Watches of Switzerland slides as Q3 sales miss estimates

Feb 9, 2023 · Meanwhile, Q3 sales of luxury jewellery dipped 2% in the same period a year ago to £41m, as the company continues to focus on full-price sales, with average selling price …

CouponFollow Extension

2%
OFF

Watches Of Switzerland Slides As Q3 Sales Miss Estimates

5 days from now

Feb 9, 2023 · Meanwhile, Q3 sales of luxury jewellery dipped 2% in the same period a year ago to £41m, as the company continues to focus on full-price sales, with average selling price …

sharecast.com

22%
OFF

Watches Of Switzerland Group PLC Q3 FY23 Trading

5 days from now

• Q3 FY23 luxury watches +22% at reported rates to £340 million, representing 84% of revenue (Q3 FY22: 80%) with growth driven by an increase in average selling price and volume • Q3 …

thewosgroupplc.com

10%
OFF

Watches Of Switzerland Shares Slump 10% As Growth Slows And …

5 days from now

Feb 9, 2023 · - Q3 revenue growth slows - Jewellery sales turn negative - But luxury watch seller maintains full year guidance. Shares in Watches of Switzerland () sank 10% lower to 910p …

sharesmagazine.co.uk

£1
OFF

Watches Of Switzerland Hails Robust Performance But Shares Slide

5 days from now

Feb 9, 2023 · For the current financial year, Watches of Switzerland estimates sales will increase to between £1.5billion and £1.55billion, while adjusted earnings before interest and tax are set to range ...

thisismoney.co.uk

33%
OFF

Watches Of Switzerland Shares Plunge 33% After Guidance Cut - MSN

5 days from now

Watches of Switzerland shares plummeted on Thursday morning, after the luxury watch retailer cut its guidance for the 2024 fiscal year. "Despite a positive start to the early part of Q3 FY24, …

msn.com

20%
OFF

Watches Of Switzerland Shares Jump 20% As CEO Voices “cautious …

5 days from now

May 16, 2024 · The Watches of Switzerland (WOS) Group has today (Thursday 16 May 2024) issued a trading update for the fourth quarter of the 2024 financial year (FY24), reporting a 4% …

watchpro.com

12%
OFF

Watches Of Switzerland Confident Of Sales Boost Amid Recovery In …

5 days from now

Sep 3, 2024 · Watches of Switzerland confident of sales boost amid recovery in luxury market The retailer remains on track for sales to grow by up to 12% to around £1.73 billion over 2024-25, …

standard.co.uk

6%
OFF

Watches Of Switzerland Sales Surge By 44.6 Percent

5 days from now

Nov 11, 2021 · Sales for Watches of Switzerland Group for the first six months of its 2022 financial year — 26 weeks to October 31 — increased by 44.6% over the same six months last …

watchpro.com

FAQs about Watches of Switzerland slides as Q3 sales miss estimates Coupon?

Why did watches of Switzerland slash its annual revenue forecast?

The London-listed group slashed its annual revenue forecast, as shoppers rein in splurging on luxury items and economic headwinds prevail. 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. ...

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 did watches of Switzerland increase 1% on Thursday?

Shares in Watches of Switzerland increased 1% on Thursday having lost 30% of their value over the previous 12 months. The watch seller blamed its flat sales on the “challenging” consumer environment in Britain, as it also said the closure of several of its British showrooms hit its U.K. and Europe arm’s revenues. ...

What happened to watches of Switzerland wosg?

Watches of Switzerland WOSG, +4.92% on Thursday reported flat sales and a sharp drop in earnings in the first half of the year as its business was hit by the downturn in the global luxury goods market. ...

Why did watches of Switzerland's shares tumble?

Watches of Switzerland reiterated its full-year guidance on Thursday as it posted a jump in third-quarter revenues amid solid demand, but shares in the retailer tumbled as results missed expectations. ...

Is watches of Switzerland group The Biggest Faller on the FTSE 250?

As a result, total turnover came in £18million below the consensus expectations of £425million, leading Watches of Switzerland Group shares to dive by 11 per cent to £8.95 on Thursday. This made them the biggest faller on the FTSE 250 Index, although they have still more than trebled since the Covid-19 pandemic started. ...