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Pin to quick picksWatches Switz Share News (WOSG)

Share Price Information for Watches Switz (WOSG)

London Stock Exchange
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Share Price: 332.00
Bid: 335.00
Ask: 335.60
Change: -13.00 (-3.77%)
Spread: 0.60 (0.179%)
Open: 350.40
High: 353.60
Low: 332.00
Prev. Close: 345.00
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Watches of Switzerland lifts FY guidance on higher Q2 sales

Tue, 06th Oct 2020 07:02

(Sharecast News) - Watches of Switzerland lifted its full-year guidance on Tuesday driven by better-than-expected second quarter US and UK revenues which offset lower tourist and airport sales.
Revenue for the year to April 30 was now expected to be £880m - £910m, up from previous guidance of £840m - £860m.

Earnings before interest, tax, depreciation and amortisation (EBITDA) margin was forecast to rise 1% year on year, while the adjusted EBITDA margin was expected to increase 1.5% from previous guidance of flat.

Revenue in the first 10 weeks of the second quarter rose 18%, or by 20% in constant currency terms year on year to £202.7m. New product launches have also been stronger than anticipated with a positive influence on sales, the company said.

UK performance continued to be driven by strong domestic sales offsetting lower tourist and airport business; tourist and airport sales accounted for 9.2% of group sales in the second quarter to date, down from 32.5% a year earlier.

Regional stores continued to outperform London stores where footfall remains weak, the company said. Second quarter sales to date of £145.1m were 12.6% higher versus the prior year, while. UK ecommerce sales rose +49.9%

In the US, momentum has further accelerated "with an exceptionally strong and broad-based performance in the quarter to date". Sales there rose 43.4% to £57.7m on a constant currency basis.

"Our guidance for the balance of the fiscal year assumes that the positive trend experienced in Q2 will be moderated by the impact of pandemic related retail disruption in the UK and the US and uncertainty in the US economy, impacting mainly in Q3. We do not assume any improvement in recent trends regarding the travel or tourist sectors," said chief executive Brian Duffy.

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31 Oct 2023 15:47

UK earnings, trading statements calendar - next 7 days

Wednesday 1 November 
Asos PLCFull Year Results
Aston Martin Lagonda Global Holdings PLCQ3 Results
Beximco Pharmaceuticals LtdFull Year Results
GSK PLCQ3 Results
Next PLCTrading Statement
Smurfit Kappa Group PLCTrading Statement
Weir Group PLCTrading Statement
Thursday 2 November 
BT Group PLCHalf Year Results
Derwent London PLCTrading Statement
Entain PLCTrading Statement
Haleon PLCQ3 Results
Helios Towers PLCQ3 Results
Hikma Pharmaceuticals PLCTrading Statement
Howden Joinery Group PLCTrading Statement
J Sainsbury PLCHalf Year Results
Kin & Carta PLCFull Year Results
OSB Group PLCTrading Statement
Shell PLCQ3 Results
Smith & Nephew PLCQ3 Results
TI Fluid Systems PLCTrading Statement
Trainline PLCHalf Year Results
Friday 3 November 
no events scheduled 
Monday 6 November 
Kingspan Group PLCTrading Statement
Kosmos Energy LtdQ3 Results
Ryanair Holdings PLCHalf Year Results
Tuesday 7 November 
Associated British Foods PLCFull Year Results
Beazley PLCQ3 Results
Direct Line Insurance Group PLCTrading Statement
dotdigital Group PLCFull Year Results
IWG PLCQ3 Results
Persimmon PLCTrading Statement
Vaalco Energy IncQ3 Results
Watches of Switzerland Group PLCTrading Statement
  
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23 Oct 2023 09:24

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13 Oct 2023 09:06

IN BRIEF: Crest Nicholson hires ex-Watches, Rank CFO to head finance

Crest Nicholson Holdings PLC - Surrey, England-based housebuilder - Hires William Floydd as finance director designate, effective from November 13. Follows mid-July announcement that current Finance Director Duncan Cooper will leave Crest Nicholson in January to become chief financial officer at builders' merchant Travis Perkins PLC. Floydd most recently was CFO of Watches of Switzerland Group PLC from January 2022 until May this year. He previously was CFO at Rank Group PLC from 2018 to 2021, after serving as UK & Ireland CFO at Experian PLC from 2013 to 2018. Crest Nicholson Chair Iain Ferguson says he is "delighted" by the appointment due to Floydd's "extensive experience as a [CFO] within the public listed company environment."

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8 Sep 2023 09:04

Rolex exposure has its risks for Watches of Switzerland, says Stifel

(Sharecast News) - The significant exposure that Watches of Switzerland Group (WOSG) has to Rolex is both the group's main investment appeal and a key risk, according to broker Stifel which kicked off coverage of the stock with a 'hold' rating on Friday.

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4 Sep 2023 11:29

Director dealings: Watches of Switzerland insiders buy dip, Woodside execs vest and sell

(Sharecast News) - Watches of Switzerland Group had several entries on the list of director buys on Monday, after it made four separate disclosures to the market.

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4 Sep 2023 10:02

IN BRIEF: Watches of Switzerland senior team buy following Rolex scare

Watches of Switzerland Group PLC - Leicester, England-based watch seller - Chief financial officer, board chair, and two non-executive directors buy nearly GBP900,000 in stock on Friday last week, after its price took a hit from the acquisition of a rival retailer by key supplier Rolex SA. CFO Anders Romberg buys 100,000 shares at GBP5.85, worth GBP584,700. Chair Ian Carter buys 35,000 shares at prices from 582.50 pence to 589.50p, worth GBP205,690 in total. Non-executive directors Tea Colaianni and Robert Moorhead buy 8,500 and 8,495 shares respectively, at GBP5.86 and GBP5.84. Watches of Switzerland shares dropped more than 20% late last month after Rolex announced it had bought Bucherer SA. However, Watches of Switzerland said it was reassured by Rolex their relationship remained unchanged, and the opportunistic acquisition of a partner for the past 100 years didn't represent a broader move into retail by the high-end Swiss watchmaker.

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25 Aug 2023 17:20

European shares lose steam as Powell speech feeds rate concerns

Fed's Powell says higher rates may be needed

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25 Aug 2023 17:19

UK midcaps slip as Watches of Switzerland drags, end week higher

Midcaps log first weekly gain in five

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25 Aug 2023 16:57

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25 Aug 2023 12:07

LONDON MARKET MIDDAY: FTSE 100 pushes higher ahead of Fed chair speech

(Alliance News) - The FTSE 100 edged higher at midday on Friday as all eyes turned to US Federal Reserve Chair Jerome Powell's address at Jackson Hole later in the day.

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