Watches of Switzerland Group Plc (WOSGF,WOSG.L), a luxury watch and jewellery retailer, Thursday said that its annual revenue rose 11 percent, helped by improved US numbers. The company thus raised its annual adjusted EBIT outlook.
On the LSE, WOSG.L is up 14.03 percent on Thursday's trading at 605.50 pence.
The company said that group revenue rose 11 percent to 1.83 billion pounds in fiscal 2026 from 1.65 billion pounds a year ago. On a constant currency basis, the increase in annual revenue was 13 percent.
Excluding the fiscal 2026 53rd week, group revenue was up 8 percent on a reported basis and rose 11 percent on a constant currency basis.
Among regions, the US total revenue climbed 18 percent to 927 million pounds in the given year from 786 million pounds last year. On a constant currency basis, the growth was 24 percent.
As a result of the better sales figures, the company said that annual adjusted EBIT is expected to be in the 152 million pounds to 155 million pounds range, ahead of the earlier given outlook.
Looking ahead, Watches of Switzerland Group said on an organic pre-1FRS 16 basis, it expects revenue at 5 percent-10 percent on a constant currency basis for the fiscal year 2027, 52 weeks. Adjusted EBIT margin% is projected between 40 and 80 bps, expansion from fiscal 2026. The equivalent guidance on an IFRS 16 basis is adjusted EBIT margin, with a 40 - 80bps expansion from last year.
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