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New Look Business Vision Group Reports Record Sales

Quarter 1 2016 ending 26 March, sales of New Look Vision Group totaled $44.6 million, an increase of 6.7% over the prior year. The company also reported EBITDA (Earnings Before Interest, Taxes, Depreciation and Amortization) of $ 7.3 million an 8.5% increase from the same quarter last year.

Sales increases result primarily from the net addition of 14 stores since the beginning in 2016 whereas same-store sales were  up only  1.2% compared to the same period last year.

In a statement, the president Antoine Amiel indicates that the group will “ continue to aggressively monitor opportunities arising from the ongoing consolidation of the Canadian retail optical industry” .  In Q1 the group closed the acquisition of the 15 opticals in SW Ontario.

For more information: http://www.newlookvision.ca/en/press.aspx#openModal5

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