Watches of Switzerland Group reports 13% annual sales growth, driven by 24% U.S. expansion, offsetting U.K. consumer pressure.
Watches of Switzerland Group (LON:WOSG) reported fiscal 2026 sales of GBP 1.828 billion, a 13% increase in constant currency, marking a record year. Growth was fueled by a 24% rise in U.S. sales, which now account for 51% of group revenue, surpassing the U.K. for the first time.
The U.K. market grew 5%, reflecting ongoing consumer pressure, while second-half performance improved with 17% group sales growth. Adjusted EBIT rose 6% to GBP 155 million, and statutory profit before tax jumped 75% to GBP 133 million. Revenue has compounded at 15.5% annually since fiscal 2015.
The U.S. business accelerated in the second half, growing 27% in constant currency, supported by broad-based demand and ecommerce expansion.