Q3 2023 Watches of Switzerland Group PLC Trading Statement Call Transcript

Feb 15, 2024

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Feb 09, 2023 / 09:00AM GMT
Operator

Welcome, and thank you for joining The Watches of Switzerland Third Quarter Fiscal Year '23 Trading Update. My name is Harry, and I'll be coordinating your call today. (Operator Instructions) And I'd now like to hand you over to your host, Brian Duffy, CEO of Watches of Switzerland Group to begin. Brian, please go ahead.

Hugh Brian Duffy - Watches of Switzerland Group plc - CEO & Director

Thank you, Harry, and good morning, everyone. Welcome to our call, and thanks for joining us. I'm Brian Duffy, the CEO of the Watches of Switzerland Group, and I'll be adding some further commentary to the Q3 fiscal '23 trading announcement that we made this morning. Bill, our CFO, will then add some comments, and then we'll both be happy to take your questions. I'm very pleased with our strong performance in Q3, delivering sales growth of 17% and reported 12% constant currency. It's in line with how we had guided to the quarter and a half year.

Sales growth in the U.S. remained very strong at plus 36% reported, plus 22% in constant currency. U.K., Europe sales

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