The parent of the Costa and Native eyewear brands serving the marine and outdoor markets, is projecting the optical group will generate $106 million in revenues, 59% gross margins and 18% EBITDA in FY14. That sales estimate represents 45% top line growth over the $73 million in estimated group sales for FY11. ATX formally reports FY11 results on Feb. 22. Overall, A.T. Cross’s optical group has generated CAGR of 24% since 2003.

As for FY12, Cross is targeting $83 million in revenues for the optical group, which generated an estimated 20% sales growth in FY11, and EBITDA of $15 million. Costa, ... Log in to view full article.