MILAN (BRAIN) — Luxottica SpA reported Monday that 2014 sales rose 5.3 percent to 7.7 billion euros ($8.9B) as strong performance in North American buoyed the eyewear giant’s bottom line. The company closed 2014 on a high note, with fourth-quarter net sales surging almost 15 percent to 1.9 billion euros ($2.21B) due in part to favorable exchange rates, stated Luxottica, parent of brands including Oakley and Ray-Ban.
Luxottica’s wholesale and retail divisions, the latter of which includes chain stores Sunglass Hut and LensCrafters, grew annual sales by 8.6 percent and 5.4 percent, respectively. Comparable-store sales in North America rose 3.3 percent for the year.
Overall North American sales rose 5.3 for the year and 12.2 percent in the fourth quarter.
“This performance can be attributed to the continuing appreciation of American consumers in Luxottica’s eyewear collections and confirms the strength of the business in both traditional and newer channels for this category, such as department stores and e-commerce,” Luxottica stated.
Luxottica is publicly on the New York Stock Exchange under the symbol LUX. Its stock performance is tracked on the BRAIN stock chart.
