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British retailer Watches of Switzerland forecasts 6%-10% annual revenue growth

British retailer Watches of Switzerland forecasts 6%-10% annual revenue growth

British retailer Watches of Switzerland forecasts 6%-10% annual revenue growth 150 150 admin

(Reuters) -British luxury retailer Watches of Switzerland on Thursday projected full-year revenue growth of 6% to 10%, after its U.S. business revenue surpassed the $1 billion mark for the first time, driven by strong consumer demand.

The company posted adjusted operating profit of 150 million pounds ($204.60 million) for the year ended April 27, above analyst estimates of 148.8 million pounds, according to a company-compiled consensus.

($1 = 0.7331 pounds)

(Reporting by Unnamalai L and Yadarisa Shabong in Bengaluru; Editing by Sherry Jacob-Phillips)

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