Watches of Switzerland Group has raised its profit outlook for fiscal 2026, saying it expects earnings to come in above market expectations as demand in the US market remains strong.<\/p>\n
The luxury watch retailer, which sells brands including Rolex and TAG Heuer, said it now anticipates annual operating profit between \u00a3152 million and \u00a3155 million ($209.53 million), surpassing analysts\u2019 average estimate of \u00a3148.2 million, according to a company-compiled poll, News.Az<\/a> reports, citing Reuters<\/a>.<\/p>\n The update reflects a continued recovery in the North America<\/a>n luxury market, which has become a key growth driver for the group and now accounts for more than half of its total sales.<\/p>\n The company has benefited from resilient spending among high-end consumers in the US after a period of softer demand in previous years, helping offset uneven performance in other regions.<\/p>\n The stronger outlook highlights ongoing momentum in the luxury watch sector, where demand for premium timepieces remains steady despite broader economic uncertainty.<\/p>\n