Luxottica Post Flat First Half Sales

Luxottica posted broadly flat first-half sales and adjusted operating income as it awaits a Chinese go-ahead this month for its merger with France’s Essilor. Net sales rose 0.3 percent at constant currencies. Wholesale sales declined 4.2% while retail saw a growth of 1.3% for total sales of $2.794 billion.

Luxottica confirmed its 2018 outlook after reporting a 0.5 percent rise, at constant currencies, in operating profit for January-June adjusted for restructuring and one-off charges.