EssilorLuxottica Could Be Hit by U.S. Tariffs -- Market Talk

Dow Jones

Dec 04, 2024

1621 GMT - EssilorLuxottica's reliance on the U.S. market exposes it to potential import tariffs, UBS analysts say in a note. Around 43% of sales of the Franco-Italian eyewear giant come from the U.S., with the majority of the product imported, they say. UBS assumes 18% of sourcing from China, and 2% from Mexico. The potential 25% tariff on Mexico imports is bad news, as the company just opened a large production site in the country to service the U.S. market, they say. The eyewear market meanwhile is growing due to an increasing population, ageing demographics and increased screen time, they say. UBS downgrades its rating for EssilorLuxottica to neutral from buy. Shares are down 1.3% at 277.80 euros. (andrea.figueras@wsj.com)

(END) Dow Jones Newswires

December 03, 2024 11:21 ET (16:21 GMT)

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Around 43% of sales of the Franco-Italian eyewear giant come from the U.S., with the majority of the product imported, they say. UBS assumes 18% of sourcing from China, and 2% from Mexico. The potential 25% tariff on Mexico imports is bad news, as the company just opened a large production site in the country to service the U.S. market, they say. The eyewear market meanwhile is growing due to an increasing population, ageing demographics and increased screen time, they say. UBS downgrades its rating for <a href=\"https://laohu8.com/S/ESLOY\">EssilorLuxottica</a> to neutral from buy. Shares are down 1.3% at 277.80 euros. (andrea.figueras@wsj.com) \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  December 03, 2024 11:21 ET (16:21 GMT)\n</p>\n<p>\n  Copyright (c) 2024 Dow Jones &amp; Company, Inc.\n</p>\n</font>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>EssilorLuxottica Could Be Hit by U.S. Tariffs -- Market Talk</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nEssilorLuxottica Could Be Hit by U.S. Tariffs -- Market Talk\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2024-12-04 00:21</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\n     1621 GMT - <a href=\"https://laohu8.com/S/ESLOF\">EssilorLuxottica</a>'s reliance on the U.S. market exposes it to potential import tariffs, UBS analysts say in a note. Around 43% of sales of the Franco-Italian eyewear giant come from the U.S., with the majority of the product imported, they say. UBS assumes 18% of sourcing from China, and 2% from Mexico. The potential 25% tariff on Mexico imports is bad news, as the company just opened a large production site in the country to service the U.S. market, they say. The eyewear market meanwhile is growing due to an increasing population, ageing demographics and increased screen time, they say. UBS downgrades its rating for <a href=\"https://laohu8.com/S/ESLOY\">EssilorLuxottica</a> to neutral from buy. Shares are down 1.3% at 277.80 euros. (andrea.figueras@wsj.com) \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  December 03, 2024 11:21 ET (16:21 GMT)\n</p>\n<p>\n  Copyright (c) 2024 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4202","symbol_name":"服装、服饰与奢侈品","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2488794039","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2488794039","pubTimestamp":1733242860,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"1621 GMT - EssilorLuxottica's reliance on the U.S. market exposes it to potential import tariffs, UBS analysts say in a note. Around 43% of sales of the Franco-Italian eyewear giant come from the U.S., with the majority of the product imported, they say. UBS assumes 18% of sourcing from China, and 2% from Mexico. The potential 25% tariff on Mexico imports is bad news, as the company just opened a large production site in the country to service the U.S. market, they say. The eyewear market meanwhile is growing due to an increasing population, ageing demographics and increased screen time, they say. UBS downgrades its rating for EssilorLuxottica to neutral from buy. Shares are down 1.3% at 277.80 euros. ","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK4202":"服装、服饰与奢侈品","ESLOY":"EssilorLuxottica","BK4198":"医疗保健用品"},"translate_title":"EssilorLuxottica可能会受到美国关税的打击——市场讨论","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"ESLOY":0.9},"content_text":"1621 GMT - EssilorLuxottica's reliance on the U.S. market exposes it to potential import tariffs, UBS analysts say in a note. Around 43% of sales of the Franco-Italian eyewear giant come from the U.S., with the majority of the product imported, they say. UBS assumes 18% of sourcing from China, and 2% from Mexico. The potential 25% tariff on Mexico imports is bad news, as the company just opened a large production site in the country to service the U.S. market, they say. The eyewear market meanwhile is growing due to an increasing population, ageing demographics and increased screen time, they say. UBS downgrades its rating for EssilorLuxottica to neutral from buy. Shares are down 1.3% at 277.80 euros. (andrea.figueras@wsj.com) \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  December 03, 2024 11:21 ET (16:21 GMT)\n\n\n  Copyright (c) 2024 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"-1","news_tag":"policyRegulatory","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":true,"code":"91000000","status":"200"}}}