Watches of Switzerland Group PLC (STU:5WS)
€ 6.6 0 (0%) Market Cap: 1.63 Bil Enterprise Value: 2.32 Bil PE Ratio: 32.49 PB Ratio: 2.44 GF Score: 83/100
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Q3 2021 Watches of Switzerland Group PLC Trading Statement Call Transcript

Feb 04, 2021 / 09:00AM GMT
Release Date Price: €7.15 (-0.69%)
Brian Duffy
Watches of Switzerland Group PLC - CEO

Thank you, Emily, and good morning, everybody. Thanks for joining us. You've all got our trading update, so I will not go through that line by line. Just want to give a wee bit more color to our performance. We are very, very pleased at what our teams have delivered for our Q3. We have been facing gale force headwinds overall. UK lockdown, clearly we were closed for November, we were closed for January. And as we reported, only opened 37% of (inaudible) overall.

Our international business which has been our headwind throughout the year was again only 6.6% of our sales compared to over 22%. In the US all of our shops are open, but traffic remains a challenge, down 30%-35%. And clearly people are not traveling to Vegas and New York, Manhattan. The same as London; people are not working there, are not shopping there and they are not traveling there as tourists.

And then those circumstances to deliver US tremendous performance, 19% year-on-year; UK only super strong, 120% up. (inaudible) colleagues on their notable successes within that

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