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Business Summary: Watches of Switzerland Group PLC is a United Kingdom-based luxury watch retailer. The Company operates in the United Kingdom and the United States comprising seven brands, such as Watches of Switzerland (the United Kingdom and the United States), Mappin & Webb (the United Kingdom), Goldsmiths (the United Kingdom ), Mayors (the United States), Betteridge (the United States), Hodinkee and Analog:Shift (the United States) with a complementary jewelry offering. The Company also owns the exclusive distribution rights for Roberto Coin in the United States, Canada, Central America and the Caribbean. The Company has approximately 221 showrooms across the United Kingdom, the United States and Europe, including 96 dedicated mono-brand boutiques in partnership with Rolex, OMEGA, TAG Heuer, Breitling, TUDOR, Audemars Piguet, Grand Seiko, BVLGARI and FOPE and has a presence in Heathrow Airport with representation in Terminals two, three, four and five as well as seven retail Websites.
Financial Summary: BRIEF: For the fiscal year ended 28 April 2024, Watches of Switzerland Group PLC revenues remained flat at L1.54B. Net income decreased 51% to L59.1M. Revenues reflect US segment increase of 6% to L691.8M, US segment increase of 6% to L691.8M, Retail Sales US watch & jewellery increase of 6% to L691.8M, also reflect UK segment decrease of 5% to L846.1M, U.K segment decrease of 5% to L846.1M, Retail Sales UK watch & jewellery decrease of 5% to L846.1M.