Watches of Switzerland Raises FY Guidance After H1 Profit Surge
Group revenue rose 15% year on year to £974m in the 26 weeks ended 1 November. Adjusted underlying earnings were expected to rise around 28% to £87m–£89m, with margin expansion of 80–100 basis points and improved operating leverage.
Watches of Switzerland said group revenues rose 15% year-on-year to £974m in the 26 weeks ended 1 November, while adjusted underlying earnings were expected to have increased by around 28% to between £87m and £89m, reflecting margin expansion of 80 to 100 basis points and improved operating leverag…