{"id":73315,"date":"2026-10-20T12:08:15","date_gmt":"2026-10-20T16:08:15","guid":{"rendered":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/essilorluxottica-beats-q3-estimates-carrefour-slashes-targets-amid-french-unrest\/73315\/"},"modified":"2026-10-20T12:08:15","modified_gmt":"2026-10-20T16:08:15","slug":"essilorluxottica-beats-q3-estimates-carrefour-slashes-targets-amid-french-unrest","status":"publish","type":"post","link":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/essilorluxottica-beats-q3-estimates-carrefour-slashes-targets-amid-french-unrest\/73315\/","title":{"rendered":"EssilorLuxottica Beats Q3 Estimates; Carrefour Slashes Targets Amid French Unrest"},"content":{"rendered":"<h2>Key Takeaways<\/h2>\n<ul>\n<li><strong>EssilorLuxottica (<a href=\"\/stock\/EL\">EL<\/a>)<\/strong> reported Q3 revenue of <strong>EUR 7.49 billion<\/strong>, exceeding analyst estimates of <strong>EUR 7.37 billion<\/strong>, driven by a <strong>7.2% increase<\/strong> in constant-currency sales.<\/li>\n<li><strong>Carrefour (<a href=\"\/stock\/CA\">CA<\/a>)<\/strong> lowered its full-year 2026 financial targets, citing &quot;unprecedented&quot; disruption from widespread <strong>civil unrest and looting<\/strong> in France that impacted roughly 50 stores.<\/li>\n<li><strong>U.S. Secretary of State Marco Rubio<\/strong> confirmed that oil transit through the <strong>Strait of Hormuz<\/strong> has returned to near pre-war levels, signaling a stabilization in global energy supply routes.<\/li>\n<li><strong>Smart glasses growth<\/strong> for EssilorLuxottica slowed significantly to <strong>20%<\/strong> in Q3, a sharp deceleration from the nearly <strong>100% growth<\/strong> seen in the previous quarter.<\/li>\n<\/ul>\n<h2>EssilorLuxottica Outperforms Despite Smart Glasses Slowdown<\/h2>\n<p>Eyewear giant EssilorLuxottica (<a href=\"\/stock\/EL\">EL<\/a>) posted a strong third-quarter performance, with total revenue reaching <strong>EUR 7.49 billion<\/strong>. The group&#39;s <strong>7.2% revenue growth<\/strong> at constant exchange rates surpassed the <strong>6.3%<\/strong> projected by analysts, supported by robust demand in <strong>North America<\/strong> (EUR 3.20 billion) and double-digit growth in the <strong>Asia-Pacific<\/strong> region.<\/p>\n<p>However, the company faced a notable cooling in its high-tech segment. Sales of <strong>smart glasses<\/strong>, which include the Ray-Ban Meta collection, grew by <strong>20%<\/strong>\u2014a significant drop from the triple-digit momentum seen earlier in the year. Management attributed the slowdown to a challenging year-over-year comparison and a broader stabilization of the category after its initial rapid expansion.<\/p>\n<h2>French Unrest Forces Carrefour to Trim 2026 Outlook<\/h2>\n<p>Carrefour (<a href=\"\/stock\/CA\">CA<\/a>) reported Q3 sales of <strong>EUR 22.69 billion<\/strong>, slightly ahead of the <strong>EUR 22.58 billion<\/strong> estimate. Despite a <strong>2.3% increase<\/strong> in like-for-like sales, the retailer was forced to cut its 2026 financial guidance due to severe social and security disruptions in its home market. The company now expects <strong>Recurring Operating Income (ROI)<\/strong> margin growth of <strong>0 to 15 basis points<\/strong>, down from the previously targeted <strong>25 basis points<\/strong>.<\/p>\n<p>The retailer disclosed that approximately <strong>50 stores<\/strong> were directly impacted by recent riots and looting, resulting in tens of millions of euros in damages and lost merchandise. <em>The ongoing instability has dampened consumer confidence and forced many locations to operate under restrictive curfews<\/em>, further pressuring the group&#39;s net free cash flow and adjusted earnings per share.<\/p>\n<h2>Geopolitical Stability Returns to the Strait of Hormuz<\/h2>\n<p>In a significant update for global energy markets, <strong>U.S. Secretary of State Marco Rubio<\/strong> stated on Tuesday that oil volumes transiting the <strong>Strait of Hormuz<\/strong> are now &quot;nearly equal&quot; to levels seen before the recent conflict. Rubio noted that between <strong>13 million and 14 million barrels<\/strong> of oil are currently passing through the waterway daily, protected by international maritime security efforts.<\/p>\n<p>The normalization of these flows comes as a relief to global markets that had braced for prolonged supply shocks. <em>While tensions in the region remain elevated, the recovery of transit volumes suggests that the immediate threat to physical oil supplies has been mitigated<\/em>, even as the U.S. continues to enforce strict sanctions on Iranian exports.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Key Takeaways EssilorLuxottica (EL) reported Q3 revenue of EUR 7.49 billion, exceeding analyst estimates of EUR 7.37 billion, driven by 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