Inspecs Group, a leading eyewear designer, manufacturer, and distributor based in the UK, has recently announced a strong sales performance in the third quarter of this year. This positive result comes after an equally impressive first half of the fiscal year. The company revealed unaudited revenues of $185 million for the nine months ending on September 30, adding to the $125.7 million achieved in the first six months of the fiscal year ending June 30. Compared to the same period in 2020, which saw sales slump to just $16.7 million due to the impact of the pandemic, these figures demonstrate a remarkable rebound.

While specific details on earnings were not provided by Inspecs, it is worth noting that the underlying EBITDA (earnings before interest, taxes, depreciation, and amortization) experienced a significant increase in the first half of 2020. It surged from $0.7 million in the first half of 2019 to $17.7 million in the corresponding period in 2020. Additionally, reported pre-tax losses were reduced from $8.3 million to $2.6 million.

Looking ahead to the fourth quarter, Inspecs remains cautiously optimistic as it faces ongoing supply chain disruptions caused by the lingering impact of Covid-19. However, the company maintains confidence in its full-year outlook and emphasizes that the 2022 order book is in line with management’s expectations.

Inspecs Group holds licenses for a range of fashion brands, including Superdry, Ted Baker, Radley London, and O’Neill. Despite the challenges imposed by the pandemic, the company has effectively navigated the market and displayed resilience in overcoming supply chain difficulties. With its strong sales performance, positive outlook, and prestigious brand partnerships, Inspecs is well-positioned for future growth and success in the ever-expanding eyewear industry.

For more information on Inspecs Group and its achievements, please visit their official website here.

To explore their diverse range of eyewear products and licensed brand collaborations, kindly visit their product catalog here.