1054 GMT - EssilorLuxottica's confirmation of midterm margin guidance casts doubts, UBS analysts write in a research note. The Ray-Ban maker maintained expectations of mid-single-digit annual revenue growth through 2026 at constant exchange rates. It also targets an adjusted operating margin between 19% and 20% by the end of that period. This implies a margin expansion of nearly 100 basis points a year, which could be challenging due to the ongoing investments, UBS says. Shares are up 5.6% at 291.40 euros. (andrea.figueras@wsj.com)
(END) Dow Jones Newswires
February 13, 2025 05:54 ET (10:54 GMT)
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