Key Takeaways:
British luxury watch retailer Watches of Switzerland (WOSG.L) on Thursday forecast organic revenue growth of 5% to 10% for its 2027 fiscal year, citing robust demand in the U.S.
The outlook provides a long-term positive signal for the company, which sells brands like Rolex and TAG Heuer.
For the fiscal year 2026, the company anticipates an operating profit between £152 million and £155 million, surpassing the company-compiled analyst consensus of £148.2 million. The North American market has been a significant growth driver, now contributing more than half of the group's total sales after a period of soft luxury spending.
The company's ability to outperform profit expectations for the current fiscal year and provide strong future revenue guidance points to a successful recovery and expansion strategy focused on the American market. Investors will watch for the full fiscal 2026 results to confirm the execution of this strategy.
This article is for informational purposes only and does not constitute investment advice.
