British luxury watch retailer Watches of Switzerland expects fiscal 2026 profit above market expectations on Thursday, betting on a solid U.S. market.
The Rolex and TAG Heuer retailer has benefited from a recovery in the North America market, which now contributes to more than half of its sales, after a few years of soft spending among luxury shoppers.
The company expects annual operating profit between 152 million pounds and 155 million pounds ($209.53 million) for fiscal 2026, above analysts’ estimate of 148.2 million pounds, according to a company-compiled poll.
($1 = 0.7398 pounds)
(Reporting by Prerna Bedi in Bengaluru)
