Watches of Switzerland beats profit guidance as US sales sweep higher

Watches of Switzerland Group PLC (LSE:WOSG) upgraded profit guidance and said it expects to report record annual revenue after strong growth in the US luxury watch market helped offset a tougher backdrop in the UK. In a year-end trading update, the luxury watch retailer said revenue came in at £1.83 billion for the 53 weeks to 3 May, ticking up 13% at constant currency.