Watches of Switzerland Group (WOSG) saw profits rise in its first half results, driven by “robust” US growth.

Statutory pre-tax profit jumped 50% to £61m for the 26 weeks to 26 October 2025, boosted by a strong international performance despite slightly weaker UK trading.

Group adjusted EBIT for the luxury watch retailer rose 6% to £69m over the period.

Group sales increased 8% to £845m over the half, with US revenues climbing 15% while UK and Europe revenues nudged up 2%.

WOSG said it welcomed the recent reduction in US tariffs on Swiss imports, and called it a “positive development” for the sector.

The business reiterated its FY26 guidance and said that the second half of its financial year saw trading in line with expectations.

WOSG CEO Brian Duffy said: “We have delivered a strong first half, with group revenue up 10% in constant currency, and good levels of profitability with group adjusted EBIT of £69 million, up 6%, along with strong free cash flow and return on capital employed.

“The US remains the key driver of our performance, with robust demand across brands and categories, and the region now makes up almost 60% of our profitability.”

In the UK, trading has been resilient in a challenging market, underpinned by the stability of the luxury watch segment and the strength of our consumer proposition, with particular success at our flagship boutiques.”

Duffy added: “The second half of the year has started well. Trading is in line with expectations, and we are well placed as we enter the holiday trading period. 

“Whilst we remain mindful of the external economic and geopolitical environment, we are confident in the strength of our business and our differentiated offering, and have reiterated our FY26 guidance.”

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