revenue growth" from 2022 to 2026 and an operating profit representing 19% to 20% of revenue by the end of that period.
Persons:
Benoit Tessier, Ray, Bernstein, EssilorLuxottica, Stéphanie Hamel, Olivier Sorgho, Jane Merriman
Organizations:
REUTERS, Thomson
Locations:
Villepinte, Paris, France, Asia, Pacific, China, North America