The Power of Reading Glasses

By Mary Kane
Friday, April 19, 2024 8:30 AM Just how valuable are a pair of reading glasses? According to a recent study, having access to a pair of readers can make all the difference, especially if you are presbyopic and live in a part of the world with limited access to eyecare and eyewear products. This past week, VisionSpring, a nonprofit provider of affordable eyeglasses to people in need, BRAC, an international development organization that works with marginalized communities, and Queen’s University Belfast released the findings of their collaborative THRIVE study, which found that a pair of reading glasses increases the earnings of people in low-income communities by 33 percent.  Ella Gudwin, CEO of VisionSpring, summed it up best when she said, “THRIVE strengthens the case that it’s not about the eyeglasses—it’s about everything that comes after.”

EssilorLuxottica Reports Solid Revenue Growth for Q1 2024

By Staff
Friday, April 19, 2024 12:30 AM CHARENTON-LE-PONT, France—EssilorLuxottica announced yesterday that consolidated revenue for the first quarter of 2024 was €6,335 million, representing a year-on-year increase of 5.5 percent at constant exchange rates compared with the first quarter of 2023. Francesco Milleri, chairman and CEO, and Paul du Saillant, deputy CEO at EssilorLuxottica commented, “We’re pleased to report another solid start to the year for the company, with every geography and business contributing to the positive performance.” The initial quarter of 2024 grew mid-single digit in line with the company’s long-term guidance.

Vision Source Wraps Up The Exchange 2024, Announcing Student Loan Debt Relief and Health Care Benefits Programs for Members

By Staff
Friday, April 19, 2024 12:27 AM ORLANDO, Fla.—Vision Source, a North American network of independent private practice optometrists, has expanded its roster of offerings with two new programs for its membership of 4,500 optometrists and 3,000 locally owned practices. Announced at The Exchange 2024, Vision Source’s annual national meeting that was held this year from April 10 to 13 and attracted 3,100 members, staff and industry partners, the two individual programs offer the opportunity for student loan debt relief as well as employee health care benefits. See VMAIL’s additional coverage of The Exchange here.

Review of Myopia Management and BHVI Launch Myopia Awareness Week 2024 Website

By Staff
Friday, April 19, 2024 12:24 AM NEW YORK and SYDNEY—Myopia Awareness Week 2024 is set for May 13-19; ahead of the week, Review of Myopia Management and the Brien Holden Vision Institute (BHVI) have officially launched the website for the week-long event.

Bausch + Lomb Reports More Than 84 Million Units of Contact Lenses, Lens Care and Eyecare Materials Collected Through Recycling Programs

By Staff
Friday, April 19, 2024 12:21 AM VAUGHAN, Ontario—Bausch + Lomb Corporation, an eye health company, has announced its One by One and Biotrue Eye Care recycling programs have collected 84,343,540 units, or 510,116 pounds, of used contact lenses, eyecare and lens care materials in the U.S.

Contact Lens Institute and IACLE Collaborate to Bring Practice and Patient Insights to Contact Lens Educators

By Staff
Friday, April 19, 2024 12:18 AM WASHINGTON, D.C.—The Contact Lens Institute (CLI) and the International Association of Contact Lens Educators (IACLE) have announced a collaboration to provide university-level instructors with direct access to CLI-developed research publications and practice tools.

Indies Look to the Skies for the Eclipse

By Gwendolyn Plummer
Thursday, April 18, 2024 8:30 AM NEW YORK—Last week, millions of North Americans turned their eyes to the skies for a solar eclipse—total for some, partial for others, but special for all. Leading up to the big day, ECPs spent months educating their communities on how to watch the eclipse safely, and when the eclipse finally arrived, they were able to enjoy watching the astronomical phenomenon with proper eye protection. Here, we’re taking a look back at how indies watched the solar eclipse.

The National Average for Gross Revenue at ECP Locations Decreased for the Week of April 8–14, Jobson’s Latest Practice Performance Tracker Shows

By Staff
Thursday, April 18, 2024 12:27 AM NEW YORK—The national average for gross revenue at ECP locations decreased last week, April 8–14, when compared with the previous week at a rate of -4 index points. That places gross revenue at a level 2 index points above where it was at this point in time (Week 15) when compared with last year (2023), 1 point above the same period in 2022, 6 points above 2021, 101 points above 2020 and 15 points above 2019, according to Jobson’s most recent Practice Performance Tracker.

Inspecs Group Reports 2023 Full-Year Financial Results

By Staff
Thursday, April 18, 2024 12:24 AM BATH, England—Inspecs Group plc (LSE: SPEC), a global eyewear and lens design house and manufacturer, reported its 2023 full-year financial results. Group revenue for 2023 grew 1 percent to £203.3 million compared with £201.0 million in the same period last year. On a constant exchange rate basis, revenue decreased to £200.7 million (compared with £201.0 million in 2022). Gross profit for 2023 increased 4.7 percent year-over-year to £103.5 million. Cash generated from operations was £16.9 million, while net debt excluding leasing was £24.2 million.

Lighthouse Guild Names Mordecai Erps as New Director of Manhattan GuildCare

By Staff
Thursday, April 18, 2024 12:21 AM NEW YORK—Registered nurse Mordecai Erps has been named director of GuildCare, a division of Lighthouse Guild in Manhattan, the organization has announced.

Glaukos Announces the Release of Its 2023 Sustainability Report

By Staff
Thursday, April 18, 2024 12:18 AM ALISO VIEJO, Calif.—Glaukos Corporation, an ophthalmic pharmaceutical and medical technology company focused on novel therapies for the treatment of glaucoma, corneal disorders and retinal diseases, has announced that it has published its 2023 Sustainability Report.

Innovative Eyewear Signs Distribution Partnership With Windsor Eyes

By Staff
Thursday, April 18, 2024 12:15 AM MIAMI—Innovative Eyewear, Inc., developer of smart eyewear under the Lucyd, Nautica, Eddie Bauer and Reebok brands, has announced a new partnership with Windsor Eyes, an eyewear manufacturing and distribution firm.

Johnson & Johnson Reports First Quarter 2024 Financial Results

By Staff
Wednesday, April 17, 2024 12:27 AM NEW BRUNSWICK, N.J.—Johnson & Johnson (NYSE: JNJ) has announced financial results for the first quarter of 2024, with reported sales growth of 2.3 percent to $21.4 billion, operational growth of 3.9 percent, and adjusted operational growth of 4.0 percent. Sales in the U.S. increased 7.8 percent for the first quarter. “Johnson & Johnson’s solid first quarter performance reflects our sharpened focus and the progress in our portfolio and pipeline,” said Joaquin Duato, chairman and chief executive officer. “Our impact across the full spectrum of health care is unique in our industry, and the milestones achieved this quarter reinforce our position as an innovation powerhouse.”

VSP Vision Releases 2023 Social Responsibility Impact Report

By Staff
Wednesday, April 17, 2024 12:24 AM RANCHO CORDOVA, Calif.—VSP Vision has released its 2023 Impact Report, which highlights the company’s progress toward its corporate social responsibility (CSR) commitments. The second annual report provides details on how VSP Vision continues to collaborate with its network of optometrists, community partners and employees to accelerate health equity, empower diversity, equity and inclusion (DE&I), and advance sustainability.

EyeSouth Partners Affiliates With Community Eye Care Specialists

By Staff
Wednesday, April 17, 2024 12:21 AM ATLANTA—EyeSouth Partners, an eyecare-focused management services organization committed to partnering with physicians to build a strong network of eyecare services in the U.S., has announced that it has partnered with Community Eye Care Specialists.