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EssilorLuxottica grows in the third quarter, despite leaving heir

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Briefings

EssilorLuxottica reported €7.486 million revenue in Q3 2026, a 9% increase from the same period last year, driven by Asia-Pacific growth of 15.7% and wearables rising 20%. However, revenue growth slowed to 7.2% in Q3, down from 10.8% in Q1, while the departure of Leonardo Maria delVecchio following tensions with Francesco Milleri remains a key uncertainty.

Key points

• Q3 2026 revenue reached €7.486 million, a 9% year-over-year increase, with Asia-Pacific contributing 15.7% growth.
• Wearables segment grew 20% in Q3, while the portfolio of eyewear stores increased to 19,709 locations, up from 17,750 in 2025.

Context

The group's total nine-month revenue reached €22.304 million, representing an 8% increase over 2025, though quarterly growth has slowed from 10.8% in Q1 to 7.2% in Q3. The Asia-Pacific region led growth at 15.7%, while Europe and Middle East/Africa saw 7.5% growth.

Limitations

Growth trends are inconsistent across quarters, with Q3 declining from Q1 and Q2. The departure of Leonardo Maria delVecchio following tensions with Francesco Milleri is unconfirmed, and specific reasons for the slowdown remain unclear.

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