The company operates more than 190 stores worldwide and is a major retailer of brands such as Rolex, Omega, Cartier, TAG Heuer, and Breitling. Group sales increased by 8 per cent on a year-on-year comparison for the period ending 26 October.
Revenue in the US increased by 15 per cent, while sales in the UK improved by a modest 2 per cent. In May 2024, the company announced its $130 million acquisition of jewellery brand Roberto Coin. CEO Brian Duffy said the brand continued to perform well.
“The US has been the standout performer, with sales up 20 per cent in constant currency, driven by broad-based growth across brands and categories throughout the period,” Duffy said.
“Investments in our teams, showrooms and digital offer are driving growth, while Roberto Coin is delivering excellent results as we implement our growth acceleration strategy in the first full year of ownership.”
The report also noted the impact of US tariffs, stating that the company was closely monitoring developments and responses within the market. It also stated that no ‘significant changes’ to consumer behaviour had been observed.
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