Eyewear market tracker: June

研报英文原文证据摘录

Eyewear market tracker: June

Equity Research

10 July 2026

EssilorLuxottica

We update our eyewear tracker using proprietary US

Barclaycard spend data, Placer.AI US footfall data & global

Nuance app data. Stronger June spend vs May broad based ESLX.PA/EL FP OVERWEIGHT European Medical

Technology & Servicesacross categories. Q2 growth ahead of Q1 for total category POSITIVE

Price Target EUR 300.00

spend, slightly below for Sunglass Hut albeit still strong with Price (09-Jul-26) EUR 171.65

DD growth Potential Upside/Downside +74.8%

Source: Bloomberg, Barclays Research

We update our eyewear tracker in collaboration with the Barclays Data Science & Applied AI team,

European Medical Technology &examining proprietary Barclaycard spending data across the US optometrists and opticians

Services

market as well as spend in Sunglass Hut stores, Placer.AI footfall data from US EssilorLuxottica

Hassan Al-Wakeel, CFA

retail stores and global Nuance app downloads and monthly average users. +44 (0)20 7773 3898

hassan.al-wakeel@barclays.com

US Barclaycard spending data: June spend data points to stronger growth on a sequential Barclays, UK

basis at +9.7% y/y (vs. +0.5% May) against a tougher comparison base (+9.9% vs +7.5% May 25)

with optometrist spend growing +16.7% (vs. -1.0%) and optician spend up +2.9% (vs. +2.1%). For Jonathon Unwin

+44 (0)20 7773 0354Sunglass Hut, June saw a strong rebound in growth at +21.6% y/y (vs. +2.2% May) although we

jonathon.unwin@barclays.com

note an easier comparison base (-2.5% vs +18.1% May 25). On a quarterly basis, Q2 trends versus Barclays, UK

Q1 are encouraging, with total optometrist and optician spend ahead (+7.3% vs. +3.4% Q1)

whilst Sunglass Hut has seen some moderation but remains strong (+13.2% vs. +15.3%). As a Marco Pires-Cox