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Pin to quick picksWatches Switz Share News (WOSG)

Share Price Information for Watches Switz (WOSG)

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Share Price: 392.20
Bid: 390.20
Ask: 392.60
Change: 0.40 (0.10%)
Spread: 2.40 (0.615%)
Open: 403.00
High: 403.00
Low: 387.20
Prev. Close: 391.80
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Watches of Switzerland Q3 revenues grow, FY profits seen at upper end of guidance

Thu, 10th Feb 2022 07:14

(Sharecast News) - Retailer Watches of Switzerland said on Thursday that both third-quarter and year-to-date revenues had grown, leading the firm to expect full-year revenues and profits to trend more towards the top end of guidance.
Watches of Switzerland said third-quarter group revenues were up 27.9% at £348.1m, while year-to-date revenues were 38% stronger at £934.3m as demand for luxury watches continued to be "very strong" in both the UK and the US, consistently exceeding supply.

As a result of the strong trading seen in the 13 weeks ended 30 January, margin accretive sales growth of other luxury watch brands and price increases implemented by certain brands, Watches of Switzerland now expects full-year revenue and profit to be "towards the top end" of its already upgraded guidance.

Chief executive Brian Duffy said: "I am pleased to report continued strong momentum for our group following a successful Christmas trading period. We have delivered impressive growth in both luxury watches and luxury jewellery in both the UK and US markets demonstrating the value of our portfolio of world-leading partner brands.

"Strong trading to date, revised pricing by certain brands and visibility of supply for calendar 2022 all support our expectation to perform towards the top end of our full-year guidance. Demand in our category continues to outstrip supply and we remain confident in the future of our business and achieving the goals laid out in our long-range plan."
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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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IN BRIEF: Crest Nicholson hires ex-Watches, Rank CFO to head finance

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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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