New Look Business Vision Group Sales Record in Q2

Sales of New Look Group Vision reached $50.5 million CAN in the second quarter, up 8% from last year.

For the quarter ending June 25, 2016, earnings before interest, taxes, depreciation and amortization (EBITDA) adjusted also outpaced the quarterly record reaching $10.4 million CAN. This is an increase of 2.9% compared to the same period in 2015.

Same stores sales increased a modest  1.8% compared to last year, while the addition of 20 new locations also fueled growth.

After six months in 2016, sales and EBITDA adjusted cumulative reached record $95.1 million and $17.6 million, up 7.4% and 5.1% respectively.

Antoine Amiel, President of New Look, acknowledged that the company continues to monitor consolidation opportunities in the Canadian retail optical market.

Previous financial report on Infoclip.ca.

Source : http://www.marketwired.com/version_imprimable?id=2148522

Featured Posts

RBC Partners with CNIB Frontier Accessibility to Improve Accessibility for Canadians

RBC has partnered with CNIB Frontier Accessibility to offer BlindSquare, the world’s most widely used accessible GPS app developed for people who are blind or partially sighted, at more than 305 RBC branches across Canada.

Learn More

OPTI Munich 2022 Celebrates Its Return

SWV Strategy with Vision routinely provides perspectives on major international trade shows. Here is their report on Opti Munich.

Read more

STRUKTUR Eyewear Receives Award at 100% Optical Trade Fair in London

From April 23 to 25, 2022, the 100% Optical exhibition was held in London. On April 23, STRUKTUR eyewear won the award for the unisex model of the year at the Love Eyewear Award ceremony.

Read more

Izumi’s Newest Collection is All About “Twilight in the Tropics”

OS-9331's blue gradient acetate front was inspired by the glamorous Spring/Summer 2022's "Twilight in the Tropics" theme.

Read more

opti 2022: Event Report

After the break due to the pandemic, the optical industry had some catching up to do at opti held in Munich from May 13 to 15, 2022.

Read more

RBC Partners with CNIB Frontier Accessibility to Improve Accessibility for Canadians

RBC has partnered with CNIB Frontier Accessibility to offer BlindSquare, the world’s most widely used accessible GPS app developed for people who are blind or partially sighted, at more than 305 RBC branches across Canada.

Learn More

OPTI Munich 2022 Celebrates Its Return

SWV Strategy with Vision routinely provides perspectives on major international trade shows. Here is their report on Opti Munich.

Read More

STRUKTUR Eyewear Receives Award at 100% Optical Trade Fair in London

From April 23 to 25, 2022, the 100% Optical exhibition was held in London. On April 23, STRUKTUR eyewear won the award for the unisex model of the year at the Love Eyewear Award ceremony.

Read More

Izumi’s Newest Collection is All About “Twilight in the Tropics”

OS-9331's blue gradient acetate front was inspired by the glamorous Spring/Summer 2022's "Twilight in the Tropics" theme.

Read More

opti 2022: Event Report

After the break due to the pandemic, the optical industry had some catching up to do at opti held in Munich from May 13 to 15, 2022.

Read More

RBC Partners with CNIB Frontier Accessibility to Improve Accessibility for Canadians

RBC has partnered with CNIB Frontier Accessibility to offer BlindSquare, the world’s most widely used accessible GPS app developed for people who are blind or partially sighted, at more than 305 RBC branches across Canada.

Learn More

OPTI Munich 2022 Celebrates Its Return

SWV Strategy with Vision routinely provides perspectives on major international trade shows. Here is their report on Opti Munich.

Read more

STRUKTUR Eyewear Receives Award at 100% Optical Trade Fair in London

From April 23 to 25, 2022, the 100% Optical exhibition was held in London. On April 23, STRUKTUR eyewear won the award for the unisex model of the year at the Love Eyewear Award ceremony.

Read more

Izumi’s Newest Collection is All About “Twilight in the Tropics”

OS-9331's blue gradient acetate front was inspired by the glamorous Spring/Summer 2022's "Twilight in the Tropics" theme.

Read more

opti 2022: Event Report

After the break due to the pandemic, the optical industry had some catching up to do at opti held in Munich from May 13 to 15, 2022.

Read more

RBC Partners with CNIB Frontier Accessibility to Improve Accessibility for Canadians

RBC has partnered with CNIB Frontier Accessibility to offer BlindSquare, the world’s most widely used accessible GPS app developed for people who are blind or partially sighted, at more than 305 RBC branches across Canada.

Learn More

OPTI Munich 2022 Celebrates Its Return

SWV Strategy with Vision routinely provides perspectives on major international trade shows. Here is their report on Opti Munich.

Read more

STRUKTUR Eyewear Receives Award at 100% Optical Trade Fair in London

From April 23 to 25, 2022, the 100% Optical exhibition was held in London. On April 23, STRUKTUR eyewear won the award for the unisex model of the year at the Love Eyewear Award ceremony.

Read more

Izumi’s Newest Collection is All About “Twilight in the Tropics”

OS-9331's blue gradient acetate front was inspired by the glamorous Spring/Summer 2022's "Twilight in the Tropics" theme.

Read more

opti 2022: Event Report

After the break due to the pandemic, the optical industry had some catching up to do at opti held in Munich from May 13 to 15, 2022.

Read more