EssilorLuxottica adjusts strategy amid U.S. tariffs, boosts Meta smartglass outlook

Investing.com -- EssilorLuxottica is working to diversify its supply chain and implement price adjustments to counter the impact of U.S. tariffs, company executives revealed during a post-earnings conference call on Monday.

The eyewear giant’s Chief Financial Officer Stefano Grassi stated that the company has already increased prices in the United States by mid-single digits, though the full effect of these adjustments will primarily be reflected in the second half of the year.

On the technology front, the company’s Chief Executive Officer Francesco Milleri shared optimistic projections for its smartglass business. The CEO indicated that EssilorLuxottica could expand its smartglass production capacity beyond the 10 billion pieces currently anticipated.

The executive also expressed heightened expectations for Meta (NASDAQ:META) smartglasses sales, noting that the current forecast is "really higher than before." This suggests stronger-than-previously-expected demand for the company’s tech-enabled eyewear products developed in partnership with Meta.

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