David Hughes, a retail expert at Shore Capital, said: 'Given the worsening views on the economic outlook of the UK, and a number of recent profit downgrades from retailers following a softer seasonal period, a report of good trading and maintained 2024-25 guidance should reassure.
'Given our trading performance over the first nine months of the fiscal year, visibility of supply in both markets, certainty on the timing of key showroom openings, and expectations of new product launches, we remain confident in delivering our FY25 guidance,' the firm said.
Positive outlook: Watches of Switzerland Group has reaffirmed its guidance following healthy trading in Britain and the United States over Christmas.
Watches of Switzerland Group has reaffirmed its guidance following healthy trading in Britain and the United States over Christmas.
The London-based company bought Roberto Coin for £104million last year, as well as the watch enthusiast website Hodinkee, partly to capitalise on American consumers' growing interest in luxury goods.
