Watches of Switzerland profits fall despite strong US demand

Dec 5, 2024 · Watches of Switzerland reported a 4% year-on-year rise in group revenue to £785m in its first half, driven by strong growth in the US market. However, the luxury watch retailer’s …

CouponFollow Extension

4%
OFF

Watches Of Switzerland Profits Fall Despite Strong US Demand

5 days from now

retailgazette.co.uk

4%
OFF

Watches Of Switzerland H1 Revenues Jump On US Demand, Profit Falls

5 days from now

Dec 5, 2024 · In the 26 weeks to 27 October, group revenue rose 4% to £785m, with an improvement in trading in the second quarter. US revenue grew 11% to £355m. In the UK and …

sharecast.com

25%
OFF

Watches Of Switzerland's Profits Climb By 25% Due To Strong US …

5 days from now

Dec 14, 2022 · Watches of Switzerland's profits climb by 25% as luxury demand holds up and offsets consumer pressure concerns. The firm reported profits of £64.6m for the six months ending 30 October

thisismoney.co.uk

6%
OFF

Why Watches Of Switzerland Shares Are Down 6% Despite Strong …

5 days from now

Dec 14, 2022 · - Rolex seller reiterates full year guidance - First half sales and profits tick higher - Margin and cash flow declines weigh on sentiment. Shares in Watches of Switzerland () sank …

sharesmagazine.co.uk

£155
OFF

Profit Falls At Watches Of Switzerland But Rolex Seller Maintains

5 days from now

The Rolex seller reported that pretax profit fell 40 per cent in the year to April, falling from £155m to £92m.. Group revenue rose two per cent on a constant currency basis to £1.5bn, with ...

msn.com

FAQs about Watches of Switzerland profits fall despite strong US demand Coupon?

Why did watches of Switzerland surge in revenue?

Watches of Switzerland has announced a surge in revenue, buoyed by robust demand in the US market, even as luxury watch sales remain static in the UK and Europe. ...

What's going on with watches of Switzerland shares?

Watches of Switzerland shares slumped over 30 per cent or 172.4p to 414.6p on Thursday, having fallen over 57 per cent in the last year. The group now expects full-year 2024 revenues to come in between £1.53billion and £1.55billion, compared with its earlier forecast range of £1.65billion to £1.7billion. ...

Why are Swiss watches so popular in the US?

Watches of Switzerland's sales in the US soared by 86 per cent thanks to higher jewellery purchases and the opening of six boutique stores selling goods from brands including TAG Heuer, Breitling, and Grand Seiko. ...

Why did watches of Switzerland shares tumble?

Watches of Switzerland shares tumbled as the group issued a stark warning over its financial forecasts. It expects 'no recovery' in consumer demand for the foreseeable future. ...

How did watches of Switzerland perform in 2024?

Watches of Switzerland reported a significant fall in profit in 2024 but the firm reiterated its guidance despite the challenging year. The Rolex seller reported that pretax profit fell 40 per cent in the year to April, falling from £155m to £92m. ...

Will Switzerland reallocate investment to US and UK markets?

Watches of Switzerland noted that it will reallocate investment from the European market to the US and UK reflecting the “high returning opportunities” in those markets. The firm reiterated its outlook for the 2025 financial year, saying it was “cautiously optimistic”. ...