EssilorLuxottica Growth Propelled by Boom in Meta Glasses Sales

EssilorLuxottica SA reported an 18 percent surge in fourth-quarter sales, riding a boom in demand for AI-powered glasses that far surpassed analysts’ estimates.

Revenue totaled €7.6 billion ($9 billion) in the holiday period, the world’s biggest eyewear maker said Wednesday in a statement. Analysts surveyed by Bloomberg had expected a more than 11 percent sales jump, on the same constant currency basis reported by EssilorLuxottica.

The company’s Ray-Ban Meta and Oakley smart glasses…