fbpx

New Look Vision Group Reports Record Results for the Fourth Quarter and Year End Fiscal 2018

New Look Vision reported record results for the fourth quarter and yearly periods ended December 29, 2018.

Q4 2018 Financial and Operational Highlights

  • Revenues increased by 5.4% over last year to $71.1 million. This results mainly from the impact of the acquisition of Iris, as well as comparable store sales growth.
  • Comparable store sales orders were up by 0.8%, compared to the fourth quarter of last year. This marks the 18th consecutive quarter of comparable store sales growth.
  • Adjusted EBITDA reached $13.6 million, an increase of 8.3% over last year and increased 6.1% on a per diluted share basis to $0.87.
  • Adjusted cash flows from operating activities were $13.3 million, an increase of 9.3% over last year and an increase of 6.3% on a per diluted share basis to $0.85.
  • Net earnings attributable to shareholders reached $3.1 million, compared to $2.8 million last year, the increase being attributable to higher EBITDA, partially offset by higher depreciation, financial expenses and income taxes. Net earnings on a per diluted share basis were $0.20, compared to $0.18 last year, an increase of 11.1%.
  • Adjusted net earnings attributed to shareholders (defined as net earnings adjusted to remove the impact of acquisition-related costs, equity-based compensation and other non-comparable costs) were $3.7 million, compared to $3.5 million for the same quarter last year. Adjusted net earnings per diluted share were $0.24, an increase of 4.3% over the same quarter last year.
  • The financial performance of the Group allowed it to maintain its quarterly payments of dividends to shareholders of $0.15 per share.

Click HERE for the full press release.

American Academy of Optometry Announces Peter Scott, CAE, APR, MBA, as New Executive Director

AAO American Academy of Optometry logo

The American Academy of Optometry has announced that Peter Scott, CAE, APR, MBA will assume the position of executive director in mid-April 2019. The Academy’s outgoing Executive Director, Lois Schoenbrun, CAE, FAAO, will retire from her position at the end of April. Ms. Schoenbrun has been executive director of the American Academy of Optometry and the American Academy of Optometry Foundation since 1996.

“On behalf of the board of directors, I am pleased to introduce Peter Scott as our new executive director. Peter brings with him a wealth of ideas for our meeting, fundraising and strategic relationships. He is a delightful person who has boundless energy and a very creative mind,” stated Barbara Caffery, OD, PhD, FAAO. “We are deeply appreciative of all that Lois Schoenbrun has done during her time with the Academy, and we wish her all the best as she heads off to her much-deserved retirement.”

Mr. Scott most recently served as the Chief Operating Officer for the North American Veterinary Community in Orlando, Florida, where he led the planning and implementation of one of the world’s top 15 global medical conferences with over 17,800 attendees. He has extensive association experience in the areas of business development, program/certification development, strategic partnerships and revenue diversification. Mr. Scott holds an MBA from Nova Southeastern University and has earned both the Certified Association Executive (CAE) and Accreditation in Public Relations (APR) distinctions.

“I am excited to join this accomplished group of professionals, and I look forward to building upon the Academy’s past successes and working closely with the board of directors, staff and volunteers to positively impact this next chapter of the organization’s growth,” said Peter Scott, incoming executive director.

“I am grateful to have had the pleasure of working with so many talented and dedicated members and staff during my tenure, and I have full confidence that the Academy will continue to thrive under Mr. Scott’s leadership,” said Lois Schoenbrun, outgoing executive director.

Peter Scott will officially begin his new role on April 11, 2019.

Source: American Academy of Optometry

Canadian Fashion Disruptors Combine to Crash Eyewear Market

Two Canadian retailers, Vancouver-based Dutil and Montreal’s Naked & Famous, are combining their passion for design and their attention to detail honed in the premium denim arena to enter the eyewear market. 

The new collections, handcrafted in Sabae, Japan, feature three-colour laminated acetate frames in dark indigo, layered over red-and-white. Shapes are concise, with a subtle vintage feel. Authentic metal rivets pay tribute to vintage denim, bearing the Dutil compass insignia—a symbol of the company’s dedication to time, movement, and direction in its nuanced eyewear designs.

The connections between Dutil’s Eric Dickstein and Naked and Famous (N&F) ’s Brandon Svarc run deep. Both share a passion for Japanese craftsmanship, and both are innovators in the Canadian lifestyle landscape.

Click HERE for the full press release.

