ESLOF News and Press, EssilorLuxottica From 03/03/23

Summary EssilorLuxottica is my latest foray into the consumer Discretionary segment, namely in the industry of Eyewear and eye care. EssilorLuxottica is a vertically integrated business in the luxury segment, that came to be as a result of a non-trivial merger between a French and Itali...

EssilorLuxottica Société anonyme (ESLOF) Q4 2022 Earnings Conference Call February 23, 2023 4:30 AM ET Company Participants Giorgio Iannella - Head of Investor Relations Francesco Milleri - Chairman and Chief Executive Officer Paul du Saillant - Deputy Chief ...

The following slide deck was published by EssilorLuxottica Société anonyme in conjunction with their 2022 Q4 earnings call. For further details see: EssilorLuxottica Société anonyme 2022 Q4 - Results - Earnings Call Presentation

Summary There is a new ten-year license agreement between Swarovski and EssilorLuxottica. The company also extended its partnership with Ferrari and Brunello Cuccinelli. EssilorLuxottica confirmed its 2026 guidances. Irrelevant litigation with the French authority. Our buy rating is...

Summary EssilorLuxottica surprises analysts by reporting Q3 2022 revenues of €6.40 billion versus the expected €6.02 billion. The weak euro continues to benefit European exporting companies such as EssilorLuxottica. Price multiples are still not low enough to jus...

Summary EssilorLuxottica is stronger than the ongoing crisis. Revenues for the 3rd quarter were up by 8.2%. Double-digit growth was recorded in APAC and Latin America. Guidance confirmed so did our valuation. Supportive buyback ongoing. In June 2022, our internal tea...

Summary Armani's renewal partnership was EssilorLuxottica's first move. We are confident that luxury goods will show resiliency. Top management confirmed 2026 targets with expected revenues of €27-28 billion. Consumer spending has been extraordinarily resilien...

Dan Loeb's 13F portfolio value decreased from $7.68B to $4.22B this quarter. The number of positions decreased from 75 to 58. Third Point added Colgate-Palmolive, Antero Resources, Walt Disney, and T-Mobile US. They also increased Ovintiv. However, net equity exposure was cut sharply ...

France is one of the most consistently enticing markets in Europe. Our most successful investments have been in France, and we continue to be invested there, and EWQ has some similarly attractive features. The consumer discretionary focus is a little illusory due to the large expo...

Our buy case recap still holds. The operating leverage is clearly working. EssilorLuxottica is delivering value and growth. Net profit grew double-digit exceeding €1.5 billion. Since our initiation of coverage, EssilorLuxottica ( OTCPK:ESLOF ) is already up by...