Overview
- Guidance for full-year sales growth was increased to 9–11% in constant currency, up from 6–10%, after a robust fiscal third quarter ended Jan. 25.
- Watches of Switzerland expects second-half EBIT margins to improve versus the first half, while keeping 2026 capital expenditure at £65–70 million.
- U.S. performance led the gains, and the region now contributes nearly 60% of the company’s profitability.
- The company expanded its footprint with a majority stake in Deutsch & Deutsch, adding four Rolex-anchored showrooms in Texas.
- Industry data show Swiss watch exports rose 3% in December to 2.1 billion francs as shipments to the U.S. rebounded following a cut in U.S. import duties on Swiss watches.