For full-year 2024 revenue is now expected to be between 1.53 billion pounds ($1.94 billion) and 1.55 billion pounds
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Luxury watches retailer Watches of Switzerland slashed its annual revenue guidance on Thursday, as consumers rein in spending and move away from splurging on luxury items.
For full-year 2024 revenue is now expected to be between 1.53 billion pounds ($1.94 billion) and 1.55 billion pounds, compared with its earlier forecast range of 1.65 billion pounds to 1.70 billion pounds, the company said.
($1 = 0.7877 pounds) (Reporting by Chandini Monnappa in Bengaluru; Editing by Rashmi Aich)
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