Watches of Switzerland confirms FY25 guidance, shares jump By Investing.com
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Sep 03 2024
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Source: Investing.com
Positive Financial Outlook: Watches of Switzerland Group's shares rose 8.6% after the company reaffirmed its fiscal year 2025 guidance, citing strong demand for luxury products and successful trading in the UK and US markets.
Expansion Plans: The company is expanding its luxury jewellery portfolio and plans to open several new boutiques, including a flagship Rolex store in London and an Audemars Piguet Townhouse in Manchester, as part of its growth strategy.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
