fbpx

New Look Reports Record Results for Second Quarter of 2018

New Look Vision Group reported in their latest financial results that revenues reached a record $77.2 million high for the period, an increase of 39.5%.

The revenue increase was mainly due to the previously announced acquisition of Iris, as well as comparable stores sales growth of 2.6% over the same period last year. As a percentage of revenues, adjusted EBITDA in the second quarter increased to 19.8% from 19.7% for the same period last year.

Net earnings attributed to shareholders were $4.0 million, compared to $2.6 million last year, the increase being mainly due to a higher EBITDA, offset by depreciation, financial expenses, and income taxes.

Antoine Amiel, the President and CEO of New Look Vision, stated that: “The record second quarter ended with strong financial and operating results and progress toward our deleveraging goals. While overall results benefited significantly from the Iris acquisition, Q2 is the 16th consecutive quarter of comparable store sales growth. Entering the second half of the year, we maintain our unwavering focus on integration efforts and strengthening our position in the consolidating Canadian retail optical industry.”

When adjusted for acquisition-related costs and other non-comparable costs, Adjusted cash flows from operating activities were $14.6 million, an increase of 35.4% over the same period last year.

Click HERE for the full press release.

Featured Posts

Optik_may-june 2025 sunglasses article

Summer 2025 Sunglasses: A Fashion-Forward Opportunity for ECPs

Explore 2025’s hottest sunglasses trends—compact cat-eyes, bold lenses, luxury brands—and how ECPs can turn them into sales and style wins.

Learn More
Silmo Paris Concours design optique 2025 logo EN

Optical Design Contest – And the Finalists Are…

Discover the visionary student finalists of the SILMO Paris 2025 Optical Design Contest on the theme “Superhero Glasses.” Winner announced September 26.

Read more
Oakley Axiom Space Artemis III visor image and logo

Engineered for Astronauts: Oakley, Axiom Space Launch Next-Gen Visor System

Oakley and Axiom Space team up to create a next-gen visor system for NASA’s Artemis III mission. Built for lunar exploration, engineered with elite optics.

Read more
May-June Optik 2025 Strength in Synergy Dr Trevor Miranda article

Strength in Synergy: Unlocking Benefits of Optician-Optometrist Collaboration

Discover how collaboration between opticians and optometrists enhances patient care, boosts efficiency, and gives practices a competitive edge.

Read more
Sergio Cereda Design Award logo

Sergio Cereda Eyewear Design Award Expands Globally to the World’s Most Prestigious Eyewear Design Schools

Now global, the Sergio Cereda Eyewear Design Award invites top design students to compete for $10,000 at MIDO 2026. Applications open through Nov 2025.

Read more
Optik_may-june 2025 sunglasses article

Summer 2025 Sunglasses: A Fashion-Forward Opportunity for ECPs

Explore 2025’s hottest sunglasses trends—compact cat-eyes, bold lenses, luxury brands—and how ECPs can turn them into sales and style wins.

Learn More
Silmo Paris Concours design optique 2025 logo EN

Optical Design Contest – And the Finalists Are…

Discover the visionary student finalists of the SILMO Paris 2025 Optical Design Contest on the theme “Superhero Glasses.” Winner announced September 26.

Read More
Oakley Axiom Space Artemis III visor image and logo

Engineered for Astronauts: Oakley, Axiom Space Launch Next-Gen Visor System

Oakley and Axiom Space team up to create a next-gen visor system for NASA’s Artemis III mission. Built for lunar exploration, engineered with elite optics.

Read More
May-June Optik 2025 Strength in Synergy Dr Trevor Miranda article

Strength in Synergy: Unlocking Benefits of Optician-Optometrist Collaboration

Discover how collaboration between opticians and optometrists enhances patient care, boosts efficiency, and gives practices a competitive edge.

Read More
Sergio Cereda Design Award logo

Sergio Cereda Eyewear Design Award Expands Globally to the World’s Most Prestigious Eyewear Design Schools

Now global, the Sergio Cereda Eyewear Design Award invites top design students to compete for $10,000 at MIDO 2026. Applications open through Nov 2025.

Read More
Optik_may-june 2025 sunglasses article

Summer 2025 Sunglasses: A Fashion-Forward Opportunity for ECPs

Explore 2025’s hottest sunglasses trends—compact cat-eyes, bold lenses, luxury brands—and how ECPs can turn them into sales and style wins.

Learn More
Silmo Paris Concours design optique 2025 logo EN

Optical Design Contest – And the Finalists Are…

Discover the visionary student finalists of the SILMO Paris 2025 Optical Design Contest on the theme “Superhero Glasses.” Winner announced September 26.

Read more
Oakley Axiom Space Artemis III visor image and logo

Engineered for Astronauts: Oakley, Axiom Space Launch Next-Gen Visor System

Oakley and Axiom Space team up to create a next-gen visor system for NASA’s Artemis III mission. Built for lunar exploration, engineered with elite optics.

Read more
May-June Optik 2025 Strength in Synergy Dr Trevor Miranda article

Strength in Synergy: Unlocking Benefits of Optician-Optometrist Collaboration

Discover how collaboration between opticians and optometrists enhances patient care, boosts efficiency, and gives practices a competitive edge.

Read more
Sergio Cereda Design Award logo

Sergio Cereda Eyewear Design Award Expands Globally to the World’s Most Prestigious Eyewear Design Schools

Now global, the Sergio Cereda Eyewear Design Award invites top design students to compete for $10,000 at MIDO 2026. Applications open through Nov 2025.

Read more
Optik_may-june 2025 sunglasses article

Summer 2025 Sunglasses: A Fashion-Forward Opportunity for ECPs

Explore 2025’s hottest sunglasses trends—compact cat-eyes, bold lenses, luxury brands—and how ECPs can turn them into sales and style wins.

Learn More
Silmo Paris Concours design optique 2025 logo EN

Optical Design Contest – And the Finalists Are…

Discover the visionary student finalists of the SILMO Paris 2025 Optical Design Contest on the theme “Superhero Glasses.” Winner announced September 26.

Read more
Oakley Axiom Space Artemis III visor image and logo

Engineered for Astronauts: Oakley, Axiom Space Launch Next-Gen Visor System

Oakley and Axiom Space team up to create a next-gen visor system for NASA’s Artemis III mission. Built for lunar exploration, engineered with elite optics.

Read more
May-June Optik 2025 Strength in Synergy Dr Trevor Miranda article

Strength in Synergy: Unlocking Benefits of Optician-Optometrist Collaboration

Discover how collaboration between opticians and optometrists enhances patient care, boosts efficiency, and gives practices a competitive edge.

Read more
Sergio Cereda Design Award logo

Sergio Cereda Eyewear Design Award Expands Globally to the World’s Most Prestigious Eyewear Design Schools

Now global, the Sergio Cereda Eyewear Design Award invites top design students to compete for $10,000 at MIDO 2026. Applications open through Nov 2025.

Read more