LensCrafters 2003 Annual Report Download - page 2

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CHAIRMAN’SLETTER TO SHAREHOLDERS 5
A YEAR IN THE MAKING – HIGHLIGHTS FROM 2003 8
THE YEAR IN REVIEW 15
• MANUFACTURING AND WHOLESALE DISTRIBUTION DIVISION 15
• RETAIL 19
• STOCK OPTIONS PLANS AND BUY BACK PROGRAMS 25
MANAGEMENT’SDISCUSSION AND ANALYSIS OF FINANCIAL CONDITION
AND RESULTS OF OPERATIONS 28
PROPOSED DIVIDEND FOR FISCAL YEAR 2003 42
LUXOTTICA GROUP – HISTORY AND OVERVIEW 49
• A BRIEF HISTORY 51
• COMPETITIVE ADVANTAGES 52
• STRATEGY 54
CORPORATE GOVERNANCE 69
CAPITAL STOCK INFORMATION 77
CONTACTS 81
REPORT OF INDEPENDENT PUBLIC ACCOUNTANTS 83
TABLES,GRAPHS AND PICTURES:
CONSOLIDATED FINANCIAL HIGHLIGHTS 12
FINANCIAL PERFORMANCE 14
LUXOTTICA RETAIL’SSALES 27
STATEMENTS OF CONSOLIDATED INCOME 40
STATEMENTS OF CASH FLOW 41
HEADQUARTERS 56
MANUFACTURING PLANTS IN ITALY 57
LUXOTTICA GROUP IN THE WORLD 58
SUBSIDIARIES 61
HOUSE BRANDS 62
DESIGNER BRANDS 64
SHARE PERFORMANCE 79
QUARTERLY FINANCIAL DATA 127
INDEX OF CONTENTS