New Look Vision Group Continues to Break New Records
Monday, November 7 2016 | 00 h 00 min | Financial News, News
New Look Vision reported revenues of $49M and earnings before interest, taxes, depreciation and amortization (EBITDA) of $8M for the third quarter ended September 24, 2016. These figures represent increases of 18.3% and 12.5% respectively over last year.
These increases were due of course to New Look’s multiple acquisitions, namely 20 stores in the last twelve months. The Quebec-based chain store also experienced strong sales growth of 9.1% over last year.
Year-to-date revenues and EBITDA reached $144M and $25.6M respectively, which represent record highs for the company. President Antoine Amiel stated in a news release that, after its recent acquisition of iVision in Ontario and Visions One Hour Optical in British Columbia, New Look continues to monitor additional acquisition opportunities.