Watches Of Switzerland Group Plc (GB:WOSG) has released an update.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Watches of Switzerland Group PLC reports a solid performance for Q4 FY24, with group revenue up by 4% at constant currency and a confident outlook despite macroeconomic challenges. The company highlights strong sales in the U.S., robust demand for luxury watches, and successful pre-owned segments, especially Rolex Certified Pre-Owned. In addition to its acquisition of Roberto Coin Inc., the firm is focused on long-term growth, planning several new showroom developments and aiming to more than double sales and adjusted EBIT by FY28.
For further insights into GB:WOSG stock, check out TipRanks’ Stock Analysis page.