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Watches of Switzerland – profit warning, hopefully Chris Bailey’s grumpiness on the shares was heeded…

By Steve Moore | Thursday 18 January 2024


Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.


Luxury watch retailer operating in the UK, US and Europe, Watches of Switzerland Group (WOSG) has issued a trading update commencing, “Despite a positive start to the early part of Q3 FY24, WOSG then experienced a volatile trading performance in the run-up to and beyond Christmas”. The use of “volatile trading performance” tends to actually mean poor trading performance…
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