Luxottica SpA (LUX) said Monday its net profit rose 14% in the first quarter as it posted double-digit sales growth.

Luxottica said it had record net profit of EUR131 million in the first three months of the year, compared with EUR115 million in the same period last year.

That figure includes a EUR15 million non-recurring charge related to reorganizing Luxottica's OPSM business in Australia. Factoring that out, adjusted net profit rose 27% to EUR146 million, the company said.

Analysts had an average forecast of EUR143 million in adjusted net profit.

Luxottica said its adjusted earnings before interest, taxes, depreciation and amortization rose 22% to EUR346 million as group net sales rose 15% to EUR1.788 billion.

As well as skyrocketing sales in emerging markets, Luxottica posted an 8.5% gain in first-quarter North American sales, driven by strong wholesale trends, buoyed by the launch of the new Coach Inc. (COH) brand.

Sales in Western Europe rose a more modest 6%, while revenue in emerging markets jumped 36%, the company said.

"We look toward the rest of the year with optimism," Chief Executive Andrea Guerra said in a statement.

-By Christopher Emsden, Dow Jones Newswires; +39 06 6976 6920; chris.emsden@dowjones.com

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