Investing.com - Financial Markets Worldwide

EssilorLuxottica adjusts strategy amid U.S. tariffs, boosts Meta smartglass outlook

Published 28/07/2025, 18:50
© Reuters.
ESLX
6.82%
META
0.69%

Investing.com -- EssilorLuxottica is working to diversify its supply chain and implement price adjustments to counter the impact of U.S. tariffs, company executives revealed during a post-earnings conference call on Monday.

The eyewear giant’s Chief Financial Officer Stefano Grassi stated that the company has already increased prices in the United States by mid-single digits, though the full effect of these adjustments will primarily be reflected in the second half of the year.

On the technology front, the company’s Chief Executive Officer Francesco Milleri shared optimistic projections for its smartglass business. The CEO indicated that EssilorLuxottica could expand its smartglass production capacity beyond the 10 billion pieces currently anticipated.

The executive also expressed heightened expectations for Meta (NASDAQ:META) smartglasses sales, noting that the current forecast is "really higher than before." This suggests stronger-than-previously-expected demand for the company’s tech-enabled eyewear products developed in partnership with Meta.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

Latest comments

Install Our App
Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers
© 2007-2025 - Fusion Media Limited. All Rights Reserved.