Watches of Switzerland shares jumped after rounding off FY26 with record revenue of £1.83bn, up 13% in constant currency, and lifted profit guidance powered by robust demand in the US and the UK.
The US remains the group’s primary growth engine. Revenue there rose 24% in constant currency to $1.24bn, with the region now accounting for more than half of group sales and profit just over eight years after entering the world’s largest luxury watch market.
Growth was broad-based across categories, brands, price points and regions, while the Roberto Coin wholesale division delivered a strong +22%.
UK revenue grew 5% as luxury watches and pre-owned remained strong, with luxury jewellery gathering momentum in the second half against a still-challenging consumer backdrop.
Adjusted EBIT for the year is now expected to come in at £152m–£155m, ahead of previous guidance, reflecting the stronger sales performance.
The group also sees further growth beyond this year, with FY27 guidance pointing to revenue growth of 5–10% at constant currency, alongside 40–80 bps of adjusted EBIT margin expansion, capex of £60m–£70m, and around 70% free cash flow conversion.
Overall, an upbeat set of results from Watches of Switzerland, which sent shares 15% higher on Thursday.