JapanEssilorLuxottica, the world's largest eyewear manufacturer, reported a 7.2% increase in second-quarter sales to 7.7 billion euros ($8.8 billion), driven in part by the rapid growth of AI-enabled eyeglasses, which saw nearly double the sales compared to the previous year. While the company did not disclose specific figures for AI glasses sales, CEO Francesco Milleri highlighted global expansion and profitability in this sector. The company faced a drop in share price after first-quarter results, as analysts shifted views from seeing AI eyeglasses as an opportunity to a risk. EssilorLuxottica recently launched a new AI-enabled product line in collaboration with Ray-Ban and Meta, targeting price-sensitive younger consumers. Additionally, the company reported a 24% rise in sales of lenses designed to slow myopia progression in children and expanded into hearing correction through its Nuance Audio integration. The company expects a second-generation AI product launch in mid-September and reported overall first-half sales up 5.7% to 14.8 billion euros, with net profits rising 12.9% to 1.6 billion euros.
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