Reported about 7 hours ago
Watches of Switzerland is on track to report first-half results that align with expectations, driven by strong demand in the U.S. and steady performance in the UK luxury markets. The company does not anticipate that new U.S. tariffs on Swiss imports will negatively impact results, thanks to increased inventories by brand partners and a 45% rise in Swiss watch exports in July. Shares rose by 11% in early trading as the company remains optimistic about its financial outlook.
Source: YAHOO