Schoolchildren Receive Free Pair of Eyeglasses to Mark Partnership Anniversary

Luxexcel and IFB Solutions, a North Carolina based nonprofit, celebrate one year of partnership. To mark the anniversary, nearly 20 local schoolchildren received a free pair of eyeglasses and a comprehensive eye exam. The eyeglasses featured lenses made with IFB’s 3D printer developed by Luxexcel. The 3D printer at IFB Solutions is the world’s first commercial 3D printer of ophthalmic lenses.

For several of the children, this is their first pair of eyeglasses. According to Prevent Blindness America, one in four school-age children has vision problems that, if left untreated, can affect learning ability, personality, and adjustment in school. Providing eyeglasses to the school children is something both IFB Solutions and Luxexcel hope will help them in the classroom.

“One of our biggest challenges in public education is meeting all the needs of children. Their medical, health and physical needs happen beyond the classroom, but those needs are critically important to a child’s educational success. That’s why we are so grateful to have community partners like IFB Solutions and Luxexcel. Their gift of eyeglasses gives these students the gift of vision, something we could never do alone. At school and at home, vision is a vital part of a child’s overall well-being,” said Michael Pesce, WS/FCS Director of Social Work. IFB Solutions and Luxexcel have been partners in bringing 3D printing to the optical industry.

IFB Solutions uses the technology to help service its optical contracts with the Dept. of Veterans Affairs. IFB’s optical lab, staffed primarily by individuals who are blind, averages nearly 1,200 pairs of eyeglasses per day with the majority going to military veterans and their families.

Danny Kelly – Chief Operating Officer, IFB Solutions: “What better way to celebrate our partnership with Luxexcel than to help children in the classroom. We are not only joining forces to bring innovation to the optical industry, but we’re also introducing the next generation to new technology that will help them succeed. It’s a win-win for all of us.”

Over the past 12 months, 5000 lenses have been printed on several VisionPlatforms™ installed in the USA and Europe, to bring the technology to a level where commercial lenses are being shipped to customers every day. Guido Groet- Chief Commercial Officer, Luxexcel: “The cool technology of 3D printing is for everyone, especially for the next generation. It is great to enable the children to succeed in the classroom by providing eyeglasses together with IFB Solutions. A great way to improve lives and to celebrate our innovative partnership”.

Click HERE for the full press release.

SILMO and copenhagen specs Join Forces to Promote Independent Eyewear

Silmo Association President, Amélie Morel, Silmo director at Comexposium, Eric Lenoir, and Morten Gammelmark, founder/CEO of the copenhagen specs fair concept have announced on February 23rd, 2019, the arrival of two new fairs within the Silmo family.

Launched in 2014 in the Danish capital, copenhagen specs’ goal is to highlight independent eyewear to independent opticians looking forward to offering their customers different products and therefore distinguish themselves from mainstream and mass-produced eyewear.

The sixth edition of copenhagen specs in Denmark just ended with good results: 77 exhibitors, 1076 visitors from 18 different countries.

From October 5th to 6th, Berlin will welcome the second edition of Copenhagen Specs in the German capital.

Together with the Silmo network, copenhagen specs, while its successful concept and unique atmosphere will remain as it is actually, will benefit from an enhanced visibility among eyewear trade fairs but more importantly, will be able to develop other destinations in Europe and around the world at a quicker pace.

Click HERE for the full press release.

Featured Posts

Vision Expo new logo

Vision Expo 2026 Introduces a Redesigned Education Experience in Orlando

Vision Expo 2026 will debut a redesigned education experience in Orlando, offering more than 220 hours of accredited continuing education across optometry, opticianry, and eye care business topics.

Learn More
CooperVision logo 2026

CooperVision Partners with Canadian Sprint Canoe Athlete Nikita Ciudin on His Journey to Compete on the World Stage

CooperVision Canada has announced a new partnership with elite sprint canoe athlete Nikita Ciudin, supporting his journey toward representing Team Canada on the world stage while raising awareness about myopia management and youth eye health.

Read more
EssilorLuxottica

EssilorLuxottica and Burberry Announce Licensing Partnership Renewal

EssilorLuxottica and Burberry have announced the renewal of their global eyewear licensing agreement through 2035, extending a long-standing partnership defined by creativity, craftsmanship, and innovation.

Read more
Safilo Group

Safilo and Pierre Cardin Renew Global Eyewear Licensing Agreement Through 2031

Safilo Group and Pierre Cardin have renewed their global eyewear licensing agreement through 2031, continuing a partnership that spans more than three decades in the eyewear industry.

Read more
LensCrafters logo

LensCrafters Continues Dedicated to Everyday Excellence Campaign in 2026 with Dr. Anisha Haji

LensCrafters is continuing its Dedicated to Everyday Excellence campaign into 2026, featuring independent optometrist Dr. Anisha Haji and highlighting leadership, patient care, and innovation in optometry.

