ESSILORLUXOTTICA, a manufacturer of Ray-Ban, said it is implementing measures to manage the impact of US import rates, including price increases and greater supply chain optimization.
“We are not immune to contrary winds tariff,” said the company’s chief financial officer, Stefano Grassi, during a connection with analysts, noting that the US represent about 43% of the group’s revenue.
Donald Trump’s commercial plans made companies from various sectors prepare for turbulence. Some think about passing on extra costs to customers, while others are looking to cut costs.
The Franco-Italian glasses group is further diversifying its supply chain, a process that began about two years ago, opening units in Thailand, Mexico and France, the CFO said. “We are clearly taking this to the next level.”
Meanwhile, ESSILORLUXOTTICA registered sales of 6.85 billion euros (US $ 7.82 billion) in the first three months of 2025, an increase of 7.3% in constant exchange rates compared to the same period last year. The result compares to the predictions of 6.92 billion euros analysts, according to a survey of estimates compiled by Visible Alpha.
The growth rate marks a slowdown compared to the previous quarter, when the group registered a 9% increase in constant currency sales.
