Business
Q3 Trading Update
Q3 Trading Update.
About this update from Watches Of Switzerland Group Plc
[{"type":"text","content":"\n \n \n RNS Number : 2620E\n Watches of Switzerland Group PLC\n 27 February 2020\n \n \n \n \n \n \n \n \n \n \n \n The Watches of Switzerland Group PLC\n \n \n Q3 FY20 Trading Update\n \n \n for the 13 and 39 weeks to 26 January 2020 \n \n \n \n \n \n Continued strong luxury watch sales growth, Increased momentum in US market,\n \n \n Full-year performance on track \n \n \n \n \n \n Revenue Performance by Geography\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n Q3\n \n \n \n \n YTD\n \n \n \n \n \n \n \n \n \n \n \n \n \n 13 weeks to 26 January 2020 \n \n \n £ million\n \n \n \n \n 13 weeks to 27 January 2019 \n \n \n £ million\n \n \n \n \n Total change YoY\n \n \n \n \n Constant currency change YoY\n \n \n \n \n Like-for- like* change YoY \n \n \n \n \n 39 weeks to 26 January 2020 \n \n \n £ million\n \n \n \n \n 39 weeks to 27 January 2019 \n \n \n £ million\n \n \n \n \n Total change YoY\n \n \n \n \n Constant currency change YoY\n \n \n \n \n Like-for-like* change YoY\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n UK Sales\n \n \n \n \n 183.3\n \n \n \n \n 171.3\n \n \n \n \n +7.0%\n \n \n \n \n +7.0%\n \n \n \n \n +6.1%\n \n \n \n \n 500.9\n \n \n \n \n 458.5\n \n \n \n \n +9.2%\n \n \n \n \n +9.2%\n \n \n \n \n +9.2%\n \n \n \n \n \n \n US Sales\n \n \n \n \n 74.6\n \n \n \n \n 57.4\n \n \n \n \n +30.0%\n \n \n \n \n \n \n \n +32.3%\n \n \n \n \n +9.0%\n \n \n \n \n 185.7\n \n \n \n \n 135.6\n \n \n \n \n +37.0%\n \n \n \n \n \n \n \n +34.1%\n \n \n \n \n +8.1%\n \n \n \n \n \n \n Group Revenue\n \n \n \n \n 257.9\n \n \n \n \n 228.7\n \n \n \n \n +12.8%\n \n \n \n \n +13.4%\n \n \n \n \n +6.8%\n \n \n \n \n 686.6\n \n \n \n \n 594.1\n \n \n \n \n +15.6%\n \n \n \n \n +14.9%\n \n \n \n \n +8.9%\n \n \n \n \n \n \n \n \n Q3 Highlights\n \n \n · \n Group revenue up 12.8% to £257.9 million (Q319: £228.7 million)\n \n \n · \n Like-for-like (LfL) sales up 6.8%, driven by continued strong luxury watch sales across UK and US with Online (UK) up 20.8%\n \n \n · \n Demand for key luxury watch brands continued to exceed supply, particularly over festive trading per...