Narrow-Moat Luxottica Increases Grip on Distribution Channels and Fights Promotions; FVE Maintained
We retain our narrow moat rating and fair value estimate after Luxottica delivered first-half 2017 results slightly below our expectations with 4.2% sales growth (1.8% at constant currencies). We look forward to updating our report and valuation for Luxottica shortly as we transition coverage of the stock to a new analyst and incorporate the impact of the merger with Essilor.All of the growth stemmed from new openings and acquisitions, as comparable-store sales remained negative and wholesale s...
Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.
Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.
We have operations in 27 countries.
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.