Why is Watches Of Switzerland stock rallying today? By Investing.com

Watches of Switzerland shares jumped 3.7% to 772.5p after the FTSE 250 luxury retailer published a first-half update slightly ahead of expectations and raised the lower end of its full-year guidance. For the 26 weeks to 1 November 2026, revenue reached £974 million, up 15% year on year. The company tightened its fiscal 2027 outlook to constant-currency revenue growth of 7% to 10% (from 5% to 10%) and lifted its EBIT margin expansion forecast to 60–80 basis points (from 40–80). The US business led, with revenue up 22% at constant currency, while net debt fell to £24 million from £112 million a year ago.