EssilorLuxottica: Turning Positive On Market-Share Gain (Rating Upgrade)

2026-02-14 09:08:13 ET

We are impressed by the latest EssilorLuxottica ( ESLOF ) ( ESLOY ) Q4 results . As our readers are aware, our stance on the company has remained equally weighted. H1 and Q3 2025 performance demonstrated solid execution and robust fundamentals, yet the current share price already appeared to discount a high degree of optimism. We emphasised currency headwinds, production capacity constraints (combined with CAPEX investment), and limited visibility on margins. Core operating profit margin was one of the two key KPIs on EssilorLuxottica's Capital Market Day. Despite incorporating the positive sentiment around the Meta partnership and investment, the company's valuation remained full. This positioning has proven appropriate so far (Fig. 1); however, our perspective on EssilorLuxottica is now evolving....

Read the full article on Seeking Alpha

For further details see: