Story Highlight
– Ramsdens anticipates 20% jewellery retail gross profit increase.
– Growth in new and pre-owned jewellery reported.
– Premium watches also contributing to profit increase.
– Higher gold costs noted, yet profits expected to rise.
– Pre-close trading update for year ended September 2026.
Full Story
Ramsdens Holdings anticipates a rise of around 20% in gross profit from its jewellery retail sector for the financial year ending 30 September 2026. This positive growth is attributed to both new and pre-owned jewellery lines, as well as an increase in sales of premium watches, despite the prevailing challenges posed by elevated gold prices. The company shared these insights in its pre-close trading statement.