Read more
Vision Expo new logo

Vision Expo 2026 Introduces a Redesigned Education Experience in Orlando

Vision Expo 2026 will debut a redesigned education experience in Orlando, offering more than 220 hours of accredited continuing education across optometry, opticianry, and eye care business topics.

Learn More
CooperVision logo 2026

CooperVision Partners with Canadian Sprint Canoe Athlete Nikita Ciudin on His Journey to Compete on the World Stage

CooperVision Canada has announced a new partnership with elite sprint canoe athlete Nikita Ciudin, supporting his journey toward representing Team Canada on the world stage while raising awareness about myopia management and youth eye health.

Read More
EssilorLuxottica

EssilorLuxottica and Burberry Announce Licensing Partnership Renewal

EssilorLuxottica and Burberry have announced the renewal of their global eyewear licensing agreement through 2035, extending a long-standing partnership defined by creativity, craftsmanship, and innovation.

Read More
Safilo Group

Safilo and Pierre Cardin Renew Global Eyewear Licensing Agreement Through 2031

Safilo Group and Pierre Cardin have renewed their global eyewear licensing agreement through 2031, continuing a partnership that spans more than three decades in the eyewear industry.

Read More
LensCrafters logo

LensCrafters Continues Dedicated to Everyday Excellence Campaign in 2026 with Dr. Anisha Haji

LensCrafters is continuing its Dedicated to Everyday Excellence campaign into 2026, featuring independent optometrist Dr. Anisha Haji and highlighting leadership, patient care, and innovation in optometry.

Read More
Vision Expo new logo

Vision Expo 2026 Introduces a Redesigned Education Experience in Orlando

Vision Expo 2026 will debut a redesigned education experience in Orlando, offering more than 220 hours of accredited continuing education across optometry, opticianry, and eye care business topics.

Learn More
CooperVision logo 2026

CooperVision Partners with Canadian Sprint Canoe Athlete Nikita Ciudin on His Journey to Compete on the World Stage

CooperVision Canada has announced a new partnership with elite sprint canoe athlete Nikita Ciudin, supporting his journey toward representing Team Canada on the world stage while raising awareness about myopia management and youth eye health.

Read more
EssilorLuxottica

EssilorLuxottica and Burberry Announce Licensing Partnership Renewal

EssilorLuxottica and Burberry have announced the renewal of their global eyewear licensing agreement through 2035, extending a long-standing partnership defined by creativity, craftsmanship, and innovation.

Read more
Safilo Group

Safilo and Pierre Cardin Renew Global Eyewear Licensing Agreement Through 2031

Safilo Group and Pierre Cardin have renewed their global eyewear licensing agreement through 2031, continuing a partnership that spans more than three decades in the eyewear industry.

Read more
LensCrafters logo

LensCrafters Continues Dedicated to Everyday Excellence Campaign in 2026 with Dr. Anisha Haji

LensCrafters is continuing its Dedicated to Everyday Excellence campaign into 2026, featuring independent optometrist Dr. Anisha Haji and highlighting leadership, patient care, and innovation in optometry.

Read more
Vision Expo new logo

Vision Expo 2026 Introduces a Redesigned Education Experience in Orlando

Vision Expo 2026 will debut a redesigned education experience in Orlando, offering more than 220 hours of accredited continuing education across optometry, opticianry, and eye care business topics.

Learn More
CooperVision logo 2026

CooperVision Partners with Canadian Sprint Canoe Athlete Nikita Ciudin on His Journey to Compete on the World Stage

CooperVision Canada has announced a new partnership with elite sprint canoe athlete Nikita Ciudin, supporting his journey toward representing Team Canada on the world stage while raising awareness about myopia management and youth eye health.

Read more
EssilorLuxottica

EssilorLuxottica and Burberry Announce Licensing Partnership Renewal

EssilorLuxottica and Burberry have announced the renewal of their global eyewear licensing agreement through 2035, extending a long-standing partnership defined by creativity, craftsmanship, and innovation.

Read more
Safilo Group

Safilo and Pierre Cardin Renew Global Eyewear Licensing Agreement Through 2031

Safilo Group and Pierre Cardin have renewed their global eyewear licensing agreement through 2031, continuing a partnership that spans more than three decades in the eyewear industry.

Read more
LensCrafters logo

LensCrafters Continues Dedicated to Everyday Excellence Campaign in 2026 with Dr. Anisha Haji

LensCrafters is continuing its Dedicated to Everyday Excellence campaign into 2026, featuring independent optometrist Dr. Anisha Haji and highlighting leadership, patient care, and innovation in optometry.

Read more