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CFDs and FX are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 74-89% of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 69% of retail investor accounts lose money when trading spread bets and CFDs with this provider. You should consider whether you understand how spread bets and CFDs work, and whether you can afford to take the high risk of losing your money.
61% of retail CFD accounts lose money. Don’t invest unless you’re prepared to lose all the money you invest. This is a high-risk investment and you should not expect to be protected if something goes wrong. Take 2 mins to learn more at https://etoro.tw/44JRWLY
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 74% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 69% of retail investor accounts lose money when trading spread bets and CFDs with this provider. You should consider whether you understand how spread bets and CFDs work, and whether you can afford to take the high risk of losing your money.
61% of retail CFD accounts lose money. Don’t invest unless you’re prepared to lose all the money you invest. This is a high-risk investment and you should not expect to be protected if something goes wrong. Take 2 mins to learn more at https://etoro.tw/44JRWLY
CFDs and FX are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 74-89% of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 69% of retail investor accounts lose money when trading spread bets and CFDs with this provider. You should consider whether you understand how spread bets and CFDs work, and whether you can afford to take the high risk of losing your money.
61% of retail CFD accounts lose money. Don’t invest unless you’re prepared to lose all the money you invest. This is a high-risk investment and you should not expect to be protected if something goes wrong. Take 2 mins to learn more at https://etoro.tw/44JRWLY
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 74% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Watches of Switzerland (LON: WOSG) declined Wednesday, despite the firm posting a rise in revenue and raising its expectations in its interim results.
As expected, its results fell in line with other luxury brands, showing demand in the high-end fashion category remains resilient despite soaring inflation and other macroeconomic factors impacting other fashion retailers.
Revenue for fiscal H1 2023 was £765 million, up +23% on a constant currency basis from £586 million in H1 FY22. The company stated that it maintained its excellent momentum in the US with revenue of £311 million, while its robust success in the UK was driven by local clients, with revenue of £454 million.
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“We are pleased to report another quarter of strong trading driven by broad-based sales growth across our portfolio of world-leading partner brands. Demand remained strong through the quarter and continues to exceed supply, with client registration lists extending as consumers respond to innovative new products, impactful marketing and elevated client service,” said Brian Duffy, Chief Executive Officer of WOSG.
While Watches of Switzerland continues to monitor the broader macroeconomic climate, the company believes that the strength of the luxury watch and jewelry categories, the distinctive demand dynamics, and its model’s success and adaptability will support long-term sustainable sales growth.
The company increased guidance to account for currency fluctuations, with sales in the second half to range between £1.5 billion and £1.55 billion, up from previous guidance of £1.45 billion to £1.55 billion, while adjusted EBIT is expected to be between £163 million and £175 million, up from £157 million to £169 million previously.
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Shares of Watches of Switzerland have slipped 1.7% so far Wednesday.
Sam is a trader and lead stock market writer at AskTraders. After starting his career in the forex market, Sam now focuses on stocks, specifically consumer staples.
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