MONTREAL— New Look Eyewear Inc. (BCI) has announced its third quarter results for 2014, reporting revenues of $32.5 million and adjusted earnings before interest, taxes, depreciation and amortization (EBITDA) of $6.2 million for the third quarter ended Sept. 27, 2014.

The third quarter revenues represent increases of 54 percent and 96 percent over last year and are attributable to New Look’s acquisition of Vogue Optical's 65 stores in December, as reported by VMail last year. Same store sales for the quarter increased by 3.7 percent over last year, according to the company.

Third quarter cash flows from operating activities reached $5.3 million, compared to $3.0 million in 2013, according to New Look.

Year-to-date revenues and adjusted EBITDA for the third quarter 2014 reached $99.4 million and $19.5 million, respectively, representing increases of 52 percent and 72 percent, respectively, over the last year, which is a record for the company, New Look said.

Net earnings attributed to shareholders of $5.75 million increased 12.1 percent from 2013, including a provision for acquisition-related costs of $1.31 million, the company said.

Year-to-date same store sales increased 0.4 percent over last year and cash flows from operating activities increased to $17.8 million, from $11.0 million in 2013, according to New Look.

Martial Gagne, the president of New Look, commented: "This was our highest third quarter on record in terms of revenues, adjusted EBITDA and cash flows reflecting the impact of the Vogue acquisition late in 2013 and of other acquisitions and store openings since the beginning of 2013. Same store sales increased 3.7 percent over last year, anchoring a strong operating and financial performance for the company as a whole for the quarter."