New Look Eyewear Inc. announces its results for the third quarter of 2014

New Look Eyewear Inc. announces its results for the third quarter of 2014

Monday, November 10 2014 | 00 h 00 min | Financial News

New Look has reported revenues of $32.5 million for the third quarter that ended September 27, 2014.

This represents an increase of 54% compared with the same period last year. These results are mainly attributable to the addition of 65 Vogue Optical stores in December 2013.

Sales from stores opened by New Look and Vogue Optical before 2013 increased by 3.7% over last year. The net earnings attributed to shareholders of $1.65 million for the quarter increased by 48.5% over last year, including a provision of $0.81 million for expenses related to the acquisition of companies as well as to the acquisition of Greiche & Scaff, announced last August.

For further information: https://www.newlook.ca/data/pdf/press/2014/en/BCI-press-release-nov-5-2014.pdf

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