EssilorLuxottica sales boosted by Meta AI glasses

Core Insights - EssilorLuxottica reported record third-quarter sales, driven by strong demand for AI-powered smart glasses, with revenue reaching 6.9 billion euros ($8.1 billion), marking an 11.7% year-on-year increase [1][2] Financial Performance - The company's quarterly sales exceeded the average forecast of 6.7 billion euros from an LSEG poll [2] - North America, the largest market for EssilorLuxottica, saw a 12.1% increase in quarterly sales compared to the previous year [2] Pricing Strategy - The company has raised prices in the U.S. in response to tariffs, expecting benefits from these increases in the second half of the year, although price hikes were not the primary driver of growth in North America [3] Production Capacity - EssilorLuxottica plans to accelerate production capacity for wearables, aiming to produce 10 million units annually ahead of the original timeline, now expected before the end of 2026 [4] Product Development - The second-generation Ray-Ban Meta smart glasses, launched in September at $379, have seen commercial success, with improvements in battery and camera features [5] - A new flagship model priced at $799 includes advanced AI features, such as a built-in display and a wristband for gesture commands, with plans for rollout in Canada, France, Italy, and Britain by early 2026 [6]