Watches of Switzerland Forecasts Profit Above Estimates
The British luxury retailer expects fiscal 2026 operating profit between 152 million and 155 million pounds, surpassing analyst expectations. This optimistic outlook is driven by a recovery in North American demand for brands like Rolex and TAG Heuer.
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WATCHES OF SWITZERLAND GROUP expects fiscal 2026 operating profit between £152 million and £155 million, surpassing market estimates of £148.2 million. The United Kingdom-based retailer is leveraging a recovery in the United States market, which now generates over 50% of revenue. Strong North American demand for Rolex and TAG Heuer brands offsets previous years of soft luxury spending.
