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Watches of Switzerland Group (WOSG) investor relations material
Watches of Switzerland Group Q2 2026 TU earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q2 2026 TU earnings summary6 Nov, 2025
Executive summary
Group revenue reached £845 million for H1 FY26, up 10% at constant currency and 8% at reported rates year-over-year, driven by strong US performance and robust demand for luxury watches and jewellery.
US revenue grew 20% at constant currency and 15% at reported rates, with broad-based growth across brands and categories, and significant contributions from Roberto Coin.
UK revenue increased 2% year-over-year, with flagship boutiques, especially the Rolex Old Bond Street location, outperforming despite a challenging retail environment.
Ecommerce revenue rose 16% compared to the prior year, reflecting successful digital investments.
Financial highlights
Luxury watches revenue increased 10% at constant currency, maintaining strong demand that continues to exceed supply.
Luxury jewellery revenue also rose 10% at constant currency, now representing 12% of group revenue, with luxury branded jewellery outperforming.
Certified Pre-Owned segment performed strongly, with Rolex Certified Pre-Owned now present in all US Rolex agencies and expansion plans for the UK.
Adjusted EBIT for H1 FY26 estimated between £66-68 million, with EBIT margin down approximately 50 basis points year-over-year, in line with full-year guidance.
Outlook and guidance
FY26 guidance reiterated, with confidence in delivering another year of strong sales growth and continued leadership in luxury watch and jewellery retailing.
Guidance is based on current US tariff rates and observed brand partner and consumer responses.
Roberto Coin wholesale expansion strategy
US tariff impact on future consumer demand?
UK showroom portfolio optimization strategy
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Next Watches of Switzerland Group earnings date
H1 20264 Dec, 2025
Next Watches of Switzerland Group earnings date
H1 20264 Dec, 2025
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Frequently asked questions
Watches of Switzerland Group plc retails luxury watches and jewelry through its network of stores and e-commerce platforms. The company operates multibrand and mono-brand boutiques across the UK and the U.S., representing high-end watch manufacturers. It targets premium and affluent customer segments. The company is headquartered in Leicester, United Kingdom, and its shares are listed on the LSE.
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