Watches of Switzerland Group (LSE:WOSG) said trading for the 17 weeks to 30 August 2026 remained in line with the trends reported alongside its full-year results, with demand in the US and improving market conditions in the UK contributing to performance during the period.
The luxury watch retailer reported growth across its key brands, alongside contributions from luxury jewellery, certified pre-owned products and ecommerce. The company also said the integration of its recently acquired US business Deutsch & Deutsch was progressing as planned.
Showroom Expansion Programme Continues
Watches of Switzerland said its showroom expansion and refurbishment programme remains on schedule.
New and upgraded locations have opened or are scheduled to open in Georgia, New Jersey and Glasgow, alongside several other UK sites ahead of Christmas.
The programme forms part of the group’s ongoing investment in its physical retail network across the UK and US.
FY27 Guidance Reiterated
Management reiterated the group’s guidance for the 2027 financial year, including constant-currency revenue growth of between 5% and 10%.
Watches of Switzerland also continues to expect an expansion in its EBIT margin and free cash flow conversion during the financial year.
The group’s US operations create exposure to currency movements, with its guidance for revenue growth presented on a constant-currency basis.
Watches of Switzerland Group Operations
Watches of Switzerland Group operates luxury watch and jewellery retail businesses across the UK and US under brands including Watches of Switzerland, Goldsmiths, Mappin & Webb, Mayors, Betteridge, Deutsch & Deutsch, Analog:Shift and Hodinkee.
The group operates 186 showrooms and seven retail websites and sells watches and jewellery from brands including Rolex, OMEGA, Cartier and Breitling. It also holds exclusive distribution rights for Roberto Coin in the Americas.
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