7 December 2023 - interim results

The retailer of luxury watches has announced interim results for the 26 weeks to 29 October which have revealed a relatively good performance.  Group revenue for the period was pretty static at £761m although adjusted pre-tax profit declined to £71.9m from £84.4m a year earlier.  Earnings per share on the same basis were down to 21.5p from 27.8p.  Trading was difficult in the UK as consumer spending came under pressure although the US market did well with revenues rising by 11% - the US now represents 43% of group revenue and . . .

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