ESSILORLUXOTTICA: THIRD-QUARTER REVENUE ROSE 9.0% TO €7,486M, 7.2% AT CONSTANT RATES; WEARABLES EXPLAIN ALMOST ALL OF THE SLOWDOWN
By Pau Almar · Published
Q3 2026 · 20 OCTOBER 2026
EssilorLuxottica reported revenue of €7,486m for the third quarter of 2026, up 9.0% on €6,867m and up 7.2% at constant exchange rates. Nine-month revenue was €22,304m, up 6.8% and 8.9% at constant rates. The release contains no profit, margin or cash-flow figure, and no numeric guidance for 2026.
Revenue growth at constant rates was 10.8% in the first quarter, 8.7% in the second and 7.2% in the third. Eyecare & Medtech, the Group excluding wearables, grew 6.0%, 6.4% and 6.5% in the same quarters, so the gap between the two lines narrowed from 4.8 points to 0.7. Wearables revenue was €486m against €402m; in the fourth quarter of 2025 it was €1,091m.
// KEY NUMBERS
Q3 2026 revenue · three months to 30 September 2026
| Revenue | EUR 7,486m |
|---|---|
| Reported growth | +9% |
| Constant-currency growth | +7.2% |
Direct to Consumer reached €4,093m, up 10.6% at constant rates, and supplied 77.9% of constant-rate growth; Professional Solutions reached €3,393m, up 3.4% after 4.9% in the second quarter. Comparable-store sales rose 6.8%, so about 3.8 points of the retail segment's growth came from stores outside the comparable base and from e-commerce.
Asia-Pacific revenue was €979m against €822m, up 15.7%, and supplied 26.0% of the Group's constant-rate increase from 13.1% of revenue. The corporate store count is 15,695 against 13,684 at 31 December 2025, of which 1,950 of the 2,011 added are in Asia-Pacific. Currency added about €125m, 1.8 points, in the quarter.
The full-year 2026 results will show fourth-quarter Group growth at constant rates against the €1,091m wearables base of the fourth quarter of 2025, the gap between Direct to Consumer growth and comparable-store sales, and Professional Solutions growth against the third quarter's 3.4%.
Source: EssilorLuxottica Q3 2026 Revenue press release, 20 October 2026 ↗
Analysis by Pau Almar, VGR.
VGR analysis is an independent commercial reading of publicly disclosed company information, written from the perspective of a fashion retail sector operator. It is not investment research and it is not advice to buy, sell or hold any security. VGR is not a regulated financial adviser. Figures are taken from official company materials; figures derived by VGR are labelled as such. Readers should reach their own conclusions and take professional advice where appropriate.
More on EssilorLuxottica: all VGR analysis and reported figures →