Eyewear giant maintains strong revenue despite wearable device slowdown

Traditional eyewear sales cushioned EssilorLuxottica against a sharp slowdown in smart glasses growth.

EssilorLuxottica announced that demand for its smart spectacles moderated significantly in the latest quarter. Despite this deceleration in wearable technology sales, traditional optical products continued to deliver steady growth for the company. Overall revenues rose as standard frames successfully compensated for the softer tech segment.

• The growth rateWearable device revenues increased by 20% compared to a near-doubling in the preceding period.
• The core driverConventional frames and lenses remained the primary source of financial stability for the manufacturer.