Watches of Switzerland

Watches of Switzerland falls about 3.3% to 706p after Jefferies cut its rating from "Buy" to "Hold". Analysts see the recent re-rating after the rally as largely exhausted, although the price target was raised from 440p to 740p. Jefferies criticises the limited upside, noting the stock trades at around 13.1 times expected 2027 earnings at the top end of the post-pandemic range. A weak domestic market (FTSE 100/250) added to the selling pressure; investors are focusing on the annual results on 14 July. » More on de.investing.com

After a strong third quarter, Watches of Switzerland has raised its full-year sales forecast to currency-adjusted growth of 9–11%, up from 6–10% previously. Growth is being driven mainly by strong demand in the US and the UK, as well as acquisitions and new store openings. The company is increasing investments in e-commerce, showrooms and marketing to attract younger customer groups. However, an EBIT margin decline of 70–90 basis points is expected; the stock fell about 2.6%. » More on de.investing.com

Watches of Switzerland Group reports revenue of $845m for H1 2025 (+20% in USD, +10% currency‑adjusted), driven by a strong US business that accounts for 48% of group revenue. E‑commerce grew 17%; EBIT was £69m and free cash flow £48m; the company completed a £25m share buyback programme. The group maintains a positive outlook, expecting 6–10% currency‑adjusted revenue growth for the full year, while remaining alert to risks such as tariff changes and market saturation. » More on de.investing.com