Swatch Group revenues miss analysts’ estimates – CPP-LUXURY
Swatch Group failed to hit the sales record predicted by its chief executive officer as the return of customers in China for brands including Omega and Longines disappointed and a strong Swiss franc weighed down results. The Swiss based company reported revenue of 7.9 billion Swiss francs ($9.1 billion) for 2023, missing an analyst consensus estimate of 8 billion francs….