BUSINESS: Financial New Stores Boost New Look Eyewear’s 3Q Revenues By Staff Monday, November 16, 2015 12:23 AM MONTREAL—Canadian optical retailer New Look Eyewear Inc. (TSX: BCI) reported revenues of $41.4 million for the third quarter ended Sept. 26, 2015, an increase of 27.3 percent over the year ago period. The increases were mainly due to the addition of the Greiche & Scaff stores acquired in October 2014 as well as to same store sales growth, according to the company. Comparable store sales orders for the quarter increased by 3.3 percent over last year.Adjusted EBITDA for the third quarter was $7.1 million, compared to an adjusted EBITDA of $6.2 million last year, an increase of 13.9 percent. Cash flows from operating activities reached $5.7 million in the third quarter of 2015 compared to $5.3 million last year. The cash flow situation improved despite payments of current income taxes of $1.1 million in the third quarter of 2015 compared to $22,000 last year, according to New Look.“New Look Vision Group delivered another solid quarter for revenues and profitability, due to its operational focus, aggressive growth strategy and timely integration of acquired business units,” company president Antoine Amiel said. “We continue to monitor the opportunities arising from the ongoing consolidation of the Canadian retail optical industry. “In the quarter, we also reached a settlement with the Canada Revenue Agency regarding the use of tax attributes resulting from the amalgamation with Sonomax Hearing Healthcare Inc.,” Amiel noted.