Essilorluxottica

EL: XPAR (FRA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	€512.18	Xyh	Tdldqdzm

Essilorluxottica's Revenue Trajectory Improves in Q3, Lenses in Positive Territory; Maintaining FVE

Jelena Sokolova

Nov 3, 2020

We are maintaining our fair value estimate for wide-moat Essilorluxottica as the company reported a significant improvement in third-quarter revenue trends. We may adjust our expectations for full-year revenue slightly downward given the new lockdowns in Europe but don’t expect this to have material impact on our fair value estimate.

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