New Look Eyewear Inc.: Announces Record Revenues

[Chris Ryser]

New Look Eyewear Inc.: Announces Record Revenues for the First Quarter Ended March 28th of 2015 and its Quarterly Dividend

Press Release: EARNINGS – Wed, 6 May, 2015 8:12 PM EDT

MONTRÉAL, QUÉBEC--(Marketwired - May 6, 2015) - New Look Eyewear Inc. (BCI.TO) ("New Look") announced today that revenues for the first quarter ended March 28, 2015 reached a record of $ $41.8 million, an increase of 31.4% over the corresponding period of last year. This increase was mainly due to additional revenues generated by 53 stores acquired or opened since the beginning of 2014, including the 49 Greiche & Scaff stores acquired last October as well as higher same store sales growth for stores operated under the New Look Eyewear and Vogue Optical banners. Adjusted EBITDA⁽¹⁾ for the first quarter was $6.7 million, compared to an adjusted EBITDA of $5.0 million last year, an increase of 33.1%.

Cash flows from operating activities (before changes in working capital) reached $6.1 million or $0.44 per share⁽²⁾ in the first quarter of 2015 compared to $4.8 million or $0.37 per share last year.


More details on the financial performance of the first quarter are available in the attachments.


see more: =====> https://ca.finance.yahoo.com/news/lo...001200187.html

[Lab Insight]

New Look Eyewear Inc.: Announces Record Revenues for the First Quarter Ended March 28th of 2015 and its Quarterly Dividend

Press Release: EARNINGS – Wed, 6 May, 2015 8:12 PM EDT

MONTRÉAL, QUÉBEC--(Marketwired - May 6, 2015) - New Look Eyewear Inc. (BCI.TO) ("New Look") announced today that revenues for the first quarter ended March 28, 2015 reached a record of $ $41.8 million, an increase of 31.4% over the corresponding period of last year. This increase was mainly due to additional revenues generated by 53 stores acquired or opened since the beginning of 2014, including the 49 Greiche & Scaff stores acquired last October as well as higher same store sales growth for stores operated under the New Look Eyewear and Vogue Optical banners. Adjusted EBITDA⁽¹⁾ for the first quarter was $6.7 million, compared to an adjusted EBITDA of $5.0 million last year, an increase of 33.1%.

Cash flows from operating activities (before changes in working capital) reached $6.1 million or $0.44 per share⁽²⁾ in the first quarter of 2015 compared to $4.8 million or $0.37 per share last year.


More details on the financial performance of the first quarter are available in the attachments.


see more: =====> https://ca.finance.yahoo.com/news/lo...001200187.html

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[Lab Insight]

Will be acquired by L or E eventually.

[Chris Ryser]

That could very well be, and be another couple of nails into the coffin of self employed retail opticianry.