June 2, 2026: Watches of Switzerland Surges 14%; Richemont Named Top Pick at Four Banks
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Tickers covered: WOSG.L | CFR.SW | MC.PA | KER.PA | UHR.SW

In this episode:

Watches of Switzerland (WOSG.L — LSE)
- Stock surged 14% on FY2026 earnings
- Group sales: GBP 1.83B, up 13% at constant currency
- US sales: +24% YoY, now more than half of group revenue
- FY2027 guidance: 5-10% growth at constant currency

Analyst Ratings
- Deutsche Bank adds Richemont to "Most Preferred" alongside LVMH and Burberry
- Richemont now consensus top pick across Deutsche Bank, UBS, JPMorgan, and HSBC
- Kering and Moncler designated "Least Preferred" by Deutsche Bank
- Kering (KER.PA) ex-dividend today at EUR 2.75 per share

China Outlook
- Bain & Co projects Chinese luxury spending +6% in 2026, reversing -5% in 2025
- Chinese shoppers account for more than 25% of annual global luxury sales
- Structural shift toward luxury experiences (hospitality, cruises, dining) and away from traditional goods

Sector Snapshot at Close
- LVMH (MC.PA): ~EUR 473, down 26% YTD
- Richemont (CFR.SW): near record high CHF 161.80
- Swatch (UHR.SW): CHF 215
- Watches of Switzerland (WOSG.L): up 14% today
- Kering (KER.PA): ex-dividend EUR 2.75

Links:
- ALT/FNDATA: https://www.altfndata.com
- Watches of Switzerland Q4 2026 earnings: https://www.investing.com/news/transcripts/earnings-call-transcript-watches-of-switzerland-q4-2026-sees-stock-surge-93CH-4687393
- Deutsche Bank luxury ratings: https://www.cityam.com/city-broker-downgrades-outlook-for-luxury-stocks-lvmh-burberry-and-richemont/
- Richemont FY2026 results: https://www.richemont.com/news-media/press-releases-news/richemont-delivers-strong-sales-growth-and-solid-results-for-the-year-ended-31-march-2026/

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