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Watches of Switzerland Group PLC (WOSGF) Q4 2026 Sales/Trading Call Transcript

Shares in Watches of Switzerland Group PLC (LSE:WOSG) ticked 14% higher to 605p after a fourth-quarter update from the upmarket retailer. Revenue for the year to 3 May is expected to come in at £1.83 billion, up 13% at constant currency, with underlying profit (EBITA) seen hitting somewhere between £152 million and £155 million, which would be ahead of previous guidance.

Watches of Switzerland Group LON: WOSG said fiscal 2026 sales came in ahead of guidance and market consensus, driven by strong momentum in the United States and improvement in the United Kingdom during the second half.

The luxury-watch retailer forecasts organic revenue growth between 5% and 10% for its fiscal 2027 on a constant-currency basis thanks to U.S. demand.

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.

Watches of Switzerland Group is a leading luxury Swiss watch retailer with deep ties to Rolex and a dominant UK market share. I see the US market as WOSGF's primary long-term growth driver, supported by strong cash generation and proven M&A execution. Concerns about Rolex's vertical integration and US tariffs appear overblown; WOSGF remains a key partner in Rolex's distribution strategy.
