ENXTPA:ELMedical Equipment
EssilorLuxottica (ENXTPA:EL) Stock Faces A Valuation Reckoning After Margin Gains
EssilorLuxottica Société anonyme walked into this earnings season with a premium P/E and a reputation as a quality compounder. Yet the stock closed at about €165.1 on 29 July, and is down roughly 9% over the past 90 days. The gap between that softer share price and the latest numbers is now front and center.
The headline is margin quality. H1 2026 delivered adjusted operating profit growth faster than revenue, a higher gross margin and the strongest first half free cash flow in five years at...