- Total sales increased 11% to $53.7 million
- Glasses sales grew 31% to $16 million
- Glasses Average Order Size grew 40% to $73.26
- Contact lens sales grew 5% to $37.7 million
Coastal Contacts (COA) soared to an all-time high of $11.34 as of 12:40 p.m. on Thursday after the online retailer of contact lenses and eyeglasses announced that Essilor International would acquire it for approximately CAD$430 million. Essilor, a Paris-based company that produces ophthalmic lenses and other ophthalmic optical equipment, will buy all issued and outstanding common shares of Coastal Contacts for CAD$12.45 a share.