LensCrafters 2014 Annual Report Download - page 56

Download and view the complete annual report

Please find page 56 of the 2014 LensCrafters annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 74

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68
  • 69
  • 70
  • 71
  • 72
  • 73
  • 74

Adjusted operating
income 2,3 by division
(millions of Euro)
Sunglass Hut celebrated another sunny year with total
sales up by 13.5% at constant exchange rates4 and global
comparable store sales6 up by 7.4%, solidifying its position as
the destination for luxury and premium/fashion sunglasses.
In Europe, Sunglass Hut once again generated a strong
increase in comparable store sales6, up by 10.1% in 2014.
Similarly, double-digit growth was achieved in Latin America
and South Africa, which registered comparable store sales6
up by 18.9% and 16.3%, respectively, during the year.
In China (including Hong Kong), LensCrafters reported
comparable store sales6 growth of 12% during the year and
of 8.2% in the fourth quarter of 2014.
In Australia, the Retail Division experienced dual speed
performance from Sunglass Hut and OPSM during the year.
On the one hand, Sunglass Hut’s comparable store sales6
grew by 8.5%. On the other hand, OPSM was negatively
affected by an increasingly competitive environment,
recording an increase in comparable store sales6 of 1.7%
for the full year, reflecting a slowdown in the second half
of the year.
RetailWholesale
2013
725
658
636
586
2014
Adjusted net income 2,3
(millions of Euro)
2013
687
617
2014
Adjusted EPS 2,3
(Euro)
2013
1.44
1.31
2014
2014 ANNUAL REVIEW
54