StockMarketWire.com - Luxury watch retailer Watches of Switzerland said it grew revenue by 18% in its first quarter, with gains posted in both the UK and US.
Revenue for the three months through June jumped to £209.4m, up from £177.7m on-year.
On a like-for-like basis, revenue rose 11%.
The company said that while it noted ongoing wider macro-economic uncertainty in the UK and US, it was confident of meeting its expectations for the current financial year.
'Our first quarter as a listed business saw continued strong underlying growth in both the UK and US supported by the expansion of our showroom portfolio,' chief executive Brian Duffy said.
'Our focus on store upgrades and store customer service, supported by increasing digital and social marketing and closer collaboration with brand partners, is working.'
At 9:56am: [LON:WOSG] share price was +3.25p at 287.25p
Story provided by StockMarketWire.com
Shares Magazine
Shares is the leading weekly publication for retail investors. It is packed with investment ideas, news and educational material to help build and run portfolios and get more from your money.
Investor Events
Shares puts on free Investor Events throughout the year across the country. They provide an opportunity for investors to learn more about companies on the stock market and hear from a range of investment experts including fund managers and Shares journalists.