27 June 2024 - final results

The luxury watch retailer has endured a difficult year in the twelve months to 28 April although group revenues were unchanged at around £1.5bn.  Adjusted pre-tax profits fell by 19% to £128.9m with earnings per share on the same basis falling by 28% to 38.0p.  Increased revenues in the US were offset by weaker revenues in the UK although the company is continuing its expansion programme with a number of new showrooms planned for the current financial year.  Trading conditions are expected to remain pretty challenging although the group is cautiously . . .

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