Financial

Decline in revenue at Safilo in Q3 cushioned by Smith's rebound

By Pierre-Marie Bernard, Eyewear Intelligence 2023-11-08T04:48:00

Smith Optics

The Safilo Group has reported a second consecutive quarter of topline decline as total Q3 revenue dropped by 9.8 percent year-on-year to €260.4 million, with sales declining both in North America and Europe that together account for over 80 percent of sales. Aside from strong currency headwinds, the company attributed ...

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