Italian fashion eyewear giant Luxottica is forecasting another record-breaking financial year with earnings per share expected to rise year on year by 18 per cent.
The group anticipates a growth in consolidated sales of between 8 and 10 per cent reflecting an annual EPS growth of between 16 and 18 per cent. An average exchange rate would result in consolidated sales of between €4.9bn (£3.3bn) and €5.0bn.
Wholesale business sales are expected to rise by 15 per cent year on year which the company attributes to a stronger brand portfolio including the fresh launch of Polo Ralph Lauren focused advertising and marketing support.
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