Watches of Switzerland Group PLC (LSE:WOSG) has reported a strong first half for FY26, supported by exceptional performance in the United States, which now contributes nearly 60% of overall profitability. Group revenue rose 10% on a constant-currency basis, accompanied by higher adjusted EBIT and a solid improvement in free cash flow. The business also benefitted from reduced U.S. tariffs on Swiss imports and continued to expand both its retail footprint and ecommerce offering. Management maintains a positive view for the second half, with trading tracking expectations and FY26 guidance reaffirmed with confidence.

The company’s financial and technical profile points to ongoing strength, with consistent revenue gains and supportive market momentum. However, the shares appear overbought in the near term, raising the possibility of a short-lived pullback. Valuation remains reasonable, and with an emphasis on growth rather than income, effective debt management and improved profitability will be central to sustaining long-term expansion.

More about Watches of Switzerland Group PLC

Watches of Switzerland Group PLC is a leading luxury retailer specialising in high-end timepieces and jewellery. The company represents many of the world’s premier watch brands and operates an extensive network of showrooms across the UK and the United States, complemented by a growing ecommerce platform and ongoing investment in premium retail environments.

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