Previous Close | 174.20 |
Open | 175.50 |
Bid | 171.60 x N/A |
Ask | 180.40 x N/A |
Day's Range | 175.20 - 177.45 |
52 Week Range | 167.40 - 279.10 |
Volume | |
Avg. Volume | 46,508 |
Market Cap | 9.264B |
Beta (5Y Monthly) | 0.97 |
PE Ratio (TTM) | 9.30 |
EPS (TTM) | 18.93 |
Earnings Date | Jul 15, 2024 |
Forward Dividend & Yield | 6.00 (2.64%) |
Ex-Dividend Date | May 12, 2023 |
1y Target Est | N/A |
For investors in Swiss watch brands, new data shows long-running price declines will continue.
Despite the Swiss group’s confidence that the second half would improve strongly, markets remained skeptical.
Swatch Group, the world's biggest watchmaker, reported a steep drop in first half sales and earnings on Monday as demand for luxury goods in China remained weak, but forecast business would improve significantly later in 2024. The Swiss maker of Tissot, Longines and Omega watches, as well as the eponymous plastic Swatch watches, said net sales at current exchange rates dropped 14.3% to 3.45 billion Swiss francs ($3.85 billion) in the January-June period. Sales were well below the 3.75 billion franc consensus forecast gathered by Visible Alpha, with the company also pointing to a negative currency impact of 145 million francs.