EL7.AI
StocksMediumUpdated×2•Originally published 14 May 2026•Updated 14 May 2026•
1 min read

Watches of Switzerland Posts Record Revenue and Upgrades Profit Guidance on US Strength

Graphic for Watches of Switzerland featuring luxury watches on bar charts against a US map and financial reports.

Key Facts

1The luxury-watch retailer forecasts organic revenue growth between 5% and 10% for its fiscal 2027 on a constant-currency basis.
2The projected growth is primarily driven by strong demand in the U.S. market.

Watches of Switzerland Group reported record annual revenue of £1.83 billion for the fiscal year ending May 3, representing a 13% increase at constant currency. The company officially upgraded its profit guidance after performance exceeded previous estimates, bolstered by exceptional sales growth in the U.S. market. This financial milestone was achieved despite a more challenging trading environment in the United Kingdom.

The record results solidify the company's position within the luxury retail sector, particularly as peers like LVMH have faced headwinds from slowing demand in Asian markets per market data. According to analysis from the Wall Street Journal, the resilience of high-net-worth spending in North America has been a critical offset to regional weaknesses, allowing the group to capture higher market share in the premium timepiece segment.

Investors are now focusing on the sustainability of this growth trajectory as the fiscal year progresses. Key catalysts to watch include the upcoming U.S. Consumer Price Index (CPI) release on May 14, 2026, and Retail Sales data on May 15, 2026, per the economic calendar. These data points will provide further clarity on the health of discretionary spending and the potential path for Fed monetary policy moving forward.