Watches of Switzerland hits over 1-year high as FY26 profit seen above estimates

Watches of Switzerland

14/05/2026 08:31

** Shares of British luxury watch retailer Watches of Switzerland WOSG.L rise as much as 13.6% to 603.21p, a peak since January 2024

** Co expects fiscal 2026 profit above market expectations, betting on a solid U.S. market

** "The U.S. continues to be the primary engine of growth, with revenue up 24% in constant currency to $1.24 billion and now accounts for over half of Group sales," CEO Brian Duffy says

** Forecasts annual operating profit between 152 million pounds ($205.46 million) and 155 million pounds for fiscal 2026, above analysts' estimate of 148.2 million pounds, according to a company-compiled poll

** YTD stock is up 12%

($1 = 0.7398 pounds)

 (Reporting by Neeshita Beura in Bengaluru)

 ((Neeshita.Beura@thomsonreuters.com))